The analysis shows that one factor can explain a large part of the variation in the seven ICT variables used to measure the digital development of countries. This measure is then used with additional variables, which are hypothesised as drivers of the divide for a regression analysis using data from, andwhich reveals economic and educational imbalances between countries, along with some aspects of geography, as drivers of the digital divide. The belief that greater adoption and use of ICT may foster economic growth and development, trumping the present economic difficulties, has been supported by some of the most important nations and world organisations, such as the United Nations UN United Nations,the United States of America USA e.
The outstanding performance of the digital economy in its current form is mainly attributable to a consumer-driven internet.
The next wave of dramatic growth in the digital economy will come from industrial digitalization. The digital transformation of industry aims to create more integrated connections between all things, machines, and people in industrial settings.
Full transformation of industry will be built on Intelligent Connectivity, designed specifically to support better business outcomes. Powered by Intelligent Connectivity, industries across the board can tap into unprecedented growth opportunities.
Along this curve, there are three clusters of nations, indicating different stages of ICT maturity: Starters, Adopters, and Frontrunners. If they continue to enhance their ICT infrastructure by expanding and improving broadband connectivity, they will put themselves on the fast track to Adopter status.
This will give them greater returns on their ongoing investment in ICT infrastructure. Growth and optimism in the midst of inequality A trend first discussed in the GCI — the "Matthew Effect," describes how accumulated advantage produces unbalanced benefits.
Essentially, countries with a buildup of deployment in ICT infrastructure — the "haves" — receive far more benefits than the "have nots," and over time they leverage that initial advantage to pull even farther ahead. This trend remains true and shows signs of growing more pronounced in In the digital era, banks must shift away from a focus on products to advice, numerous speakers said.
First, digital isn’t just a subset of products or services offered by banks and investment firms, but something that is central to how firms must do business now and in the future, said Kelli Keough, global head of digital wealth management for JPMorgan Chase.
The GCI S-curve is a visual representation of 79 nations’ path to the digital economy and the relationship between GCI score and GDP. The countries are shown in three clusters – Starters, Adopters and Frontrunners - based on GCI score and GDP per capita.
Digital economy rankings Beyond e-readiness A report from the Economist Intelligence Unit Written in co-operation with The IBM Institute for Business Value. UNDERSTANDING THE DIGITAL DIVIDE Overcoming the digital divide The importance of policy and regulatory reform needs to be underlined.
The policy rationale is the social benefits to be derived from the spillovers and positive externalities associated with diffusion and greater use of ICTs and related improvements to the skill base. By , the US healthcare and pharma industries will spend upwards of $3 billion on digital advertising annually, according to projections by digital market researchers eMarketer.
To determine the extent of the global digital divide, this analysis utilized a database purchased from International Telecommunications Union (ITU): The World Telecommunication/ Information and Communication Technology (ICT) Indicators Database (11 th edition, June update).