Digitisation represents $19 trillion in potential economic value over the next decade, and governments everywhere need to be on top of these emerging technologies, says Dr Jane Thomason, CEO of ABT Australia.
Can Blockchain, AI, Machine Learning, and Big Data help emerging economies to “Leapfrog?”
The world is changing rapidly with the development of new and disruptive technologies, governments everywhere need to be on top of these emerging technologies.
For developing countries, disruptive change may bring unique opportunities to bypass the legacy issues that advanced economies confront, and help them “leapfrog”. There is growing global interest in how these technologies can be used to tackle old development challenges, and to prepare emerging economy governments for the changes that are already happening.
Why Does Digitisation Matter?
- Digitisation will represent $19 trillion in potential economic value over the next decade.
- The impact globally on the public sector could amount to USD 4.6 trillion of value-added by 2022,
through increasing productivity and effectiveness, reducing costs, improving public transport and the
- Digitization creates jobs, with a 10 point increase in the digitization score leading to a 1.02 percent
drop in the unemployment rate, digitization had the greatest employment effect in constrained and
emerging digitized economies.
- By the end of 2016, around two-thirds of the world’s population had access to a mobile phone.
- The Internet of Things (inanimate objects that “talk” to each other) already comprises a larger number of connected devices (some 8 billion) globally than the world’s population.
- Policymakers must ensure the capabilities and enablers for sectoral digitization are in place, and
need to collaborate with industry, consumers, and government to foster an ecosystem in which the
uptake and usage of digital applications grow.
Use Cases for Digital Government
Digital Government is a transformation of traditional ‘analogue government’ functions toward digital solutions for government operations, services and connection with citizens. This includes, digitization of public service systems to improve responsiveness, capability and accountability; policies and interventions to facilitate digital economic growth; and leveraging the ability of internet, email, text and social media to improve citizen participation. Just as digitization enhances the efficiency and competitiveness of businesses, it can also improve efficiency and effectiveness of government functions and enhance sustainable economic and civic growth.