The Digital Transformation Imperative: An IDB Science and Business Innovation Agenda for the New Industrial Revolution
Taking full advantage of the opportunities brought by the digital economy requires transforming Latin American and Caribbean's productive sectors and firms. Digital technologies such as the Internet of things, robotics, artificial intelligence, machine learning, big data and cloud computing along with increasing connectivity are transforming the economy and production processes into what is called the Fourth Industrial Revolution. This publication outlines the implications of the unfolding digital revolution, characterizing it as both an opportunity and a risk for Latin America and the Caribbean. Moreover, it highlights six main lines of action for the Inter-American Development Bank to engage and accompany public and private sectors to navigate the digital economy, as well as propose key questions to be explored looking to the future.