Digital economy to be worth over 0 trillion by 2025: WEF

DAVOS: The combined value of digital transformation — for society and the industry — could be greater than $100 trillion over the next 10 years, according to a new research by the World Economic Forum (WEF).The research, which is part of the Forum’s Digital Transformation of Industries (DTI) project, focuses on the “combinatorial” effect of digital technologies — mobile, cloud, artificial intelligence, sensors and analytics, among others.Examples of societal value generated by digitisation include mass adoption of autonomous vehicles and usage-based car insurance, which could save up to 1 million lives a year worldwide by 2025.In the electricity sector, a cumulative reduction in carbon emissions worth $867 billion by 2025 could be achieved through adoption of digital technologies.”Society and environment stand to gain the greatest share of the rewards from…


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