With 2021 behind us, we are looking ahead to an uncertain future. But one thing is certain: 2022 and the decade ahead will be distinguished by fast digitisation and fascinating technological developments.
Technology is expected to continue to grow at a breakneck pace, especially in light of the recent COVID-19 outbreak, which has sparked digitisation across industries, resulting in a surge in demand for digital platforms, software, hardware, and services. Let's look at some of the digital strategies that Singapore, Dubai, Malaysia, and Mauritius are planning to implement.
According to the IMB World Digital Competitiveness Ranking, Singapore was ranked first out of 140 nations in 2019, but despite falling from first place in 2021, Singapore is still considered as Asia's top performing economy. Singapore is a city-state that has always gone its own way, climbing the economic ladder while continuously reinventing itself to keep up with the times. Regardless of changes brought on by the pandemic, they continue to place a high priority on the effective development and implementation of digital technology in both the public and private sectors.
As a result, the following strategies are being implemented in Singapore:
Singapore’s Smart Nation strategy aims to build a digital economy, digital government and digital society, with every industry, business and government agency driving whole-of-nation digitalisation.
As more businesses live and move into the digital realm, digital trust will become increasingly valuable.
Dubai has succeeded in developing an integrated digital government with a solid infrastructure, giving high-tech services, procedures, and digital systems to its habitants. This has aided the Emirate's growth as a global leader in smart services, with facilities that are easily accessible and efficient and seek, first and foremost, to ensure people's happiness and satisfaction, as well as to give them extraordinary living experiences.
The emirate’s digital economy strategy action plan is structured on three pillars :
Enhancing the digital business environment
Attracting leading digital companies to Dubai
Supporting the development of digital companies
From how communities interact to how businesses work and to how public services are delivered, the world is becoming increasingly digital. This prompted the development of MyDIGITAL, or the Malaysia Digital Economy Blueprint (2021– 2030) by Malaysia. Malaysia's ultimate goal is to become a digitally-driven, high-income country and a regional leader in the digital economy. MyDIGITAL sets the tone for Malaysia's digital endeavours in the future.
The strategies that are being implemented by Malaysia are as follows:
They intend to hasten the public sector's transformation towards a digital government. This will be accomplished by utilising digital technology, data, and digital intelligence, as well as improving public employees' digital skill sets and improving the quality of online services.
They intend to speed up the digital adoption, strengthen digital stewardship, and build new value sources and business models. Companies that invest in technology and build the digital economy will generate value and thrive as the economy shifts and digital ecosystems interact.
They are planning to offer people with access to a wide range of high-quality digital infrastructure, allowing them to engage in the digital economy. Through a favourable digital environment provided by seamless and extensive digital connectivity, the government and enterprises would be able to work with ease and continue to develop.
They are striving to reduce the digital divide by guaranteeing that everyone can participate in and benefit from the digital economy. One of the Blueprint's main goals is to create an inclusive digital society in which no one is left behind. In the quest to build a digitally responsible society, ethical behaviour in the use of digital technology will be prioritised.
They plan on establishing a trustworthy, safe, and ethical digital environment. Businesses and society will be able to fully benefit from digital services while maintaining safety, data security, privacy, reliability, and ethical norms. To prevent attacks or breaches that can disrupt the whole function of the digital economy, the environment necessitates the development of a holistic ecosystem, including a legislative framework and cyber security capabilities.
They aim to accelerate digital adoption, empower digital stewardship as well as shape new value pools and emerging business models. As the economy transforms and digital ecosystems integrate, businesses that embrace technology and build on the digital economy will generate value and thrive.
Aims to narrow the digital divide in ensuring every individual participates and reaps the benefits of the digital economy. One of the key outcomes of the Blueprint is to achieve an inclusive digital society, with no one left behind in line. Ethical behaviour in using digital technology will be given priority in the effort to create a digitally responsible society.
Aims to create a digital environment that is trusted, secure and ethical. This will enable businesses and society to fully reap the benefits of digital services without compromising safety, data security, privacy, reliability and ethical standards. The environment requires the development of a holistic ecosystem, such as a regulatory framework and cyber security capabilities to prevent threats or breaches that can disrupt the full function of the digital economy.
Since emerging technologies, data, and connectivity are the stepping stones to the intelligent information society, it is critical for Mauritius to foster and develop strategic targets in order to gain long-term competitive advantages that will keep the country at the forefront of the region and the world. Mauritius intends to become an inclusive high-income country by promoting and fostering an innovation culture and leveraging Emerging Technologies such as Artificial Intelligence, Blockchain, Robotics, Fintech, 3D Printing, Internet of Things, and Big Data to boost development in line with the Government's Vision 2030.
The strategies they are planning to implement are :
Welcome to the new era where the coming decade will be distinguished by an increasing digitalisation and fascinating technological developments.
The circumstances that have led to the necessity for high-stakes strategic digital transformation will almost certainly improve. One can establish a plan focused on delivering long-term value regardless of which technologies support it if you build your efforts around the strategy rather than the technology. Technology is a fleeting commodity while Strategy is a long-lasting concept.
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