Role of Internet Penetration in Economic Development
Frost & Sullivan’s Demography, Education, Energy, Political Will, Knowledge, Innovation, and Collaboration (D.E.E.P-K.I.C) index helps in understanding the need for bridging the digital divide. Based on the D.E.E.P-K.I.C index scores, the countries are divided into five groups and a prescriptive approach has been provided for their Internet-led economic development.
Increase in Internet penetration can create significant growth in important sectors such as education, healthcare, energy, and governance in an economy. The top countries in each D.E.E.P-K.I.C country group are listed by the sector in which the Internet will produce maximum growth by 2025.
About this report
The information technology and mobile phone revolution is bringing much needed economic change to emerging countries. However, the pace of growth requires rapid acceleration. As of 2014, 60% of the global population did not have access to the Internet—with 56% out of this 60% living in emerging countries. The study examines the need for a collaborative approach between the public sector, private sector, consumers, and non-governmental organizations to achieve an inclusive information society by means of complete commitment to each constituent’s respective role. Successful bridging of the digital divide in a country will have positive effects across different sectors such as education, healthcare, energy, and governance.
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