Today, data is produced at an unprecedented scale and speed. It is copied and transferred at zero cost in real time and has become a basic tool used in every government department. Yet government agencies remain reluctant to share the data they hold with other agencies. This paper looks at why data sharing is important, how it can be achieved, the opportunities of big data for the public sector, the main barriers to adoption, and policy conclusions for further work.
A national framework for digital economy rules would ensure the same protections for all U.S. residents, minimize transaction costs for businesses, enable opportunities to innovate, and increase efficiency in the policy making process.
The Philippine Institute for Development Studies (PIDS) has released its annual report for 2018 detailing its accomplishments in research, policy recommendation, and collaboration in the following fields: Agriculture, natural resources, and environmental management; human development, labor markets, and poverty; institutions, law, and economics; macroeconomics, finance, and growth; public economics and governance; regional, urban, and rural development; science, technology, and innovation; and trade and industry and international economy.
In recent years, there has been rapid growth in trade in digital services (i.e. the ICT services sector as a key element of the EU’s digital frontier), one which effectively overshadowed increases in ‘general’ services trade in the region. Yet, benefitting from this phenomenon hinges on how economies perform in the digital services area – something European countries have not been very good at, according to the McKinsey Global Institute’s Industry Digitisation Index.
The increasing use and dependence of technology by organizations, the cloud, the Internet of Things, Big Data, high connectivity, Artificial Intelligence and the premise that "it is not a matter of whether events will happen, but when" , demand from organizations the permanent need for preparation, learning and reinvention, where being resilient and innovating, is the true hallmark that must be developed in order to survive.
The digital revolution is only getting started. Digital disruption, which thus far has transformed a few sectors, is working its way into every sector of the economy. New technologies and exponential growth in the volume of data being produced by people and machines lend themselves to new business models and new kinds of products, while making everything from schools to hospitals more effective. Used correctly, this data explosion promises to make us healthier, richer, sometimes even more compassionate, and to solve intractable societal challenges like climate change.
The analysis revealed that the main topic of data governance research is its significance for digital technologies. Further aspects of data governance addressed in the literature include use of data as an economic asset, data management, data quality, data protection, compliance and organisation of data in networks. Data governance already plays a more important role in the health sector than in other industries. By effectively coordinating the requirements of business practice and scientific problem analysis, data governance can be better investigated, developed and implemented.
The report examines the current and potential impact of digital trade at home and quantifies the economic value of technological gains enabled by digital trade. It also recommends perceived concerns related to digital trade and how they can be addressed.
From trade in goods then trade in services, we now have digital trade.
In a new discussion paper, President and Co-founder Paul Hofheinz and Deputy Director and Senior Fellow Luukas K. Ilves take a look at the coming challenge – and strategic advantage – for a renewed European digital agenda under the incoming European Commission. The discussion paper looks at three key tests Europe faces: 1) An incomplete single market; 2) an incomplete digital society, and 3) the absence of global digital champions coming from within Europe and proposes an Eight-Point Action Plan for the European institutions and the incoming European Commission. Among the key recommendations are “complete the single market,” upgrade the digital AND the single-market dossiers in a commission restructuring, use co-creation and “design thinking” in policymaking and commit to an “Every European Digital” programme to end Europe’s digital divide.