30
OPINION
The backbone of the
economy
become the new global currency way they store and transmit information and data. This is
creating new ways of conducting business, disrupting old
operating models and paving the way for modernisation
in all spheres of the business ecosystem. As a result of this,
data is becoming the new global currency and is quickly
growing to be more inextricably woven into the fabric of the
new global economy.
As the digital economy continues to grow, its dependency
on computer technologies and data processing is becoming
increasingly critical to everyday functionality. Processes such
as customer service, transport, logistics and communication
to name but a few, are increasingly reliant on data in order
to operate.
Over the past four decades, there has been a gradual but
progressive evolution in the digitisation of every industry
and corner of the world. In this relatively short period
of time, this evolution has significantly transformed
societies and the global economy. Many industries such
as healthcare, transport, e-commerce, the financial sector
and more have been digitally transformed, changing the Data-driven industries
The healthcare industry, for example, has significantly
transformed with digitalisation and now provides greater
quality and accessibility through innovative digital medical
technologies like minimally-invasive surgeries, enhanced
patient monitoring systems and more accurate scanning
equipment. These technologies have allowed patients to
experience advanced healthcare, which supports them on a
quicker road to recovery.
By Denon Amen Yuyu
Osunde, Application Engineer,
HUBER+SUHNER
www.hubersuhner.com
As industries and economies go
through the digitalisation, data has
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