Prospect and threats of the digital revolution arise not incremental gains but from the disruptions that can emerge from the new technology. Digital era services and products have wide impact.
The digital revolution makes the competitive landscape more complex. Our life is becoming a combination of physical, technical and biological facet.
Overall, digital innovation changes the basic nature of organisations using disruptive information technology-oriented digital technologies that allow new business models, method, services, and goods.
Digital Disruption needs decisive responses. The most important levels of decision making and action is at country and regional levels. It call on government leaders and a wide range of collaborator in business, academia, citizens, and media to act decisively, practical and skillfully.
Besides building a citizen focus government, leaders should use e-Government as an anchor to speed up the digital transformation across society. This also involving business in carrying out e-Government, for higher effectiveness and to strengthen the economic fabric and offer prospect to start-ups, through smart procurement.
Government support must be selective and focused on high economic effect and high long-term social impact entrepreneurship, for example social entrepreneurship, not wasting assets on unfair entrepreneurship.
Because the Fourth Industrial Revolution runs on knowledge, government leaders need to promote a concurrent revolution in training and education.
This demand a national plan for digital skills. Such a plan needs to address both the new skills necessary and the impact of the new digital technologies on jobs.
And may be the most important feature in addressing the new digital skills is inculcating basic digital literacy for the population at large to reduce the digital divide.
Equal access to the internet is a necessary basic levelling field that can open new opportunities for the poor and for those previously excluded by providing cheaper and faster information and knowledge to all.
Since ecosystems take time to form, it is important to promote linkages to the most advanced ecosystems in the world, rather than close-up local ecosystems. This will attract foreign talent and capital, and helping local entrepreneurs go global.
