News Feed Item
Advancing Investment in Infrastructure for the Digital Economy
A New Report From the World Economic Forum, in Collaboration With BCG, Addresses Current Technology, Commercial, and Policy Challenges to Global Digital Infrastructure
|By Marketwired .
|April 29, 2014 03:12 AM EDT
NEW YORK, NY -- (Marketwired) -- 04/29/14 -- The World Economic Forum today released a new report that examines the long-term growth of the digital economy and the viability of the infrastructure that supports it.
The report, Delivering Digital Infrastructure: Advancing the Internet Economy, produced in collaboration with The Boston Consulting Group (BCG), focuses on current threats to digital infrastructure -- including fixed- and mobile-Internet infrastructure, telecommunications equipment and devices, and cloud infrastructure -- in the U.S., Europe, and emerging markets.
"The digital economy is growing significantly faster than the economy as a whole and is also having a far-reaching social and political impact," said David Dean, a BCG senior advisor and coauthor of the report. "However, the potential of the digital economy can only be realized if digital infrastructure keeps pace. This will depend on the investment, innovation, and cooperation of many stakeholders."
Delivering Digital Infrastructure is the result of a World Economic Forum cross-industry initiative. A steering committee and working group drawn from leading companies -- including AT&T, Baidu, Bharti Airtel, Huawei, Liberty Global, Microsoft, Qualcomm, Salesforce.com, and Telefonica -- contributed to the analysis of key industry challenges and helped propose recommendations.
The report provides recommendations for increasing investment in digital infrastructure in several regions. U.S. policymakers should encourage such innovations in local markets to heighten competition and investment -- and to help the U.S. remain a world leader in the digital market. In contrast, Europe's "digital health" is in particular need of attention. According to the report, the lack of a single digital market and greater infrastructure investment will make it difficult for the EU to capitalize fully on the benefits of the Internet economy.
Two critical technical issues are examined in the report: spectrum availability for mobile communications and disputes over IP-interconnection agreements that route traffic among the networks that make up the Internet. These agreements have come under increasing pressure as the volume of data traffic, especially video, grows significantly.
The report urges governments to make more spectrum available for mobile uses and all players to take steps to improve spectral efficiency. It also identifies areas of common ground among those on differing sides of the IP-interconnection debate and suggests a path toward resolving these disputes. In addition, the report assesses how policy and regulation can better keep up with the rapid digital advancement across multiple economic sectors.
"A key underlying premise of our work is that communication service providers and content providers face a mutually dependent future," said Sunil Bharti Mittal, founder and chairman of Bharti Enterprises. "Digital services depend on infrastructure for delivery, and infrastructure depends on digital services to drive demand for connectivity."
The report also discusses the need for national economies to develop efficient digital-services sectors and the role governments can play in helping to create environments that nurture such development.
"Governments especially need to recognize the economic and social benefits of digital connectivity and services," said Jon Fredrik Baksaas, president and chief executive officer of Telenor Group. "They can help to create environments in which dynamic digital economies can flourish by taking a long-term view and adopting a forward-looking approach to policy and regulation, ensuring incentives for investments."
A copy of the report can be downloaded at www.bcgperspectives.com.
To arrange an interview with one of the authors, please contact Eric Gregoire at +1 617 850 3783 or [email protected].
About The Boston Consulting Group
The Boston Consulting Group (BCG) is a global management consulting firm and the world's leading advisor on business strategy. We partner with clients from the private, public, and not-for-profit sectors in all regions to identify their highest-value opportunities, address their most critical challenges, and transform their enterprises. Our customized approach combines deep insight into the dynamics of companies and markets with close collaboration at all levels of the client organization. This ensures that our clients achieve sustainable competitive advantage, build more capable organizations, and secure lasting results. Founded in 1963, BCG is a private company with 81 offices in 45 countries. For more information, please visit bcg.com.
Bcgperspectives.com features the latest thinking from BCG experts as well as from CEOs, academics, and other leaders. It covers issues at the top of senior management's agenda. It also provides unprecedented access to BCG's extensive archive of thought leadership stretching back 50 years to the days of Bruce Henderson, the firm's founder and one of the architects of modern management consulting. All of our content -- including videos, podcasts, commentaries, and reports -- can be accessed by PC, mobile, iPad, Facebook, Twitter and LinkedIn.
There is little doubt that Big Data solutions will have an increasing role in the Enterprise IT mainstream over time. Big Data at Cloud Expo - to be held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA - has announced its Call for Papers is open.
Cloud computing is being adopted in one form or another by 94% of enterprises today. Tens of billions of new devices are being connected to The Internet of Things. And Big Data is driving this bus. An exponential increase is...
Sep. 27, 2016 08:15 AM EDT Reads: 2,608
An IoT product’s log files speak volumes about what’s happening with your products in the field, pinpointing current and potential issues, and enabling you to predict failures and save millions of dollars in inventory. But until recently, no one knew how to listen.
In his session at @ThingsExpo, Dan Gettens, Chief Research Officer at OnProcess, will discuss recent research by Massachusetts Institute of Technology and OnProcess Technology, where MIT created a new, breakthrough analytics model f...
Sep. 27, 2016 08:00 AM EDT Reads: 1,980
In his session at @DevOpsSummit at 19th Cloud Expo, Robert Doyle, lead architect at eCube Systems, will examine the issues and need for an agile infrastructure and show the advantages of capturing developer knowledge in an exportable file for migration into production.
He will introduce the use of NXTmonitor, a next-generation DevOps tool that captures application environments, dependencies and start/stop procedures in a portable configuration file with an easy-to-use GUI. In addition to captu...
Sep. 27, 2016 08:00 AM EDT Reads: 1,088
More and more companies are looking to microservices as an architectural pattern for breaking apart applications into more manageable pieces so that agile teams can deliver new features quicker and more effectively.
What this pattern has done more than anything to date is spark organizational transformations, setting the foundation for future application development. In practice, however, there are a number of considerations to make that go beyond simply “build, ship, and run,” which changes ho...
Sep. 27, 2016 08:00 AM EDT Reads: 2,466
"We have several customers now running private clouds. They're not as large as they should be but it's getting there. The adoption challenge has been pretty simple. Look at the world today of virtualization vs cloud," stated Nara Rajagopalan, CEO of Accelerite, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Sep. 27, 2016 08:00 AM EDT Reads: 2,166
A strange thing is happening along the way to the Internet of Things, namely far too many devices to work with and manage. It has become clear that we'll need much higher efficiency user experiences that can allow us to more easily and scalably work with the thousands of devices that will soon be in each of our lives.
Enter the conversational interface revolution, combining bots we can literally talk with, gesture to, and even direct with our thoughts, with embedded artificial intelligence, wh...
Sep. 27, 2016 08:00 AM EDT Reads: 3,642
SYS-CON Events announced today that Tintri Inc., a leading producer of VM-aware storage (VAS) for virtualization and cloud environments, will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Tintri VM-aware storage is the simplest for virtualized applications and cloud. Organizations including GE, Toyota, United Healthcare, NASA and 6 of the Fortune 15 have said “No to LUNs.” With Tintri they mana...
Sep. 27, 2016 08:00 AM EDT Reads: 2,773
Ask someone to architect an Internet of Things (IoT) solution and you are guaranteed to see a reference to the cloud. This would lead you to believe that IoT requires the cloud to exist. However, there are many IoT use cases where the cloud is not feasible or desirable.
In his session at @ThingsExpo, Dave McCarthy, Director of Products at Bsquare Corporation, will discuss the strategies that exist to extend intelligence directly to IoT devices and sensors, freeing them from the constraints of ...
Sep. 27, 2016 07:45 AM EDT Reads: 2,479
The Internet of Things will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform and how we integrate our thinking to solve complicated problems.
In his session at 19th Cloud Expo, Craig Sproule, CEO of Metavine, will demonstrate how to move beyond today's coding paradigm ...
Sep. 27, 2016 07:45 AM EDT Reads: 3,232
From wearable activity trackers to fantasy e-sports, data and technology are transforming the way athletes train for the game and fans engage with their teams.
In his session at @ThingsExpo, will present key data findings from leading sports organizations San Francisco 49ers, Orlando Magic NBA team. By utilizing data analytics these sports orgs have recognized new revenue streams, doubled its fan base and streamlined costs at its stadiums.
John Paul is the CEO and Founder of VenueNext. Prior ...
Sep. 27, 2016 07:30 AM EDT Reads: 2,955
As organizations shift towards IT-as-a-service models, the need for managing and protecting data residing across physical, virtual, and now cloud environments grows with it. Commvault can ensure protection, access and E-Discovery of your data – whether in a private cloud, a Service Provider delivered public cloud, or a hybrid cloud environment – across the heterogeneous enterprise.
In his general session at 18th Cloud Expo, Randy De Meno, Chief Technologist - Windows Products and Microsoft Part...
Sep. 27, 2016 07:15 AM EDT Reads: 2,786
Technology vendors and analysts are eager to paint a rosy picture of how wonderful IoT is and why your deployment will be great with the use of their products and services. While it is easy to showcase successful IoT solutions, identifying IoT systems that missed the mark or failed can often provide more in the way of key lessons learned.
In his session at @ThingsExpo, Peter Vanderminden, Principal Industry Analyst for IoT & Digital Supply Chain to Flatiron Strategies, will focus on how IoT de...
Sep. 27, 2016 07:15 AM EDT Reads: 1,114
Digitization is driving a fundamental change in society that is transforming the way businesses work with their customers, their supply chains and their people. Digital transformation leverages DevOps best practices, such as Agile Parallel Development, Continuous Delivery and Agile Operations to capitalize on opportunities and create competitive differentiation in the application economy.
However, information security has been notably absent from the DevOps movement. Speed doesn’t have to negat...
Sep. 27, 2016 07:00 AM EDT Reads: 2,178
IoT offers a value of almost $4 trillion to the manufacturing industry through platforms that can improve margins, optimize operations & drive high performance work teams. By using IoT technologies as a foundation, manufacturing customers are integrating worker safety with manufacturing systems, driving deep collaboration and utilizing analytics to exponentially increased per-unit margins.
However, as Benoit Lheureux, the VP for Research at Gartner points out, “IoT project implementers often ...
Sep. 27, 2016 06:45 AM EDT Reads: 3,322
So, you bought into the current machine learning craze and went on to collect millions/billions of records from this promising new data source. Now, what do you do with them? Too often, the abundance of data quickly turns into an abundance of problems. How do you extract that "magic essence" from your data without falling into the common pitfalls?
In her session at @ThingsExpo, Natalia Ponomareva, Software Engineer at Google, provided tips on how to be successful in large scale machine learning...
Sep. 27, 2016 06:30 AM EDT Reads: 1,840