Page 113 - SAMENA Trends - June-August 2021

ARTICLE SAMENA TRENDS

data centers and the cloud — sensor than 3% of existing data is analyzed digital economy. For governments
and camera networks, applications with the aim of improving enterprise and policymakers, this also has
and platforms. By the end of 2022, 60% intelligence. National governments and significance since they need to adapt a
of network resources will migrate to policymakers that focus on developing new generation to changing economic
the network edge, to deliver adaptable the digital economy should strive to scenarios and avoid disruptions to the
and agile connectivity services to a create an open data economy, where labor market.
population who live, work, and play in a data is shared widely, creating value,
heavily distributed way. albeit supported with strong data The Digital Economy and National Digital
3. Data privacy and protection laws to counter Transformation
The digital economy is primarily potential threats. Economic prosperity and the improvement
a data-driven economy. Data is 4. Digital Skills of citizens' lives are priorities for every
the most valuable resource in the The increasing role of digital nation. As digital technologies are steadily
digital age, and it’s a key enabler of technologies in the workplace requires intertwined with the way products and
personalized customer experiences a range of new digital skills. This falls services are created and consumed, the
and industry ecosystems. The into two categories: core ICT skills — digital economy is becoming a critical
ability of an organization to capture such as programming, and generic component of national transformation.
data, synthesize information, learn ICT skills required by employees in It’s crucial for national governments
continuously and apply the resulting a digital environment. However, it is and policymakers to understand this
insights at scale, is a key differentiator difficult to find core ICT skills. With new economic construct and facilitate
in the digital economy. A combination rapid technological evolution, the skills its evolution by creating a supportive
of IoT platforms, devices, networks, AI learned at educational institutions often environment. To thrive in the digital age,
and ML tools, spreads intelligence from fall short and quickly become outdated. organizations must also transform digitally
the edge to the core and creates a data Enhancing the ICT skills of graduating through creating superior customer
value chain. However, fully exploiting students and the wider workforce experiences by embracing digital business
data remains a significant challenge for will be critical to digitalization efforts models, mastering data and participating
organizations. It is estimated that less and the long-term evolution of the in industry ecosystems.

113 JUN-AUG 2021