Industry Agenda Connected World

The report proposes four integrated technological frameworks to address inefficiencies in global mobility and trade. It details Automated check-in, security, border control and smart visas (ACIS) to streamline international travel; Condition-based megacity traffic management (COMET) to reduce urban congestion and emissions; an Integrated proactive intermodal travel assistant (IPITA) for seamless travel planning; and Transparency and Traceability for Logistics Optimization (TATLO) to digitize supply chains. The document emphasizes that the primary barriers to these solutions are not technological but relate to standardization, data security, and the need for multistakeholder governance models involving public authorities and private enterprises.

• The ACIS (Automated check-in, security, border control and smart visas) framework aims to reduce travel friction and increase tourism revenue. For G20 countries, improving visa processes was estimated in 2011 to potentially generate between $40 billion and $200 billion in additional tourism receipts by 2015, creating up to 5 million new jobs.
• The COMET (Condition-based megacity traffic management) system uses real-time data and analytics to manage urban congestion. A cost-benefit analysis for a modelled US megacity of 10 million people suggests the system could provide net present value benefits ranging from $1.9 billion to $10.1 billion over 10 years, with an initial investment of $1 billion to $4 billion.
• The IPITA (Integrated proactive intermodal travel assistant) is designed as a mobile tool to integrate planning, booking, and ticketing across all transportation modes. It addresses significant economic losses from travel delays; for instance, delays and cancellations at 12 major US airports were estimated to cost between $3 billion and $9 billion annually, with costs forecast to rise to $9 billion to $20 billion by 2020.
• The TATLO (Transparency and Traceability for Logistics Optimization) concept focuses on digitizing and standardizing information exchange in the global supply chain. Reducing barriers within international supply chains and logistics networks could potentially increase worldwide GDP by nearly 5% and total trade volume by 15%.
• Current implementations of smart travel and traffic systems are fragmented and partial. No existing traffic management system currently incorporates all six COMET features (real-time monitoring, real-time analytics, intelligent steering, dynamic tolling, access restrictions, and smart parking), and no travel planning solution currently covers all IPITA features.
• The report identifies that the primary obstacles to implementing these hyperconnected solutions are institutional and regulatory rather than technological. Key challenges include a lack of standardization in data formats, concerns over data security and personal privacy, and the difficulty of aligning the interests of diverse stakeholders across the public and private sectors.

APA

World Economic Forum (2014). Industry Agenda Connected World. http://www3.weforum.org/docs/WEF_Connected_World_HyperconnectedTravelAndTransportationInAction_2014.pdf

Chicago

World Economic Forum. Industry Agenda Connected World. 2014. http://www3.weforum.org/docs/WEF_Connected_World_HyperconnectedTravelAndTransportationInAction_2014.pdf.

Wikipedia

{{cite report |author=World Economic Forum |title=Industry Agenda Connected World |date=May 2014 |url=http://www3.weforum.org/docs/WEF_Connected_World_HyperconnectedTravelAndTransportationInAction_2014.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{worldeconomicforum2014industry, author = {{World Economic Forum}}, title = {{Industry Agenda Connected World}}, institution = {World Economic Forum}, year = {2014}, month = may, url = {http://www3.weforum.org/docs/WEF_Connected_World_HyperconnectedTravelAndTransportationInAction_2014.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }