The digital revolution has transformed the way we live and work, and it has required us to reimagine entire industries and systems. In this edition of the McKinsey Talks Operations podcast, host Daphne Luchtenberg brings you highlights from a panel discussion on how to achieve sustainability targets through activating Fourth Industrial Revolution (4IR) technologies. Both are on track to achieve their goals within the next two years. By Jenny Davis-Peccoud, Jean-Charles van den Branden, Chris Brahm, Gerry Mattios, and Jolle de Montgolfier September 08, 2020 15 min read Brief Sustainability Is the Next Digital Why sustainability revolution is the new digital. World Economic Forum articles may be republished in accordance with the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International Public License, and in accordance with our Terms of Use. This may be with nongovernmental organizations, with industry groups, with each othersometimes forming sustainability ecosystems. This philosophy opens the door to identifying potential waste reduction and ongoing efficiencies of processes that have been migrated to SSCs. Industry 4.0 brings these inventions beyond the previous realm of possibility with four foundational types of disruptive technologies (examples below) that can be applied all along the value chain: connectivity, data, and computational power: cloud technology, the Internet, blockchain, sensors Most banks had low efficiency in the management stage and high efficiency in the profitability stage, suggesting that there are weaknesses in the management of physical resources but high awareness that mobile payment services can be exploited to achieve high profitability. The Digital Revolution provides entirely new and enhanced capacities and thus serves as a major force in shaping both the systemic context of transformative change and future solutions; at the same time it potentially carries strong societal disruptive power if not handled with caution, care, and innovativeness. The impact of the digital revolution on the financial management strategies of enterprises and financial institutions has not yet been widely studied.
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