UAE among world’s stand out digital economies
The Fletcher School at Tufts University, in partnership with Mastercard, a leading technology company in the global payments industry, today unveiled the Digital Evolution Index 2017. The comprehensive research tracks the progress that countries have made in developing their digital economies and integrating connectivity into the lives of billions.
The research identifies the United Arab Emirates along with Singapore, the United Kingdom, New Zealand, Estonia, Hong Kong and Japan as ‘digital elites’, characterised by high levels of digital development and a fast rate of digital evolution. With momentum and innovation on their side, these ‘Stand Out’ markets exemplify the sweet spot of advancement and 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 measures 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 etc.).
Combining the pace and state of digital advancement, the research puts the UAE in the ‘Stand Out’ category with the state demonstrating high levels of digital development while continuing to lead in innovation and new growth.
Source: Emirates 24/7
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