Tuesday, April 7, 2020

CEO Insider

Can You Choose To Play Catch-Up In A Digital Economy?

With the rapid growth and evolution of information and communication technologies (ICT) and their digital distribution, can you choose to play catch- or to take a lead? Can you afford not to?

The IT and digital landscape is changing rapidly, and the change could open up all sorts of interesting opportunities for whole industries to be transformed.

The future success of any company in “A DIGITAL ECONOMY” will rely on the collective ability to attract and retain a talented workforce, investments and individual consumers. To achieve this you will need collaboration and a collective commitment.

And how can we make sure that the benefits of the digital economy – are more equally shared?

Today, global business has gone digital, and in the digital economy, software-driven services and products like cloud computing and big data analytics are the key drivers of world’s growth and competitiveness.

The world now invests more than $3.7 trillion on information and communications technologies per year. And this is clear that software-driven technology is transforming every sector of the global economy

A report, Delivering Digital Infrastructure: Advancing the Internet Economy, produced in collaboration with The Boston Consulting Group (BCG), focuses on current threats to digital infrastructure — including fixed- and mobile-Internet infrastructure, telecommunications equipment and devices, and cloud infrastructure — in the U.S., Europe, and emerging markets.

“The digital economy is growing significantly faster than the economy as a whole and is also having a far-reaching social and political impact,” said David Dean, a BCG senior advisor and coauthor of the report.

“However, the potential of the digital economy can only be realized if digital infrastructure keeps pace. This will depend on the investment, innovation, and cooperation of many stakeholders.”

Dr. Amarendra Bhushan Dhiraj
Dr. Amarendra Bhushan Dhiraj is the CEO and editorial director at CEOWORLD magazine, the leading global business magazine written strictly for CEOs, CFOs, top managers, company directors, investors, senior executives, business leaders, and high net worth individuals.
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