Artificial Intelligence
Huawei presented a significant article titled “The Digital Dividend – ICT Maturity Fuels Economic Growth” at GITEX GLOBAL 2024
DUBAI, UAE, Oct. 16, 2024 /PRNewswire/ — At GITEX GLOBAL 2024, Huawei presented a significant article titled “The Digital Dividend – ICT Maturity Fuels Economic Growth.”:
The Digital Transformation Imperative
Our physical and digital worlds are increasingly intertwined, driven by breakthroughs in AI, 5G-A, and cloud computing. This convergence, known as the Fourth Industrial Revolution, is reshaping business at an extraordinary pace and accelerating global growth. In fact, over the next five years, digitalisation and intelligence are expected to account for 70% of the total global economic growth[1]. From smart cities optimising energy use to AI-powered medical diagnostics, the impact is already changing the way societies function. Recognising these opportunities, more than 170 countries have now developed national strategies focused on AI-driven digital transformation.
The link between technological advancement and economic growth is a well-trodden path. From the steam engine to the assembly line, each industrial revolution has redefined our economic landscape. This current digital revolution, however, is having an outsized impact due to the rapid pace of innovation and its profound impact on the way companies are transforming operations.
The new Global Digitalization Index or GDI jointly created with IDC measures the progress of this digital transformation across countries, highlighting the clear connection between a nation’s ICT maturity and its economic prosperity. More crucially, the research demonstrates how strategic investments in digital infrastructure significantly accelerate economic growth and shows how countries at different stages of digital maturity can leverage this transformation to drive their economies forward.
The Digital Maturity Landscape
The 2024 GDI report, building on the previous Global Connectivity Index, is built following research with academics and experts and includes 77 countries, representing 93% of global GDP and 80% of the world’s population. It categorises nations into three clusters: Frontrunners, Adopters, and Starters. Each cluster reflects a different stage of digital maturity, with Frontrunners such as USA, China and Singapore leading in both ubiquitous connectivity and digital foundations. Adopters like Spain and Malaysia are rapidly expanding their digital capabilities, and Starters like Vietnam building the groundwork for their digital futures.
The widening investment gap in digital infrastructure is particularly noteworthy. From 2019 to 2023, the ratio of digital infrastructure investment growth among Frontrunners, Adopters, and Starters stood at 18:3:1, with an annual average increase of US$7.2 billion, US$1.1 billion, and US$400 million, respectively. This disparity is not just a number—it’s a potent indicator of the diverging economic trajectories these nations face, as the research shows that each US$1 investment in digital transformation provides an US$8.3 return for a country’s digital economy.
The Digital Dividend Effect
At the heart of the report’s findings lies a powerful revelation: for Frontrunner countries, each one-point increase in GDI score translates to a US$945 boost in GDP per capita. This economic impact is 2.1 times higher than for Adopter countries and 5.4 times higher than for Starters. This is the digital dividend effect in action.
But what drives this effect? The answer lies in the ecosystem dynamics of mature digital economies. In Frontrunner nations, we see advanced digital ecosystems where technologies like AI, IoT, and cloud computing interoperate seamlessly.
These ecosystems foster network effects, where the value of digital services increases exponentially with each new user or connection. Furthermore, the accumulation and intelligent use of data drive innovation at a pace unseen in less digitally mature economies.
Consider China’s Port of Tianjin, where the integration of 5G, cloud, AI, and green energy has resulted in a smart, zero-carbon terminal. This digital transformation has led to a 50% reduction in container transshipment time and a 17% decrease in energy consumption compared to traditional terminals. It’s a microcosm of how digital maturity amplifies economic efficiency and sustainability.
The Compounding Nature of Digital Investments
What makes the digital dividend effect so potent is its compounding nature. Digital technologies don’t exist in isolation—they build upon and enhance each other. The rollout of 5G networks, for instance, doesn’t just improve connectivity; it enables edge computing, real-time AI applications, and IoT deployments at scale. This compounding effect creates a virtuous cycle of innovation and growth.
Moreover, as these technologies evolve, they generate vast amounts of data. In digitally mature economies, this data becomes a new factor of production, fueling AI systems that further accelerate innovation and productivity gains. It’s a self-reinforcing cycle that explains why digitally advanced nations can extract so much more value from incremental improvements in their GDI scores.
Bridging the Gap: A Call to Action
The digital dividend effect presents both a challenge and an opportunity. For Starter and Adopter nations, it emphasises the urgent need to accelerate digital transformation to avoid falling further behind. However, it also offers a roadmap for leapfrogging stages of development and identifies four enablers of the Intelligent World, Ubiquitous Connectivity, Digital Foundations, Green Energy, and has a Supporting Policy & Ecosystem, ensuring that any digital development is sustainable and resilient.
Starters must prioritize building robust connectivity infrastructure—both fixed and mobile broadband. Research shows that countries excelling in both (with fixed broadband speeds >150 Mbps and mobile >80 Mbps) see significantly higher per capita e-commerce transactions, unlocking greater digital economic potential.
Indonesia, a ‘Starter’ country in the GDI, recently completed its national optical fiber development initiative. This provides internet access to nearly 6 million people across 57 cities and districts, with another 16.4 million people. Indonesia’s 4G network covers more than 94% of cities and villages and the country’s Internet penetration rate stands at 79.5%. This coordinated development has enabled Indonesia to become the largest e-commerce market in Southeast Asia. In 2023, its digital economy reached US$82 billion, and over 15 unicorn companies were created. By 2030, the country’s digital economy is projected to exceed US$210 billion.
Adopters need to focus on both connectivity and digital foundations. Investments in data centers, cloud services, and AI capabilities can help these nations accelerate their journey towards digital maturity. Mexico’s data center expansion plan exemplifies this approach. By 2029, the country aims to establish 73 new data centers, complementing its existing 15. This initiative is expected to boost national GDP and create 68,198 direct and indirect jobs. Such targeted investments in digital infrastructure demonstrate how Adopter countries can leverage technology to drive economic growth and job creation in key sectors.
For Frontrunners, the challenge is to maintain their edge. This requires not just continued investment in cutting-edge technologies but also in developing the talent and policies needed to fully leverage these innovations. Our data shows that while the proportion of STEM graduates is similar across all clusters (about 25%), Frontrunners convert 95% of these graduates into ICT professionals, compared to just 15% in Starter countries.
The Future of the Digital Economy
As we look ahead, emerging technologies like quantum computing and advanced AI systems promise to further amplify the digital dividend effect. These technologies have the potential to solve complex problems in fields ranging from drug discovery to climate modeling, creating new vectors for economic growth.
Moreover, the role of digital infrastructure in ensuring economic resilience cannot be overstated. The COVID-19 pandemic demonstrated how digitally mature nations were better equipped to adapt to disruptions, maintaining economic activity through remote work, online education, and digital services.
The decisions we make today in investing in our digital future will determine the economic trajectories of nations for decades to come. The digital dividend effect shows us that in the race towards digital maturity, the stakes have never been higher—but neither have the potential rewards.
[1] 1 World Economic Forum (WEF)
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A New Era of AI-powered Innovation and Industrial Revolution: Driving Integration of Smart Tech into Daily Life.
TAIPEI, Oct. 17, 2024 /PRNewswire/ — The 2024 Taiwan Innotech Expo (TIE) kicked off today at Taipei World Trade Center with a focus on “Smart Tech Island –The New Era of AI.” This year’s event showcases over a thousand advanced technologies and research achievements across six key areas: digital information, data security, precision health, defense, green and renewable energy, and civil and military resilience, heralding a new chapter in the technological evolution of industries.
Online and On-Site Exhibitions Offers Comprehensive Access to the Latest Innovations
TIE 2024 offers a seamless blend of virtual and physical experiences. Visitors can explore technologies, register for events, and plan their visit online before the expo opens. During the expo period, the event website provides essential tools such as e-meeting requests, product maps, and program registration. For those who were unable to attend in person, online attendees can view exhibits and access business negotiation records even after the expo is closed, fostering ongoing collaboration and opportunities. As a leading platform for technological innovation exchanges in Taiwan, TIE 2024 showcases the nation’s advancements in AI and smart technologies. This event is anticipated to drive industry transformation and opens new chapters in technological innovation.
Official Website: https://tie.twtm.com.tw/en
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Artificial Intelligence
GIGABYTE AORUS AI Power Redefines the Ultimate Gaming Experience at Paris Games Week 2024
TAIPEI, Oct. 17, 2024 /PRNewswire/ — GIGABYTE AORUS is set to deliver cutting-edge AI experiences at Paris Games Week 2024 with the “AORUS Infinity” theme, bringing immersive experiences fueled by powerful and innovative AI technology for gamers with the latest gaming hardware, including GIGABYTE AI PCs, OLED monitors, and the newly launched Intel Z890 series motherboards. Meanwhile, attendees can join in top-tier gaming experiences, competing for exclusive prizes in various game challenges at the booth.
The AORUS 17X, 16X, and GIGABYTE G6X, powered by Intel® 14th Gen HX processors and NVIDIA® GeForce RTX™ 40 GPUs, deliver up to 8x higher FPS in modern games and 13x faster image generation. The AORUS AI PCs exclusively feature GIGABYTE AI Nexus technology, which includes AI Boost, leveraging AI for dynamically overclocking during intense gaming sessions. AI Power Gear can intelligently extend battery life by switching off the discrete GPU when the laptop is unplugged, and AI Generator offers on-device generative AI utilities for quick startups.
Moreover, the visual-stunning lineups of OLED monitors range from 32″ to 49″, including two Red Dot award-winning models, the MO34WQC2 and the FO32U2P, the world’s first DP2.1 UHBR20 gaming monitor.
AORUS will showcase an all-white PC setup featuring the newly launched Z890 AORUS PRO ICE motherboard, AORUS RTX 4080 SUPER XTREME ICE graphics card, and the sleek GIGABYTE C500 Stealth ICE panoramic case, complemented by the M27QA ICE gaming monitor. Additionally, the new Intel Z890 series motherboards, including the MASTER, ELITE, and PRO ICE models, will make their debut at Paris Games Week 2024.
AORUS will deliver major gaming highlights, including Capcom “Kunitsu-Gami: Path of the Goddess”, and Game Science “Black Myth: Wukong”, offering a high-end PC gaming experience. Also, the gamers get the chance to win exclusive AORUS prizes from the Game modules “Counter-Strike 2”, “Forza Motorsport”, and “Street Fighter 6”.
For those unable to attend in person, AORUS is launching an online campaign, “Fly with AORUS,” offering the participants a chance to win a GIGABYTE M27QA ICE Gaming Monitor. Stay updated by following AORUS on Instagram for more event information and updates.
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Artificial Intelligence
Press Announcement: AIMed24 Announces Strategic Partnership with Frost & Sullivan
SAN ANTONIO, Oct. 17, 2024 /PRNewswire/ — AIMed24, the premier event for artificial intelligence and healthcare innovation, is excited to announce its strategic partnership with Frost & Sullivan. This collaboration will further enhance AIMed24’s mission to advance healthcare with cutting-edge AI technologies. The conference will take place from November 17-19, 2024, at the Caribe Royale Orlando.
With over 60 years of supporting client growth, Frost & Sullivan has established itself as a leader in growth strategy and innovation through its unique Ecosystem of Content, Community, and Coaching. Frost’s Growth Pipeline as a Service (GPaaS) empowers companies, governments, and investors to maximize their economic potential while navigating emerging trends and pursuing sustainable growth. This partnership aligns perfectly with AIMed24’s focus on future-proofing healthcare through innovation.
Dr. Anthony Chang, founder of AIMed and Chief Intelligence and Innovations Officer at Children’s Hospital of Orange County, said, “Partnering with Frost & Sullivan brings immense value to AIMed24. Their expertise in fostering growth and innovation across industries, including healthcare, complements our mission to lead the conversation on AI’s transformative impact on patient care. Together, we’re shaping the future of medicine with pioneering ideas and real-world solutions.”
Greg Caressi, Senior Vice President of Global Client Services at Frost & Sullivan, shared his enthusiasm, stating, “We are thrilled to partner with AIMed24, a conference that has consistently brought together the brightest minds in AI and healthcare. This partnership aligns with our commitment to creating opportunities for sustainable growth and innovation, and our focus on AI in healthcare and life sciences applications. We look forward to contributing to the exchange of knowledge that will inspire the next wave of healthcare advancements.”
AI Med, a leading event that brings together experts at the intersection of artificial intelligence and healthcare, will serve as a platform for Greg Caressi to share his deep expertise in digital health transformation and AI-driven healthcare innovations. As a recognized thought leader in healthcare technology and innovation, Greg has spent decades analyzing emerging trends and fostering strategic initiatives that enhance data transformation and utilization of data to drive health outcomes.
AIMed24 is the must-attend conference for healthcare professionals, AI innovators, and technology leaders. With strategic partnerships like Frost & Sullivan, this year’s event promises to deliver an immersive experience, featuring groundbreaking keynote speakers, hands-on workshops, and unparalleled networking opportunities. The collaboration highlights AIMed’s global impact, with representation from all five continents and over 50 countries throughout its history. Attendees will have the opportunity to learn from industry experts and gain insights into AI’s role in shaping the future of healthcare.
Why This Partnership Matters: AIMed24 is committed to building long-term partnerships with key organizations that share its vision of improving healthcare through AI. Frost & Sullivan’s expertise in identifying growth opportunities and their forward-looking approach to industry trends makes them an ideal partner. Together, AIMed24 and Frost & Sullivan will deliver a unique, high-value experience for attendees, ensuring they leave equipped with actionable strategies and insights to drive AI innovation in healthcare.
Scholarships and Global Representation: AIMed24 is proud to continue its tradition of supporting clinicians and students from around the world through special scholarships. This initiative ensures that financial barriers do not prevent the brightest minds from participating in this world-class event.
Register Today: Don’t miss out on AIMed24! To learn more about the event and secure your tickets, visit www.aimed.events.
About Frost & SullivanFor over six decades, Frost & Sullivan has guided the world’s top companies toward transformational growth journeys that result in a stream of innovative growth opportunities. Frost’s Growth Pipeline as a Service (GPaaS) value proposition allows customers to maximize their economic potential, navigate emerging megatrends, and shape a future based on sustainable growth. Learn more.
About AIMed24AIMed24 is where AI and medicine’s brightest minds converge to shape the future of healthcare. Join us at the Caribe Royale Orlando from November 17-19 for groundbreaking keynotes, hands-on workshops, and exceptional networking opportunities with industry leaders.
Founded by Dr. Anthony Chang, AIMed is a clinician-led community advancing AI in health. AIMed24 will showcase impactful smart healthcare solutions, facilitate connections with AI trailblazers, and engage with top institutions and innovators.
Be at the forefront of healthcare innovation. Learn more.
View original content:https://www.prnewswire.co.uk/news-releases/press-announcement-aimed24-announces-strategic-partnership-with-frost–sullivan-302279447.html
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