⁍ Digitalisation promises to change how we work, play, consume and interact forever.

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⁍ Prior to the COVID-19 pandemic, the speed of change had already been expected to be significant.

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⁍ With over 60% of global GDP expected to be digitised by 2022, an estimated 70% of new value created in the coming decade is forecast to be based on digitally-enabled platforms.

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– It’s called the “fourth industrial revolution,” but it’s also known as the “Covid 19 pandemic,” and it’s already having a huge impact on the world’s economy, Bloomberg reports. According to the International Monetary Fund, COVID 19—short for “digitalization, facilitated by artificial intelligence, big data, and advances in computing power and greater connectivity”—is expected to create 70% of new value in the next decade through the use of digitally-enabled platforms. And it’s already having a huge impact. In China, for example, 85% of people use Alipay, the country’s version of PayPal, to pay for goods and services, Bloomberg reports. And in Singapore, where the COVID 19 “pandemic” is centered, more than half of all businesses are going digital, according to the World Intellectual Property Organization. But it’s not just digital platforms that are having an impact on the world’s economy. According to the World Intellectual Property Organization, the COVID 19 pandemic has also had a huge impact on the world’s traditional industries, making them more vulnerable to theft by counterfeiters and forcing traditional industries, such as live entertainment and sports events, “to develop radically innovative ways of delivering their products and services online to survive.”