Fulfilling the Promise of the Digital Age
Investments from angels and venture capitalists fuel innovation and founders even as domestic and foreign direct investments expand manufacturing and services industries, creating millions of digital jobs and boosting global GDP growth with high-income wages. As the alliance of the global tech industry, WITSA plays a catalytic role in fostering the growth of the global digital economy by:
Advocating policies that advance industry growth and development, as well as facilitating international trade and investment in digital technology products and services
Organizing the annual World Congress on Innovation and Technology (WCIT), which brings together global technology leaders, policy makers, corporate users, industry experts, talent and investors to explore, connect, discuss and showcase the latest innovations and trends in innovation and technology
Recognizing the entities that made the most significant contributions to mankind in the digital field through the WITSA Global Innovation and Tech Excellence Awards
Providing publications and reports on various aspects of the digital economy, such as digital dividends, tech spending, communications outlook, and internet economy
As the leading recognized voice of the global tech industry, WITSA works with its members to undertake initiatives that drive, facilitate or advocate for the development of key factors that contribute towards fulfilling the promise of the digital age. These include:
The importance of realizing the potential value of digital transformation cannot be overstated. Benefits of digital transformation are not guaranteed.
Digital transformation is underway but not fully understood.
Without action and collaboration, digital transformation will not, by itself, lead to broadly-shared prosperity and growth.
WITSA calls on its members to engage with their national governments to ensure that the digital transformation will be a powerful force for the common good, valuing humans as an asset in the jobs market, fostering innovation, matching job skills with the needs of the new economy, bridging the digital gap in underserved populations, and promoting trust and security as well as driving businesses to create products that consumers rave about.
Governments must remove barriers and encourage a market-driven approach to policy focused on innovation, market competition, free flow of information across borders, mobility of skilled workers, research and development and investment in transformative technologies.
WITSA strongly urges governments to promote digital entrepreneurship by redoubling their efforts to foster national policies that support new and transformative businesses as well as international competitiveness.
WITSA acts as a catalyst for the global tech industry to explore, access, and capitalize on global opportunities. Through its various activities and initiatives, WITSA enables collaboration, knowledge sharing, and business growth, empowering its members and tech companies to thrive in the global tech landscape.
WITSA's Global Solutions showcase the exceptional contributions of its members and award winners, highlighting the innovative tech solutions they have developed to tackle a wide range of issues and problems. By harnessing the power of information technology, these solutions have revolutionized industries, transformed communities, and made a positive difference in people's lives across the globe.
WITSA's Global Solutions serve as platforms for knowledge sharing, collaboration, and inspiration. They bring together the best minds in the global technology community to address complex problems and drive sustainable development. By recognizing the achievements of its members and award winners, WITSA inspires others to push the boundaries of innovation, foster digital inclusion and create a brighter future for all.
These innovations address critical issues, transform industries, and create a positive impact on societies and individuals globally. Through collaboration and knowledge sharing, WITSA aims to help catalyze the advancement of technology and empower communities to thrive in the digital age.
Skenario Labs is a Machine Learning business, offering insights into residential and commercial building portfolios on the journey to net zero. Their advanced analysis engine creates virtual representation of buildings, assessing energy usage, carbon intensity, and value. They empower clients to make informed decisions for sustainable and optimized portfolios through data-driven solutions. Skenariolabs build individual building models for every single building across a city. They take into account local building archetypes (what are they made of? How are they built?), as well as localized weather, costs, energy grid and demographics in order to provide insights on how to best decarbonize whole portfolios.
They collaborated with Arup to develop a virtual representation of several thousand properties across three major UK cities. This model included multiple building types and provided a solid baseline for further iteration and scenario analysis. We ran several scenarios focusing on three intervention types:
1) A deep retrofit requiring a significant change to the buildings.
2) A light retrofit that would not require massive alteration.
3) A do-minimum to investigate a baseline.
By utilizing Skenarios Real Estate and combining our platform and modeling with Arup’s expertise they were able to deliver high-quality analysis for their clients and have since expanded collaboration to additional projects with central and local Governments around the UK. Skenarios Real Estate allows property data to be collected, collated, and analyzed quickly. It can also provide a set of derived assumptions where data was not available and which can then be updated or replaced.
