However, circumstances have forced leaders to focus on various economic, social, and environmental pressures, so they have decided to postpone investments in technology and focus on short-term needs.
Ultimately, digital technology is the key enabler for the broad set of challenges that businesses and governments face, as well as meeting the commitment to reduce emissions.
We are already on the path towards the full digitization of our societies and industries. Adapting to a digital first market is a priority for companies in all sectors, including health, finance, energy, mobility, among other industries.
Undoubtedly we still have a long way to go, especially since some 3 billion people around the world do not benefit from digital technology. Collaboration, agile policies and continued investments in connectivity, skills, devices and content are necessary to accelerate progress and achieve the ambitions of an inclusive digital economy.
As countries go through the impacts of digital transformation, public-private collaborations are essential. Governments play an important role in setting strategic priorities and creating the right environment through policies that encourage investment. Those countries where business and government can pool their intelligence, resources, and capabilities will advance faster.
Technology has proven to be a key enabler for success in all industries, striving to modernize the economy and society, in a more responsible way, but without regional and global cooperation between governments and companies, progress towards digital transformation can be at risk.
The public sector is now in a unique position to drive technology-based solutions for the benefit of society, harnessing cutting-edge technologies and innovation to address the world’s most pressing problems.
To achieve this, a joint effort from both government and industry is required to move towards digitally equipped ecosystems that are based on strategic and sustainable investment decisions, smart and agile policies, always in collaboration with the public and private sectors.