A new report created by the World Economic Forum Global Future Council on Neurotechnologies, Empowering 8 Billion Minds: Enabling Better Mental Health for All via the Ethical Adoption of Technologies, proposes a framework to address privacy, trust and governance issues in the use of technologies for mental healthcare.
As Fourth Industrial Revolution technologies offer new opportunities to address the mental healthcare burden, the report urges people with lived experience, policymakers, business leaders and practitioners to consider the ethical implications.
Mental health disorders are among the leading causes of mortality and could cost the global economy $16 trillion by 2030. By collecting and analysing data to inform treatment, it is easier for more people to access information and engage with professionals. While technologies, including smartphones, wearable sensors and artificial intelligence, are successfully meeting the current gaps in care, there are risks.
“AI and mobile digital technologies are a double-edged sword,” said Murali Doraiswamy, co-chair of the report and Professor of Psychiatry and Behavioral Sciences at Duke University School of Medicine, USA. “They offer an unprecedented opportunity for us to democratize and enhance access to mental healthcare for hundreds of millions of people and to increase the efficiencies of global health systems. But we also need to recognize this is a work in progress. We need to put in place governance systems to ensure the technology is used in a fair, empathetic and evidence-based manner to minimize known and future emergent risks.”
Some organizations, which use technology to provide mental healthcare, are focusing on ethical ways to increase care. Possibilities include counselling via text messaging or chat, training coaches to provide support in areas where there are few qualified professionals, and offering online interactive training on cognitive behavioural therapy or reduction of anxiety and depression.
The report calls for eight actions to realize the benefits of technology for mental healthcare while mitigating the risks:
- Create a governance structure to support the broad and ethical use of technology and mental healthcare
- Develop regulation that can enable innovation and ensure safety and efficacy
- Embed responsible practice into new technology designs
- Adopt a “test and learn” approach in implementing technology-led mental healthcare
- Exploit the advantages of scale by deploying innovations across larger communities
- Standardize the metrics used to measure, assess and understand mental health
- Build technology solutions that can be sustained over time
- Prioritize low income communities and countries
“This report represents the first step in a longer process to ensure technology for mental health is used ethically,” said Vanessa Candeias, Head of Health and Healthcare and Member of the Executive Committee at the Forum. “We need policymakers, industry leaders, innovators and users of these technologies – including doctors and people with lived experience – to harness their benefits while staying aware of the risks.”
The report was produced in collaboration with Accenture.
Asia and Pacific on course to miss all Sustainable Development Goals
Unless progress is accelerated, Asia and the Pacific are on course to miss all of the 17 Goals of the UN’s 2030 Agenda for Sustainable Development, the Executive Secretary of the UN regional commission for Asia and the Pacific (ESCAP), told UN News at the Organization’s Headquarters on Wednesday.
Under-Secretary-General Armida Salsiah Alisjahbana was in New York to take part in the High-Level Political Forum on Sustainable Development, the main UN platform for monitoring the progress that countries are making towards the Agenda, which is the UN’s blueprint for ending poverty and preserving the planet.
ESCAP’s latest Sustainable Development Goals Progress Report shows that, when it comes to some of the Goals, the region is actually going backwards. These are the goals related to access to clean water and sanitation (Goal 6), decent work and economic growth (Goal 8), and responsible consumption and production (Goal 11).
There are, said Ms. Alisjahbana, several reasons for this: “There is water scarcity, because of the pressure of urbanization, and the management of natural resources and the environment are making the situation worse. As for moving towards sustainable consumption, that has to do with behaviour and lifestyle. With increasing wealth you consume more, but what you consume is something that is actually not sustainable.
Governments, said the head of ESCAP, must ultimately be responsible for investments in sustainable development. Investing in basic infrastructure costs money, but there is a considerable multiplier effect, that has a positive effect on the economy. Countries with smaller financial resources should look at raising money through fiscal reforms rather than looking for aid, and risking becoming dependent, she added.
The Progress Report complains about a lack of data, an important point because, says Ms. Alisjahbana, without the correct data you can’t track progress, or evaluate the best actions to take going forward. Improved data must go hand in hand with improved capacity for analysing data, which means national statistical offices, and SDG monitoring.
Despite the many challenges facing the region’s efforts to achieve the Goals, Ms. Alisjahbana remains optimistic. The situation, she believes, can be turned around, through better cooperation, as well as the abundant talent and expertise found in the region.
Asia and Pacific Growth Steady Amid Global Trade Tensions
Developing Asia will maintain strong but moderating growth over 2019 and 2020, as supportive domestic demand counteracts an environment of global trade tensions, according to a new Asian Development Bank (ADB) report released today.
In a supplement to its Asian Development Outlook (ADO), ADB maintains growth forecasts for developing Asia at 5.7% in 2019 and 5.6% in 2020—unchanged from its April forecast. These growth rates are slightly down from developing Asia’s 5.9% growth in 2018. Excluding the newly industrialized economies of Hong Kong, China; the Republic of Korea; Singapore; and Taipei,China, the regional growth outlook has been revised down from 6.2% to 6.1% in 2019 and maintained at that rate in 2020.
Deepening trade tension between the People’s Republic of China (PRC) and the United States (US) remains the largest downside risk to this outlook, despite an apparent truce in late June that could allow trade negotiations between the two countries to resume.
“Even as the trade conflict continues, the region is set to maintain strong but moderating growth,” said ADB Chief Economist Mr. Yasuyuki Sawada. “However, until the world’s two largest economies reach agreement, uncertainty will continue to weigh on the regional outlook.”
The growth outlook for East Asia in 2019 has been revised down to 5.6% because of slower than expected activity in the Republic of Korea. The subregion’s growth outlook of 5.5% for 2020 is unchanged from April. Growth for the subregion’s largest economy, the PRC, is also unchanged, with forecasts of 6.3% in 2019 and 6.1% in 2020, as policy support offsets softening growth in domestic and external demand.
In South Asia, the economic outlook is robust, with growth projected at 6.6% in 2019 and 6.7% in 2020, albeit lower than forecast in April. The growth outlook for India has been cut to 7.0% in 2019 and 7.2% in 2020 because the fiscal 2018 outturn fell short.
The outlook for Southeast Asia has been downgraded slightly to 4.8% in 2019 and 4.9% in 2020 due to the trade impasse and a slowdown in the electronics cycle. In Central Asia, the growth outlook for 2019 has been revised up to 4.3% on account of an improved outlook for Kazakhstan. Central Asia’s growth outlook of 4.2% for 2020 is unchanged from April. The growth outlook in the Pacific—3.5% in 2019 and 3.2% in 2020—is unchanged, as the subregion continues to rebound from the effects of Cyclone Gita and an earthquake in Papua New Guinea, the subregion’s largest economy.
The major industrial economies have had slight revisions to their growth forecasts, with the US revised up to 2.6% for 2019 and the Euro area revised down to 1.3%. The growth outlook for Japan is unchanged at 0.8% in 2019 and 0.6% in 2020.
Developing Asia’s inflation projections were revised up from 2.5% to 2.6% for both 2019 and 2020, reflecting higher oil prices and various domestic factors, such as the continuing outbreak of African swine fever in several Asian economies, which is expected to drive up pork prices in the PRC.
How to measure blockchain’s value in four steps
To help organizations identify the value of blockchain technology and build a corresponding business case, the World Economic Forum, the International Organization for Public-Private Cooperation, has released the Blockchain Value Framework as part of the white paper, Building Value with Blockchain Technology: How to Evaluate Blockchain’s Benefits.
Co-designed with Accenture, the Blockchain Value Framework is the second in a series of white papers for organizations to better understand that blockchain technology is a tool deployed to achieve a specific purpose, not a goal in itself. This new framework provides organizations with the tools to begin measuring blockchain’s value, including key questions to consider. It is the first visual roadmap of its kind and is based on a global survey of 550 individuals across 13 industries, including automotive, banking and retail, public-sector leaders, chief executive officers and an analysis of 79 blockchain projects.
“In our last paper, we stressed that blockchain deployment is not the end goal,” said Sheila Warren, Head of Blockchain at the World Economic Forum. “We wanted to get beyond the hype. This new framework is for those business leaders that have figured out blockchain is the right solution for a specific problem, but don’t know what to do next.”
“Organizations need to make business decisions and investments with confidence and that requires proof of the value-add and an analysis of why, or why not, they should consider something new,” said David Treat, Managing Director and Global Blockchain Lead at Accenture. “Through this new framework, we aim to educate businesses and challenge them to rethink their current business models, relationships between ecosystem partners, customers and their investments in technology. The path to blockchain adoption starts here with evaluating the technical and strategic priorities and aligning them with investments in innovation.”
The framework starts with questions on blockchain’s role and desired impact. Assessing potential pain points and areas for opportunity without thinking about the technology is essential. Next is to examine the three key dimensions of blockchain’s role alongside its capabilities. The roadmap can assist organizations in moving from current-state assessment to future blockchain opportunity, and to identify where the value will be created and delivered. Cost savings, increased revenue and improved customer experience are all possible business case results.
According to the global survey conducted in conjunction with the new framework, 51% of survey respondents identified “missing out on developing new products/services” as the number one expectation if they do not invest in blockchain technology in the near future. The other two most common answers were missing out on speed/efficiency gains (23%) and missing out on cost savings (15%). The interviews highlighted the potential of the technology to simplify and optimize complete value chains through the sharing of simplified real-time data with increased efficiency. However, the paper also cautions businesses to carefully consider whether blockchain is the best solution, relative to other technologies or other digitization strategies. As noted in the Blockchain Beyond the Hype white paper, blockchain may not be a viable solution or it may not be the correct time to pursue this avenue.
In nine of the industries surveyed, the full traceability and integrity of the data were the top two potential advantages of using blockchain technology. Most of the industries surveyed could benefit from smart contracts and automation provided by blockchain. Surprisingly, few organizations selected “new business products or services” as one of the benefits. This suggests the current focus for organizations is on improving existing products and services before considering investing in new opportunities.
“We may be moving beyond the hype, but blockchain isn’t going away. Central banks are experimenting with digital currencies and supply chain networks are piloting blockchain policies. We are also seeing companies like Facebook and Starbucks entering the blockchain and cryptocurrency space. This means practical use cases of the technology will become more widespread,” Warren said. “A draft of the framework was further validated at a multilateral session of global leaders at the World Economic Forum Annual Meeting 2019 in Davos-Klosters.”
The case of the INF Treaty
On February 1, 2019, President Trump suspended US compliance with the obligations of the Intermediate-Range Nuclear Forces (INF) Treaty. The...
‘Better Future’ lies in prosperity of startups
With the slogan of ‘Better Future’, the 25th edition of Iran International Exhibition of Electronics, Computer & E-commerce (ELECOMP 2019)...
Turkey: As S-400s arrive, passions burn on
On July 12, the first shipment of the Russian S-400 air defense missile systems arrived at Mürted Air Base near...
The growth we want is sustainable: Harnessing innovation for a circular economy for all
With rapidly growing competition for resources and increasing waste and pollution, the need to move towards an inclusive circular economic...
Sanctions as a double-edged weapon: Chinese response to U.S arms supplies to Taiwan
The official representative of the Ministry of Foreign Affairs of China, Geng Shuang, said that China, in response to American...
The Social-Strategic Revolution: Success for the Reluctant New Executive
The one stable thing written about in today’s job market more than any other subject is instability. For most people...
Protea Hotel Fire & Ice! by Marriott opens in Durban
Protea Hotel Fire & Ice! by Marriott Durban uMhlanga Ridge officially opened this month, making it the first Fire &...
Economy3 days ago
How to stabilize Pakistan’s economy?
Middle East2 days ago
Iran: Second stage of suspension of commitments under JCPOA nuclear deal
Middle East2 days ago
Algerian soccer success is a double-edged sword
Middle East2 days ago
Iran-US Tensions Are Unlikely to Spill into War
Travel & Leisure2 days ago
23 Things to Do in Anguilla
Tech News2 days ago
Security of 5G networks: EU Member States complete national risk assessments
Americas1 day ago
Trump: Rebukes and Worries
Hotels & Resorts1 day ago
Protea Hotel Fire & Ice! by Marriott opens in Durban