CEO Terry McGraw Speaks at Davos
CEO Terry McGraw traveled to Davos, Switzerland this week, joining some of the world’s top business leaders and heads of state at the 42nd World Economic Forum Annual Meeting. This year’s theme was “Great Transformation: Shaping New Models,” reflecting a new global context where nations and businesses must respond and adjust to the needs of an increasingly complex and interconnected world.
Terry addressed some of these issues on a panel entitled “The Future of Human Capital.” He stressed that tomorrow’s workers will need to handle not just the hardware and software to process enormous amounts of data but be able to use that information to derive real value for customers.
“I also see a unique opportunity to put a large supply of human capital to work towards an equally large demand: infrastructure,” Terry said during the panel.
Research from Standard & Poor’s supports this claim. Estimates indicate that some $15 trillion in new financing — more than double the level of the past decade — will be needed to update infrastructure in the world’s developed and developing countries by 2020. Finding better ways to fund these projects in a down economy is critical both for putting people back to work, and because the resulting improved infrastructure will help countries be more competitive in the long run.
