Digital economyresearch report

Quantifying the process of digital economy From 2020 global connectivity index

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The following is the Quantifying the process of digital economy From 2020 global connectivity index recommended by recordtrend.com. And this article belongs to the classification: Digital economy, research report.

The report points out that the epidemic of COVID-19 swept the globe in 2020 and the world is running on the “line”. In this context, on the one hand, intelligent connection helps all walks of life fight the epidemic and resume production; at the same time, the state and enterprises are actively thinking about how to further develop intelligent connection, accelerate the digital process and adapt to the new normal. Research shows that industry digital transformation helps the country develop “high level” productivity, promote economic recovery and improve future competitiveness.

The starters accelerate the narrowing of the digital divide, benefiting from the improvement of broadband coverage and affordability

GCI analyzed the score changes of each country since 2015. The average scores of leader, accelerant and starter countries have increased since 2015. The CAGR of starter is the highest (increased by 4.95%), followed by accelerant (4.58%), and the lowest (increased by 3.38%). This shows that the starters are actively catching up with the accelerators and leaders, trying to narrow the digital divide. According to the analysis of the report, the starters have made remarkable progress in broadband coverage, with the average penetration rate of mobile broadband increased by more than 2.5 times; the proportion of 4G users in the total population has also increased from 1% to 19%; and the payment capacity of mobile broadband has increased by 25%. This will help to improve its comprehensive digital service level and promote new economic development opportunities. Compared with 2014, e-commerce expenditure has almost doubled, and the per capita e-commerce expenditure has exceeded US $2000. Some of the starters are entering the ranks of higher level countries. Their GCI scores have increased by 17%, and GDP growth is 22% faster than other similar countries. Vietnam and Peru have entered the ranks of accelerated countries in 2020.

Companies in leading countries are more willing to keep it budgets

Research shows that enterprises in different countries Generally speaking, compared with non it budget, enterprises in leader and accelerant countries are more inclined to keep it budget; in addition, affected by the epidemic, although most enterprises are expected to cut it budget due to business decline, the proportion of IT budget cut by enterprises in leader countries is 2.5 to 3.5 times lower than that in other countries. This also means that countries with higher maturity of digital infrastructure can recover faster and avoid the impact to the greatest extent when they are transforming to high-level productivity mode.

Industry digital transformation helps the country develop “high level” productivity

ICT investment needs to consider the unique existing production factor endowment of each country in order to produce a multiplier effect. Generally speaking, each country’s economy is composed of different industries and has its own unique pillar industries. The report suggests that the national ICT strategy should be built on the advantageous industries accumulated by various countries in the early stage. But no matter in which industry, the higher the degree of digitization, the greater the added value.

GCI 2020 puts forward five stages of industry digitization for the first time

The first stage: task efficiency: track the completion rate of single task through basic connection and improving communication efficiency.

The second stage: functional efficiency: the use of ICT technology to achieve computerization or automation, can handle multiple tasks at the same time, improve information sharing.

The third stage: system efficiency: promote the digitization of core system functions and realize the efficient operation of the system. At this stage, enterprises need wider connectivity and demand for cloud services.

The fourth stage: organizational efficiency and agility: the internal process of the enterprise has been digitized, the application is generally on the cloud, and all systems can be effectively integrated, and the real-time data analysis and insight can be realized by virtue of the popularity of high coverage network and cloud application, the deployment of AI and Internet of things.

The fifth stage: ecosystem efficiency and resilience: the whole ecosystem will be digitized, and can quickly respond to market changes, and support the automatic coordination and cross-border cooperation of stakeholders. 5g, Internet of things, robotics and other technologies will become typical representatives of this transformation, creating new opportunities for new business models, new ways of working and new products.

Zhang Hongxi, chief marketing officer of Huawei’s ICT infrastructure business, said: “with ICT technology entering all walks of life, digital transformation has become a common consensus of the country and thousands of industries. For the first time, we try to extend the research perspective from the national dimension to the industry dimension, and try to provide reference for countries and enterprises in different stages of digital transformation, so as to build a future oriented model “The development of resilience”.

GCI aims to provide valuable insights for policy makers and stakeholders in the economic field to promote faster growth of the digital economy. The 79 countries assessed by GCI 2020 account for 95% of global GDP and 84% of global population.

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