The promises of digital transformation

Secretary-General of the OECD

OECD

The digital transformation is not new, but the pace of change has quickened, with our hyperconnected societies generating huge volumes of data of all kinds.

This flood of data is transforming value generation, decision-making and production, similarly to how new materials or the advent of combustion engines transformed economies and societies in past eras.

This transformation brings countless opportunities to improve well-being, from health care to education to the environment. The smartphone in your pocket can use AI to detect possible health issues, or speech recognition to offer on-the-spot translation. Camera-carrying robots can inspect the interior of oil pipelines, looking for fissures and averting environmental damage.

Read speech at https://oe.cd/2wJ

More on the OECD Going Digital Summit: http://www.oecd.org/going-digital/summit/




Economic data

GDP growth: +0.5% Q2 2019 year-on-year
Consumer price inflation: 1.9% August 2019 annual
Trade: +0.4% exp, -1.2% imp, Q1 2019
Unemployment: 5.1% August 2019
Last update: 9 September 2019

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