Digital Economy offers opportunities & Challenges
Unorganized Data – 80% by 2025 as per IDC
Organized Data
There is around 40 Trillions gigabytes of data (40 Zigabytes of data in the world by 2020)
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Digital & data are intertwined
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Digital Economy is driven by Digital data (Organized
data and Unorganized data) and Digital platforms.
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Unorganized data explosion creates huge challenges
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Estimates of the size of the digital economy range from
4.5 to 15.5 per cent of world GDP
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In 2018, digitally deliverable service exports amounted
to $2.9 trillion, or 50 per cent of global services exports
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The growing power of digital platforms has global
implications
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Turning data into digital intelligence is the key to
success
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Policies are needed to make the digital economy work
for the many, not just the few
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Enhancing readiness to create and capture value
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Need for robust policies for harnessing digital data
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Acknowledge the need for speed, flexibility and
international support