Context
Recently, estimates showed that the world could generate more data in the next three years than over the past 30. The explosive growth of data owes not only to “human” activities since as much as 40% of internet traffic is being generated by machines, between machines. However, this trend will likely continue and accelerate in the years ahead, with the number of networked devices in the world projected to reach a staggering 125 billion by 2030.
Analysis
What is a Data-Driven Economy?
Data economy categories
Data Paradox
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How to unlock and harness the current data opportunity?
Way ahead
Transforming data from the raw material into a genuine factor of production and engine of innovation requires changes at the individual and organizational levels. It can flow among citizens, businesses, and governments. As 5G, AI, and other technologies reinforce both data supply and demand, this is the time to update our approach to data in a more forward-looking way. With the right people, institutions, and culture, we can build the economies of the future and use data as a driver of change for good.
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