Scientists and Experts Affirm the Importance of Technology in Promoting Consumption Models

Monday 12 November 2018
Dubai - MENA Herald:

Scientists and experts affirmed the importance of using advanced technological tools in promoting sustainable consumption models that will enable societies to efficiently utilize available resources.

The Global Future Council on Consumption held in line with the third Annual Meeting of the Global Future Councils organized in Dubai in collaboration between the UAE Government and the World Economic Forum; explored the potentials provided by technological development, and their effects on promoting consumption models and ensuring sustainable benefits for businesses and communities across developed and developing markets.

The participants reviewed the impact of the Fourth Industrial Revolution (4IR) and its tools on production, distribution and consumption models. The participants also shed light on how technology can add value to commodities and services, along with predicted changes to the availability of sources, by implementing innovative models that adopt the outcomes of advanced sciences and future technologies.

The Council discussed the main anticipated changes on the consumption behaviors of communities, and new consumption models and changes they make to supply and demand.

The third Annual Meeting of the Global Future Councils is held in Dubai, under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, in collaboration between the UAE Government and the World Economic Forum. The meetings bring together more than 700 of the most relevant and knowledgeable scientists, futurists and experts, grouped in 38 expertise-based, thematic councils that discuss the future of vital sectors and develop practical solutions to challenging issues.

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