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During the first three days of DAVOS 2023 we have heard many presentations. Following these outputs from #DAVOS2023 I do fully understand why the organizer ban any presence of INDUSTRY 5.0. All the introduced concepts glorified by paid media including the #FinancialTimes #Google and others lack respect for the fast-changing global industrial ecosystem, economy, and society. Until now all speakers presented plans based on original business models several decades and even centuries old. All consider that the citizens do not recognize the disability of the players to reflect the changing needs.
It seems to me that the DAVOS 2023 will be if not last, one of the last summits organized by the World Economic Forum and chaired by Klaus Schwab realized from the money of the members who instead of ROI will face LOI "LOSS OF INVESTMENT"
LOI will become new term in the language of economists, investors so as industrial players and even politicians same as ROI did long time ago. It just waited to be named and because nobody name it before it is once again my pleasure to do so.
In fact the idea is being used in INDUSTRY 5.0 enironment from the very beginning of implementation of its principles back in 2013, the question just sound different
DO YOU WANT TO GENERATE WASTE OR PROFIT?
and was asked thousands of times already during the last decade and not a single CEO, CFO, OWNER or company OWNER selected waste instead of profit
I am happy that after 7 years of existence represents an INDUSTRY 5.0 solution to turn omnipresent LOI into ROI again. At the same time represent INDUSTRY 5.0 STRATEGIC ALLIANCE platform to reconnection with the new global ecosystem.
It is everyone decision if he or she chooses ROI or LOI, and I just wonder what will the FINEXTRA readers go fo
Michael Rada, HUMAN
INDUSTRY 5.0 Founder
This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.
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