Page 61 - SAMENA Trends - March-April 2023

ARTICLE SAMENA TRENDS
ARTICLE
The Backbone of Digital Ecosystem: Exploring the Vital
Role of Telecoms in the Digital Ecosystem and the
Importance of Data Management
Tarinder Pal Singh
Senior Director, Protiviti Member Firm
for the Middle East Region
The digital economy and digital ecosystem have become
integral to the modern world. The rise of digital technologies has
revolutionized how businesses operate, and telecom companies
have played a crucial role in this transformation. In this article, we
will explore the impact of digital technologies on the economy, the
concept of digital ecosystems, and the role of telecom companies
in shaping the digital economy.
The Digital Economy
The digital economy encompasses many activities that rely on
digital technologies, such as the internet, mobile devices, and other
digital platforms. It encompasses all economic activities that use
digital technologies to create, distribute, and consume goods and
services. This includes producing, distributing, and consuming
goods and services delivered through digital channels.
The digital economy has become an
essential driver of growth and innovation
in recent years. It is estimated to be worth
$23 trillion by 2025.
Digital technologies have significantly impacted the economy
by enabling businesses to reach new markets and customers,
reducing costs, and improving efficiency. Digital technologies
have also transformed the nature of work, created new job
opportunities, and changed how people work. The digital economy
has become an essential driver of growth and innovation in recent
years. It is estimated to be worth $23 trillion by 2025.
The Digital Ecosystem
A digital ecosystem refers to the interconnected network of
digital services, products, and platforms that enable businesses
to operate in the digital economy. Digital ecosystems comprise
various components, such as cloud services, mobile apps, social
media platforms, and e-commerce websites.
61 MARCH-APRIL 2023