Page 111 - SAMENA Trends - June-August 2021

ARTICLE SAMENA TRENDS

ARTICLE

Accelerating the Digital Economy

Digital technologies have transformed society on an
unprecedented scale over the last two decades. Today, it's digital
technology that has the potential to bring widespread social
changes and economic advancement. However, it is essential
that nations understand and cater to the digital economy as it will
play a key role in achieving government objectives of economic
diversification, and national digital transformation. Both the
public and private sector must transform into digital enterprises

We at Huawei are committed to building
this openness and transparency, as
demonstrated most recently in our
expanding network of global Cyber Security
and Privacy Protection Transparency
Centres. On June 9, Huawei opened the
largest of such transparency centers in

Dongguan, China, which joins a network of
similar facilities in the UAE, the UK, Canada,
Germany, Italy, and Belgium.

to remain relevant and competitive, if they are to thrive in the
digital era.

Defining the Digital Economy Safder Nazir
The digital economy has been defined in different ways, primarily Senior Vice President, Digital Industries,
based on scope. Early on in the digital era, the term knowledge Huawei Middle East
economy was used to denote a combination of the Information
and Communications Technology (ICT) sector, digital media and
e-commerce. However, the digital revolution in the last two decades
has made digital business models much more widespread, this
new scenario requires a definition based on a much broader
scope. According to the Organization for Economic Co-operation
and Development (OECD), the digital economy encompasses
all economic activities reliant on, or significantly enhanced by,
the use of digital inputs, including digital technologies, digital

111 JUN-AUG 2021