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January 24, 2013

Why Davos is Important

Posted by Shibulal S. D. (View Profile | View All Posts) at 8:48 AM

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S. D. Shibulal, Co-Founder, CEO and Managing Director, Infosys, in conversation with the press at Davos

For the past 14 years, Infosys has been attending the World Economic Forum's annual meeting at Davos. I have been a part of the delegation for 9 years now. In all these years, a lot has changed about Davos - the magic mountains is a more buzzing place now, the number of visiting delegates has gone north and the weather seems warmer than earlier years. What has not changed about Davos and the Annual Meeting of the WEF is the fact that it continues to be the congregation of business leaders, politicians, thought leaders and other stakeholders - who all converge here with a single focus and commitment to improve the state of the world. Davos continues to be symbolic with being the hotbed of discussions on some of the most pressing challenges the world faces. The nature of the challenges has changed over the years but Davos has managed to evolve with it. This is evident from the fact that the discussions in recent years have been around emerging markets, sustainability and unemployment amongst other topics that need immediate attention.

Today, the world is more interconnected than ever before. The challenges we face today are more global, complex and compelling. The ongoing global economic crisis is testament to this. There are solutions to these challenges but no single stakeholder can work in isolation and hope to move the needle and make a difference. Be it the changing nature of geo-political risks or the slowing global economy or the rising unemployment - what we need to alleviate these challenges is a multi-stakeholder, multi-disciplinary and concerted response. While immediate action is needed, to make the action meaningful and relevant, we need interaction amongst the stakeholders which gives the insights needed to define our actions. Davos has been providing the ideal platform for enabling these interactions which are leading to insights and creating impact - for well over the past four decades now.

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