This is evident within the field of telecommunications. The amount of mobile data is growing fast. For a telecommunication operator, this provides means of getting more information of specific subscribers… Big Data for Development:
Connie LaSalle Cisco Systems Forty years ago, the queen of England became one of the first individuals, and the first head of state, to transmit real-time electronic data over national borders.
This chapter explores the impact of the free flow of data across national borders on innovation and growth. First reviewed is the literature on the impact of cross-border data flows on countries, companies, and individuals. The chapter then presents an original analysis of the growth of new services built on the free flow of trade through global digitization, and concludes by discussing policy guidelines that mitigate national concerns over data transmission while simultaneously maximizing the benefits of cross-border data flows.
The growth of global digital industries and their national economic impacts The development of the commercial Internet has occurred concurrently with a massive expansion of the global economy, which has experienced 6.
It allows the sharing of ideas and information and the dissemination of knowledge as well as collaboration and cross-pollination among individuals and companies.
Internet-enabled innovation requires an environment that encourages individuals to experiment with new uses of the Internet. In places with severe restrictions that inhibit digital collaboration, people are less likely to experiment and, as a result, innovation is less likely to emerge.
The impact of cross-border data flows: Firms and the engine of economic activity Cross-border data flows acutely impact the ability of firms to conduct business internationally.
In a recent report, Business Roundtable identifies at least six different areas of activity whereby firms may transmit data across national borders to support business operations.
These include interconnected machinery, big data analytics, back-office consolidation, supply-chain automation, digital collaboration, and cloud scalability.
Companies improve processes and optimize efficiency by interconnecting elements of the production chain, such as real-time monitoring of capital equipment to reduce downtime or to be able to prepare for immediate service replacements.
Companies collect data gathered from various, or all, aspects of their operations across regions and apply advanced statistical analysis to be able to make better decisions, both for the business and for customer satisfaction. Companies centralize standard business operations to take advantage of economies of scale e.
Companies track inventory levels, process reordering automatically, and match supply and demand. Companies increase communication and collaboration between teams.
Companies lower capital expenditure and cost structure of information technology IT hardware, infrastructure, software, and applications, all provided as a service, and they reduce capital investment in idle capacity, thus lowering the total cost of ownership and increasing business agility and resilience to failures.
Cross-border flows data and voice, in particular reduce costs related to both trade and transactions. This includes customer engagement finding and fulfilling orders as well as other operational costs associated with doing business.
Furthermore, those small- and medium-sized firms that are online are almost as likely to export as large businesses. For example, Unilever, the consumer goods company with overemployees and operations across countries, has developed a global enterprise data warehouse wherein it collects information from all of its operations to deliver full visibility into the entire system.
The primary objective of this effort was to compile a comprehensive consumer database, enabling analysis at the most granular level possible. When customers and Cisco employees confront challenging hardware or software problems, technical experts are able to log in remotely, run diagnostic tools, and exchange data to and from one another seamlessly.
This type of business activity fundamentally relies upon the free flow of data. Moreover, when trade flows between businesses are curtailed, innovation may decelerate through the interruption of technology transfer or through the reduction of competition-driven development, which is why the uninhibited exchange of data is increasingly critical to productivity and growth.
Individuals and entrepreneurs At the individual level, the ability to access cloud-based information provides significant benefit. Individuals are increasingly storing more of their personal information online.
Globally, consumer cloud storage traffic per user will be 1.
New entrepreneurs also benefit from access to infrastructure, platforms, and software from cloud-based services, which may reside in other countries. These include applications, data, middleware, operating systems, virtualization, servers, storage, and networking capabilities or equipment.
Because of the ability to access these services on a pay-as-you-go model rather than committing to a large initial capital investment, the financial barriers to new business entry have fallen significantly.
These improvements to the overall digital economy represent a potential annual GDP upside of 0. The figure suggests that countries with higher Freedom on the Net scores are better poised to benefit from potential value at stake from digitization.
In other words, those countries and companies that have not positioned themselves in an environment that fosters open Internet practices may find innovation and economic growth hampered.
Risks related to cybersecurity also slow innovation, as demonstrated by new Cisco survey research, wherein senior executives have determined that cybersecurity concerns have forced their companies to drop some mission-critical projects.Get the latest science news and technology news, read tech reviews and more at ABC News.
Information Technology Courses at Ashford University. Become fluent in the growing field of Information Technology. These courses form the core of the Bachelor of Science in Information Technology program at the Forbes School of Business & Technology.
Increase your earning potential, job security, and opportunities for advancement by earning your bachelor’s degree in information technology. Information Technology Courses at Ashford University. Become fluent in the growing field of Information Technology. These courses form the core of the Bachelor of Science in Information Technology program at the Forbes School of Business & Technology. Box 1: Firms’ uses of cross-border data flows. In a report, Business Roundtable—an industry group representing companies with $ trillion in annual revenues and 16 million employees—identified the following six mechanisms by which cross-border data flows drive business benefits to firms.
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