Sponsored by Partner Content Every dollar invested in digital technology can bring $8.3 back to a country’s economy, but economic gaps may widen without policy intervention, according to Huawei. The tech giant highlighted these findings from its new Global Digitalization Index (GDI) at GITEX Dubai last week, where it also unveiled plans to broaden digital access. The report predicts digital technology and AI will drive 70% of global economic growth over the next five years. However, Huawei warns that while some countries are pouring resources into their digital future, others increasingly lag behind. "We are moving ever faster towards the intelligent world," said David Wang, Huawei’s executive director. "But the extent to which each country benefits from its ICT industry depends on how advanced that industry is." From 2019 to 2023, highly digitalized nations increased their tech investments 18 times faster than less developed countries, the report found. The GDI measures ICT development across 77 countries that make up 93% of global GDP and 80% of the world’s population. The report divides these countries into three categories: "Frontrunners," "Adopters," and "Starters," based on their level of ICT maturity and economic development. In Frontrunner countries, a one-point increase in the […]
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