January Edition: Risks, AI and Longevity at the World Economic Forum Annual Meeting 2024
Marsh McLennan
Marsh McLennan (NYSE: MMC) brings together 85,000 experts in risk, strategy and people.
In this monthly newsletter, we look back at the World Economic Forum Annual Meeting 2024 in Davos, Switzerland to bring you perspectives that matter most in this moment.??
Global Risks Report 2024
We entered 2024 against a backdrop of rapidly accelerating technological change and economic uncertainty; a world plagued by a duo of dangerous crises: climate and conflict. To navigate this environment, leaders need an up-to-date view into emerging risks and looming threats to their organizations, as well as insight into the priorities and strategies of their peers.
?Developed as a collaboration between Marsh McLennan, the World Economic Forum and 苏黎世保险 , the Global Risks Report 2024 captures this data, analyzing risks through three time frames to support decision-makers in balancing current crises and longer-term priorities. Built with survey responses from 1,400 global experts, the research lays bare the primary concerns of leaders around the world, setting the agenda for the months ahead.
So, what are the key risks that leaders must navigate in order to build resilience in today’s shifting landscape? When asked for the top risks most likely to present a material crisis on a global scale in 2024, the top five responses were:
Discover how these perspectives change over different time horizons and geographies, as well as how leaders can begin to plan for these risks as they plot their path forward.
How Generative AI Is Transforming Business and Society
Amid the cacophony of opinions and predictions, there is a growing consensus around the world that generative AI’s influence on both the workplace and the consumer economy will be massive. From the nascent but fast-growing AI economy to the radical changes in consumer behavior, we’re only beginning to understand the scale and scope of how AI will change the way we live and work.?
But with the promise and potential of AI comes risk, and this is particularly acute given the revolutionary speed with which generative AI has been adopted both within and outside the workplace. Add to this mix a pervasive sense of confusion - 96% of employees said they believe AI can help them in their current job, but 60% are afraid it will eventually automate them out of work – and it is clear that to move forward, companies and societies must set aside the question of risk or reward and accept a future of risk and reward.
To bring some clarity to this discourse, the Oliver Wyman Forum released a new report at the World Economic Forum Annual Meeting, How Generative AI Is Transforming Business And Society . This wide-ranging research offers insight into how generative AI will affect businesses, employees, and consumers, as well as how organizations can balance the complex risks that come with it,
Longevity Economy Principles
Aging populations present a unique challenge to businesses, governments and societies around the world. From reimagining career paths to rethinking how we finance longer lives in retirement, a global demographic shift will require broad collaboration across industries as we look to shape a future that ensures financial resilience for all generations.
While pensions, retirement systems and social benefits vary from one nation to another, differing in rules, retirement ages and program designs, all individuals yearn for similar outcomes: meeting their basic financial needs, enjoying a healthy life, accessing employment opportunities and living a life imbued with purpose.
To begin working towards those goals, 美世 and the World Economic Forum recently released their Longevity Economy Principles , a global insight report that offers a compass for the necessary actions societies and economies must take to prepare for the coming demographic transformation. With input from a consortium of leaders from finance, health, academia and government, it aims at ensuring the financial resilience of all generations amid diverse national systems and goals like financial security and healthy living.
Meet Marsh McLennan
As we look at Marsh McLennan's presence at the World Economic Forum Annual Meeting, we're thrilled to introduce a core member of our team in Davos, Ana Kreacic . As a Partner and Chief Knowledge Officer of Oliver Wyman and COO of the Oliver Wyman Forum, Ana brings together business, public policy, and social enterprise leaders to help solve the world’s toughest problems. She brings critical insight into changing consumer and workforce needs and behaviors, and just last week she helped launch the new research report, How Generative AI Is Transforming Business and Society.
While at WEF24, Ana was a featured panelist at the joint Oliver Wyman Forum and Mercer event, Tapping AI's Power to Optimize our Working world, and she spoke at and moderated a number of other sessions, panels and discussions.
Outside of Oliver Wyman, Ana is passionate about empowering women, mentoring, refugee and immigrant causes, and education, and has previously served on the boards of Upwardly Global and the Stamford Symphony Orchestra. Though currently based in New York City, Ana has lived across the globe and is fluent in English, Slovene, Serbian/Croatian, Spanish and French.
Are you already connected with Ana? If not, check out her profile, follow, and connect with her to keep up with Ana's latest work and thought leadership.
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