We are witnessing profound shifts in every industry, marked by emerging frontier technologies like artificial intelligence (AI), robotics, the Internet of Things (IoT), autonomous vehicles, and nanotechnology. Klaus Schwab, the founder of the World Economic Forum, has referred to these shifts as the ‘fourth industrial revolution.’ But as he says, “the fourth industrial revolution is not only about smart and connected machines and systems. Its scope is much wider. Occurring simultaneously are waves of further breakthroughs in areas ranging from gene sequencing to nanotechnology, from renewable energy to quantum computing.” But how can governments and the private sector master these changes leverage technology design, strategy, and implementation while recognizing the enduring forces that are changing the business environment? How will fusion of these frontier technologies and…
