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Asian Economies under Digital Transformation!

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The digital revolution is helping companies and entrepreneurs to thrive. From 4G mobile technology to smart manufacturing technologies and fibre broadband, Asian Economies are leaving no stone unturned to ensure that they are creating the right environment for businesses and entrepreneurs to thrive.

‘2018 Asian Digital Transformation Index (ADTI)’ by the ‘Economist Intelligence Unit (a British business within the Economist Group providing forecasting and advisory services through research and analysis)’, the objective of which is to compare digital transformation progress of countries, says the gap between Asia and the West has reduced since 2016.

According to the ‘2018 ADTI’, leading the charge is Singapore, followed by Hong Kong, Japan, South Korea, Taiwan, Malaysia, India, Mainland China, Thailand, Indonesia, and the Philippines.

Besides the availability of reliable, fast, and affordable digital connectivity, Singapore’s performance also has to do with its continuing clarity of digital vision and consistent implementation of ICT development plans with the highest fibre-to-the-home (FTTH) and fibre-to-the-building (FTTB) take-up rates of the Index economies.

For India, this is partly a reflection of rising investment in ICT infrastructure, and accelerated adoption of mobile broadband services and effective implementation of government policy have resulted in improvement in Japan.

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