Fast technological change in the context of the Fourth Industrial Revolution will result in widespread availability of new business models and production techniques that will fundamentally transform our production systems and the path of emerging economies to development. Identifying the capabilities, factors and institutions, needed to benefit from these technological changes and facilitate structural transformations requires a new benchmarking tool to help businesses, governments and civil society to identify priorities for public-private collaboration, track progress and assess new priorities. The possibility of leapfrogging development stages and accelerating inclusive growth processes through effective leveraging of new technologies into production, makes it important to advance in our understanding of these technologies and the processes of structural transformation they will unleash.
