January 18, 2024
BW Business World

A few years ago, the main buzz at Davos were crypto companies. Nearly half the pavilions on the main promenade were hosted by various crypto startups and unicorns. 

This year it is the turn of AI to dominate the Davos landscape. Nearly every corporate and country pavilion has focused on the impact of  AI and Gen AI on business models

While technology is being feted, there is an equally strong effort and conversation about mitigating the negative impact of technology. 

Efforts are also being made to mitigate the negative impact of the digital world. Global advocacy campaign, Human Change, launched in Davos during the World Economic Forum to raise awareness and instigate a transformation in the way children approach social media and the digitalization of their lives. The project advocates for policies and regulations that protect children’s health and well-being in an increasingly digital world. The project is supported by Margarita Louis Dreyfus, President of Louis Dreyfus Foundation & Chairperson of Louis Dreyfus Group. The campaign says that children and humans are changing their behaviour. This is being caused by the over-digitalization of children’s lives. The campaign believes that the world must prioritize the alignment of technological progress with the healthy development of children. Parents, regulators and global health organisations must set new norms for preventing harm to children since it will affect the growth of societies in the future. Issues like digital addiction and loneliness among children and young adults must be addressed urgently.