25 Digital transformation in emerging economies
In its 2022 Global Risks Report, the World Economic Forum noted that despite a growing dependency on digital systems, cybersecurity threats are impacting public trust in digital systems and are increasing costs for all stakeholders.
This is especially so for emerging economies that are starting from a lower base in their digital development and often lack the infrastructure that can provide security and resilience. Developing countries are investing in digital infrastructure at roughly half the rate of developed countries. “If the digital divide isn’t bridged,
Closing the digital divide
Although the developing world is starting to engage with digital and e-commerce, it’s starting from a relatively low base and is hampered by fear of cybercrime and a fragmented or limited National Quality Infrastructure system. BSI’s Cindy Parokkil sets out the case for the role of standards in building trust and how the use of a Standards-based Digitalization Toolkit could help prepare the way for the digital transformation of emerging economies
Cindy Parokkil
there’s a risk of developing countries being left behind,” said Cindy Parokkil, Government Engagement Manager, Standards Policy, BSI. “As the World Economic Forum has said, digital trust is the currency that facilitates future innovation. To increase this currency and help accelerate digital transformation, we need intentional and persistent trust- building. I believe the National Quality Infrastructure (NQI) system offers just that (see pop-up ‘What makes up a Quality Infrastructure, page 26). And in BSI we’re tackling that head on – building trust in digital systems and
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