UN echoes with India’s digitization schemes for their citizens. Digital economy and society are being promoted for international cooperation.
“The report is a welcome acknowledgement of the importance of international cooperation in the emerging digital world, and impacts on the objectives of Digital India,” said Asoke Mukherji, India’s former envoy to the UN.
- UN prompted nations to work on digital economy and society.
- The emphasis of the conference was also on affordable access to the internet and empowerment of women and the marginalized.
- Subsequently, the recommendations reflect Narendra Modi’s vision of Digital India.
- The conference was co-chaired by US philanthropist Melinda Gates and Chinese businessman Jack Ma.
How digitization will affect businesses?
Nowadays terms like AI, machine learning and automation have become very common. For men working in industries, these terms will completely transform their life. Above all, Automation and AI will cause a large-scale transformation of jobs. Certainly, Digitization has already changed the way people do the transaction and other business activities.
However, with all its benefits there are various challenges up ahead for the policymakers. For example, The cryptocurrency has provided a safe environment to carry out various illegal activities. But the underlying blockchain algorithm is really helpful for sectors such as share market and real estate.
To sum up, The main challenge ahead for organizations is not in adopting but in adapting to this digital era. And not to forget the security risks involved in the digital world, there is a saying in the programmer’s community that anything in the language of 0’s and 1’s can be hacked. In other words, there will always be a security risk in the case of digitalization.