Rebuilding after COVID: The challenge is digital

(Credit: Unsplash)

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum.

Author: Yousef Al-Ulyan, Vice-President, Information Technology, Saudi Aramco


• The challenges of disruptive technologies must be managed.

• Increased digitalization because of the pandemic has made this more pressing.

• Governments and business must work together in what could be a second ‘Bretton Woods’ moment for the world.

It is no understatement to say that the technologies of the Fourth Industrial Revolution are causing disruption. Artificial intelligence, blockchain, autonomous systems, robotic process automation, smart city technology and more, are all taking root worldwide – with largely beneficial results.

But disruption this is, and we are all too aware that there are also challenges presented by these emerging technologies. While change is positive, it has to be managed. The world needs more thinking on how to help advanced technology achieve its full potential, while preventing harm.

The four threat areas

There are four areas where international cooperation and forward-looking policies can help. The first – and one which particularly affects Aramco as a company – is cybersecurity. More data and more digital transformation also mean greater cybersecurity risk. This threat is as important as any physical threat. And many of its dimensions are cross-border in scope, needing greater and more effective international coordination and cooperation – and clear frameworks and laws that address data integrity and ownership.

The second is education and what’s known as “upskilling”: Our educational systems need to prepare our young people for the challenges and opportunities of the digital world, and we need to provide unskilled workers with the training and digital literacy they need so they can continue to make a positive contribution in their jobs. Better and more relevant education will be our best defense against the threat of structural unemployment brought about by digital disruption.

The third area concerns the broader social, financial, investment and international cooperation policies we need to address and mitigate the greater impact of high technology on lower income and repetitive jobs, which could potentially widen inequality. This is a trend that has been exposed by the COVID-19 pandemic and needs to be proactively addressed before it worsens social fragmentation.

In the fourth area, we need international collaboration to deepen our understanding of the social and ethical impacts of emerging technologies, particularly on the young.

“We need international collaboration to deepen our understanding of the social and ethical impacts of emerging technologies”

Shoring up the defences

On the first point, cybersecurity is a concern for all industries and services now, and Aramco has moved aggressively to strengthen its own defenses. The transformation was internal at first: We deployed cutting-edge cybersecurity systems, transformed security operations into intelligence-driven defense, included cybersecurity in key corporate committees, set up programmes to address internal and external threats, and greatly enhanced the skills and knowledge of our staff through specialized training and advanced academic programmes.

But we soon understood that we would only be as strong as our weakest link. This meant reaching out to our business ecosystem, including both national and international partners, with a supply-chain cybersecurity programme to eliminate cyber-risks originating from third parties.

“We soon understood that we would only be as strong as our weakest link”

We also established collaboration programmes with national and international cybersecurity institutions, universities and government agencies responsible for critical infrastructure. Locally, we established two cybersecurity chairs with leading universities to enhance cybersecurity education as well as research and development.

But we know that even greater collaboration and cooperation at a global level is needed to keep cybercrime at bay. In the meantime, we have also been working to build trustworthy multinational clouds to keep data safe, signing agreements with Cognite and Google that will position Saudi Arabia to be a regional hub and exporter of advanced cloud and digital transformation services and technologies.

Upskilling Saudi Arabia

Education is the second area where companies are playing a role, but where governments can make a much bigger impact in equipping people for the digital age. At Aramco, for example, our digital training programme, launched in 2019, has already reached 11,000 of our 70,000 employees, with the goal of upskilling 25,000 employees by 2025. We’ve also helped establish the National Information Technology Academy to train young Saudis in IT skills with a focus on 4IR technologies, and we are establishing the largest centre of excellence in the MENA region to host digital and cloud academies.

“Our digital training programme, launched in 2019, has already reached 11,000 of our 70,000 employees”

In terms of the third and fourth issues around broader social challenges, organizations such as the IMF, OECD and others understand that digitalization is fundamentally transforming the way we live and work; that this has consequences for the well-being and cohesion of societies; and that it is having a deep impact on businesses in all sectors, through effects on productivity, employment, skills, income distribution, trade and the environment.

The 21st-century Bretton Woods moment

Addressing the board of governors of the IMF in October, its managing director, Kristalina Georgieva, said the world faced “a new Bretton Woods moment”. The challenge of building a better world after COVID-19, she said, was tantamount to the task of rebuilding peace and prosperity after World War II, when the World Bank and IMF were created at a conference in Bretton Woods, New Hampshire, in the US. Harnessing the opportunities of digitalization, and overcoming its disruptive impact, are a big part of the present challenge. digital, COVID-19, EDISON Alliance

What is the Forum doing to close the digital gap?

COVID-19 has exposed digital inequities globally and exacerbated the digital divide. Nearly half of the world is still not online.

With more basic services moving online and the pandemic highlighting affordability challenges in wealthier nations, these deep digital gaps are exacerbating inequality and preventing the achievement of the UN Sustainable Development Goals (SDGs).

At The Davos Agenda, the World Economic Forum launched the EDISON Alliance, the first cross-sector alliance to accelerate digital inclusion and connect critical sectors of the economy.

The EDISON Alliance will prioritize digital inclusion as the platform of platforms for partners with a common purpose for achieving the SDGs. Its vision is to ensure that every person can affordably participate in the digital economy.

Companies are invited to join the EDISON Alliance – read about how in our Impact Story.

Our digital world needs this new Bretton Woods moment. We need governments and institutions to work together to promote policies that continue to foster digital innovation, while preventing harm. In this task, our leaders will find willing partners in the corporate sector.

the sting Milestones

Featured Stings

Can we feed everyone without unleashing disaster? Read on

These campaigners want to give a quarter of the UK back to nature

How to build a more resilient and inclusive global system

Stopping antimicrobial resistance would cost just USD 2 per person a year

EU and China to do more in common if the global scene gets worse

Click and Download: your app is ready to help you save lives

WHO reports ‘very strong progress’ in battling DR Congo Ebola outbreak

New Eurobarometer survey shows: The majority of Europeans think the EU should propose additional measures to address air quality problems

Public Health equality in a trench

10 ways cities are tackling the global affordable housing crisis

Germany tries to save Europe from war between Ukraine and Russia

Long-term EU budget: It is not possible to do more with less, say MEPs

UN chief saddened at news of death of former US President George H.W. Bush

End discrimination against women and children affected by leprosy

Drought in southern Africa: EU releases over €22 million in humanitarian aid

These tech start-ups are changing what it means to farm

Attack on Saudi facilities risks dragging Yemen into ‘regional conflagration’: UN Envoy

Celebrating the Customs Union: the world’s largest trading bloc turns 50

How to outsmart bias when you’re recruiting

Primary Healthcare vs Specialization Careers, how to promote PHC to the Young Health Workforce?

Haitian Foreign Minister calls for development reboot to close ‘striking gap’ between promises and action on ending poverty

This is how drones and other ‘tradetech’ are transforming international trade

European Democracy Action Plan: making EU democracies stronger

Why we need a blockchain bill of rights

Prospect of a nuclear war ‘higher than it has been in generations’, warns UN

Antitrust: Commission imposes binding obligations on Gazprom to enable free flow of gas at competitive prices in Central and Eastern European gas markets

How 3 MENA business leaders are building resilient companies post-COVID-19

Thousands of health professionals call on world leaders to prioritize a greener future, post-pandemic

Kenya wants to run entirely on green energy by 2020

COVID vaccination campaign. What are the challenges?

Greece bailout ends but with no substantial effect on citizens’ life

1 million citizens try to create a new EU institution

What the next 20 years will mean for jobs – and how to prepare

Statement by Frans Timmermans, Executive Vice-President for the European Green Deal, on the announcement to postpone the COP26

EU and US take decisive step to end aircraft dispute

How COVID-19 is making companies act for the long term

We need tech solutions that value human interaction more than ever

Grievous violations continue against Myanmar civilians, Human Rights Council hears

The West and Russia accomplished the dismembering and the economic destruction of Ukraine

Guterres lauds UN peacekeeping, highlights need to bridge ‘critical’ gaps

How cities are failing to be inclusive – and what they can do about it

We must stop turning a blind eye to the world’s health crises

London wants to treat violent crime like a disease

Cybersecurity Act: build trust in digital technologies

MasterCard @ MWC14: Innovation in times of regulatory uncertainty

The digital revolution will transform the steel industry

‘Protracted crisis’ in Venezuela leads to ‘alarming escalation of tensions’: UN political chief

From battlefields to boardrooms: 3 steps to building high-morale teams

‘Act now with ambition and urgency’ to tackle the world’s ‘grave climate emergency’, UN chief urges UAE meeting

African cooperation on peace ‘increasingly strong’, Security Council told

European Green Deal: Commission presents actions to boost organic production

State aid: Commission approves €790 million Croatian guarantee scheme for companies with export activities affected by coronavirus outbreak

How COVID-19 might help us win the fight against climate change

Civilians suffering due to sanctions must be spared ‘collective punishment’ urges UN rights expert

5 urgent actions in the fightback against ransomware

The UN came of age with the nuclear bomb. Time for it to step up to the AI era

How can we prepare students for the Fourth Industrial Revolution? 5 lessons from innovative schools around the world

How digital identity can improve lives in a post-COVID-19 world

How we measure stakeholder capitalism will determine our recovery

Commission disburses €14.1 billion under SURE to 12 Member States

How distorted is the EU labour market by this crisis?

UN study projects $32 billion loss for UK post no-deal Brexit

One for all? Are physicians prepared to deliver care to the LGBTQIA+ community?

Trade surplus up production down in Eurozone

More Stings?

Speak your Mind Here

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s