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Saturday, December 7th, 2019

MasterCard : UAE among world s ‘stand out digital economies; study

by July 17, 2017 General

The UAE has been identified as a ‘digital elite’ due to its high level of digital development, according to the Digital Evolution Index 2017 by MasterCard and The Fletcher School at Tufts University.

The research tracks the progress countries have made in developing their digital economies but also how they have integrated connectivity into their residents.

Along with the UAE, Singapore, the United Kingdom, New Zealand, Estonia, Hong Kong and Japan are also branded as ‘Stand Out’ countries due to innovation and advanced future growth.

With nearly half of the world’s population online, the research maps the development of 60 countries, demonstrating their competitiveness and market potential for further digital economic growth.

The Index measured four key drivers and 170 unique indicators to chart each country’s respective course including supply (or internet access and infrastructure), consumer demand for digital technologies, institutional environment (government policies/laws and resources) and innovation (investments into R&D and digital start-ups).

The Index discovered that the UAE government is driving the country’s digital growth, with high scores owing to Smart Dubai’s plan to transform services. Plus the UAE Vision 2021 is driving its innovation strategy through 3D printing, nanotechnology, semiconductors, artificial intelligence, software and smart cities.

“We all know technology can do more to improve economies and make our lives better, but growth is only achievable if everyone has confidence in the developing ecosystem,” said Ajay Bhalla, president, global enterprise risk & security, Mastercard. “In our pursuit of a truly connected world, trust and security are critical to successful digital development.”

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