Digitisation is the process by which technology lowers the costs of storing, sharing and analysing data. Digitisation fundamentally changes economies and the way societies operate, and in this new age, it has become the key driver of entrepreneurial innovation, productivity, job creation and facilitation of regional economic activity.
Societies have always improved their living standard and managerial competencies by the acquisition of new knowledge, and the analysis of data has always played a significant role in aiding the government to make informed decisions, leaders to draft sound policies and businesses to undertake valuable investments. But the acquisition, storage, sharing, transmitting and analysing of data have always been expensive and a bit elusive. What technology now provides, and what benefit digitisation gives in relation to data is the cost-effective opportunity to fully exploit and optimise the untapped resource of aggregated and integrated big data.
Digitising an economy, building the needed infrastructure with its relevant applications, and implementing it extensively has wide implications on economic growth, business activities, consumer behaviour and governance in general. Mass adoption of connected digital services by consumers, enterprises, and governments can boost economic output and spur income generation and entrepreneurial activities even in an unfavourable global economic climate like what Covid- 19 and its consequences has created.
Nations do not have digitisation as an option, it is imperative. It is the foundation for economic efficiency and effectiveness in a post- covid era, and without it developing economies will either miss the opportunity to catch up or the capacity to even survive.
The Vice President of the republic, Dr Bawumia, and probably the “president” for digitisation efforts in Ghana, will speak on the country's digitisation agenda, the journey so far, the perks and the pitfalls- and how Ghana’s future is so connected with the digitisation of our economy.
TECHCOBA as the primary technology community with a political voice in the country expects mentions today about; Ghana's digitisation strategic plan, the digitisation infrastructure, and emerging digitisation applications and their implementation details. We also envisage the Vice president putting a higher focus and emphasis on the private sector and the entrepreneurial ecosystem as the catalyst that binds these governmental efforts into tangible results for the ordinary Ghanaian.
Technology and digitisation are not ends, they are a means to better economic output and outlook for the citizens. Ghana seems to be on the right path in our digitisation drive, ahead in the sub-region and is beginning to experience meaningful effects on the economy.
TECHCOBA believes digitisation therefore should not be part of Ghana’s economic agenda, it must become its main agenda. Every other economic plan should be seen from the lens of a digital economy, the very foundation of a future and a functional Ghana should be digitisation.
And even of far more importance, the choice for the next leader of our country should be based on their understanding, legacy, vision and cogent plans for a digital economy. This is because, without digitisation of the economy, Ghana will never have a data-driven or transparent economy; key pillars for building the "core" of a healthy, prosperous and entrepreneurial nation.
After the Vice President speaks at Ashesi University tonight, 2nd November, 2021, TECHCOBA will examine, and do an analysis of the key details and share our objective view. Thank You