Europe must harness the power of digital innovation not just to increase economic growth and expand prosperity, but also to address important societal challenges related to the environment, public health, transportation, and other pressing concerns.
The Internet and digital technologies are transforming our world. The European Commission has identified that an efficiently functioning Digital Single Market could contribute €415 bln per year to our economy and create hundreds of thousands of new jobs Starting from an analysis on the Junker Commission’s Digital Singe Market Strategy, the I-Com Study assesses of the steps undertaken by the EU during the last institutional cycle, particularly focusing on the following issues: Digital Networks and 5G, Data-driven Innovation, Artificial Intelligence, Smart Consumers and Cybersecurity.
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 numerous fields effecting economic outcomes.
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.