Risk Management in the very heart of 4IR

Source: G20 Insights. PricewaterhouseCoopers outlined ideas to enable a sustainable Fourth Industrial Revolution. How G20 countries can create the conditions for emerging technologies to benefit people and the planet.

“The Fourth Industrial Revolution (4IR) offers huge potential to transform and realign our economies and societies. There is an increasing realisation that the 4IR could also exacerbate problems for people and the planet. The G20 should champion a holistic approach to the 4IR that helps to address society’s environmental and social challenges. This means both mitigating unintended adverse consequences of change and maximising positive social and environmental benefits. The G20 should explore, and recommend, governance structures and policy mechanisms to ensure governments have the agility and ability to keep pace with the 4IR, and harness innovations that promise the greatest social and environmental returns.”

PRIMO underlines – as stated in this article – the need for a more holistic approach of public values as well as the need for an integrated and trans-disciplinary and trans-scientific form of public risk management, fully embedded within public governance. The 4IR will need a much more advanced way of public navigation to protect people, societies, ecosystems, earth and to establish true and renewed quality of life. It is challenging that innovation and governance keep the same speed of development. Balanced. Well engineered. A quantum leap is needed to migrate from the highly segmented and fragmented forms of public governance we are still faced with today.