Invest in adopting and scaling emerging technologies. Scaling and disseminating frontier technologies – such as AI, autonomous systems and robotics – can unlock growth and competitiveness, but also new risks. Develop technological leadership and innovation sandboxes, align technology investments with operational priorities and invest in technology governance to keep up with – and shape – the frontier of AI and technological advancement. Strengthen critical infrastructure. Businesses that invest in efficient, reliable and scalable infrastructure – both physical and digital – are better positioned to weather shocks and adapt. This includes integrating infrastructure monitoring and upgrades into core strategy, investing in cybersecurity and resilience in critical areas such as data, transport and energy. Develop agile capital allocation models. In a world of heightened volatility and velocity, dynamic capital allocation allows businesses to balance short- and long-term priorities and quickly shift resources as business needs evolve. Develop dynamic financial planning and portfolio management strategies, build capital reserves and mechanisms for fast reallocation of resources across projects, functions and markets. Align technology and human capital development. Technology and talent strategies must go hand in hand. Engaging workers in innovation and automation processes, and investing in workforce upskilling, reskilling and mobility is critical to address talent gaps, ensure that technology adoption primarily augments workers and build trust. This can help unlock the productivity potential of the emerging technologies. Deepen strategic partnerships and alliances. Partnerships enable scale, risk-sharing and access to new opportunities. Deepen strategic alliances, strengthen public-private collaboration and develop partnerships with peers within and across industries to share best practices, draw on external expertise and collaborate on shared challenges and frameworks. Four Futures for the New Economy: Geoeconomics and Technology in 2030 18

Four Futures for the New Economy Geoeconomics and Technology in 2030 2025