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Saudi Gazette report
NEW YORK — The Digital Cooperation Organization (DCO) has launched its inaugural Digital Economy Navigator (DEN) to enable countries to explore digital economy maturity paths, identify growth opportunities, measure progress, and bridge digital economy maturity gaps.
The measure was announced during the SDG Digital 2024 Conference, held during the 79th session of the United Nations General Assembly in New York, from September 10 to 27.
Based on official statistics and exceptional data from a major survey conducted by the Digital Cooperation Organization, the barometer provides a unified framework for the maturity of the digital economy in 50 countries, including the Organization’s member states.
It also provides a platform for countries, stakeholders and decision-makers to coordinate efforts to advance the global digital economy, and enable accessibility, sustainability and inclusive prosperity.
The measure assesses the extent to which influencing factors contribute to economic growth, sustainability, and improving people’s quality of life.
“The Digital Economy Maturity Scale aims to enhance access to essential digital services, sustainability, and economic prosperity, ensuring that countries not only keep up with the digital age, but lead it,” said Deemah Al Yahya, Secretary-General of the Digital Cooperation Organization. “As the first global framework to comprehensively address digital economy maturity from a user-centric perspective,
“The Digital Economy Maturity Scale plays a pivotal role in advancing the Digital Cooperation Organization’s mission to support data- and evidence-based policies and achieve impactful outcomes in the digital economy by providing reliable and detailed data, clear insights into current trends and emerging technologies, and enabling the formulation of strategies to address future challenges,” Al Yahya added.
“The Digital Economy Maturity Scale helps countries achieve higher levels of growth, inclusion and sustainability.”
The Digital Economy Maturity Index is of great importance to decision-makers, executives and digital economy experts, as it provides decision-makers with the research, data and analysis needed to develop a more inclusive digital economy, seeking to enhance digital innovation, stimulate job creation, accelerate GDP growth, and improve economic sustainability and social welfare.
The scale’s mechanism of action is based on evaluating the digital economy through three intersecting axes: digital enablers, digital businesses, and the digital society as a whole. Within these axes, 10 pillars work to collect and summarize the main aspects of the digital economy, and the application of digital technology derived from 102 scales in addition to primary data that includes more than 27,000 participants in 50 countries.
The Digital Economy Maturity Scale uses a comprehensive and integrated maturity rating system consisting office categories, based on scores ranging from 0 to 100, which stakeholders and researchers can employ to launch effective initiatives to drive digital progress and innovation.
The Digital Economy Maturity Barometer presents a mixed picture of maturity in specific regions around the world. For example, North America leads in digital innovation, followed by Europe and Central Asia and East Asia and the Pacific, while South Asia leads in digital work and training, followed by the Middle East and North Africa.
Digital education and health services are areas with advanced potential in sub-Saharan Africa, Latin America and the Caribbean.
