Davos 2017: The Fourth Industrial Revolution



Walter Sinn, managing director of Bain's offices in Germany, discusses the fourth industrial revolution and how it will affect all industries, from banks and media to industrial goods companies.

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Read the transcript below.

WALTER SINN: There's very much a discussion on the fourth industrial revolution and what it means to all industries. Everybody's touched, be it banks, be it media, be it industrial goods companies.

And I was particularly thrilled by a panel discussion with the CEOs of IBM and Microsoft on artificial intelligence, which is one of the topics in this arena. And clearly, hearing them talk about autonomous driving, about diagnostic and health care and so on, shows that we are really at the very beginning of development with respect to artificial intelligence, [which is just one aspect] of the Internet of Things, among all the other issues.

That's exciting. That is putting a lot of challenges to traditional companies, obviously. And it's clearly a field for us to engage in.