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How can we achieve an equitable digital transformation?

#artificialintelligence

The past 18 months have transformed society – and sped up the digital transformation of our world. On the plus side, digital technologies allowed business and society to continue to function even during lockdowns – helping companies survive, vulnerable people access healthcare and children continue to learn. When the worst of the pandemic is, someday, behind us, we'll be able to take many of these lessons – and technological advancements – with us to enable greater access to healthcare (especially mental healthcare), education, job training and finance. And it provided a much-needed boost to the pandemic economy. The UN's Sustainable Development Report 2021 highlighted the role of technology manufacturing as a key driver of the economic recovery, citing the rise in demand for computer electronics due to the global shift toward working from home, remote-learning and e-commerce.


Full text of the G20 Osaka leaders' declaration

The Japan Times

We will work together to foster global economic growth, while harnessing the power of technological innovation, in particular digitalization, and its application for the benefit of all. We are resolved to build a society capable of seizing opportunities, and tackling economic, social and environmental challenges, presented today and in the future, including those of demographic change. This recovery is supported by the continuation of accommodative financial conditions and stimulus measures taking effect in some countries. However, growth remains low and risks remain tilted to the downside. Most importantly, trade and geopolitical tensions have intensified. We will continue to address these risks, and stand ready to take further action. Fiscal policy should be flexible and growth-friendly while rebuilding buffers where needed and ensuring debt as a share of GDP is on a sustainable path. Monetary policy will continue to support economic activity and ensure price stability, consistent with central banks' mandates. Central bank decisions need to remain well communicated.


Healthcare leaders discuss 2022 tech, investment and digitalization outlook

#artificialintelligence

The pandemic is now two years old. A population the size of Finland has so far died from COVID-19 and tens of millions more are dealing with its side-effects. Even for those who haven't fallen seriously ill, nearly every aspect of our lives has been disrupted by COVID-19: from how we socialize and communicate, to how we study and work. We are all familiar with the crisis, but how has it impacted innovation, especially in the health and healthcare sector? Most obviously, the industry has seen a massive wave of investment, innovation and new entrants from the technology, telecom and consumer industries.


5 ways Digital Transformation Officers can make cybersecurity top priority

#artificialintelligence

Embracing new technologies defines a company's competitiveness on the market today, its efficient operation and its future development. As businesses go remote, many of them transfer their valuable data to the cloud – experts predict up to 60% will be using external provider services by 2022. This allows companies to tune internal communications, process and store larger amounts of data and deliver more value to customers. The Digital Transformation Officer (DTO) plays the key role in managing the strategic approach necessary to successfully undertake such transformations. Part of that success means managing cyber-risk.


How digital transformation can build more resilient businesses

#artificialintelligence

During the COVID-19 pandemic, schools, hospitals, businesses and governments have depended on technological innovation more than ever before to keep their operations afloat. As nations work to rebuild and reinvigorate the global economy, recovery plans must focus on creating jobs, investing in infrastructure and driving innovation with sustainability at the very core. We have a once-in-a-generation opportunity to bolster our economies so that industries can keep pace with rapidly changing technologies and are more resilient in future crises. Our collective success depends on the public and private sector's ability to keep up with the never-ending journey that is digital transformation. An executive survey from Deloitte suggests more "digitally mature companies" – companies where digital strategy and infrastructure is embedded in all parts of their business – are more resilient and agile in a crisis.