WHEN it comes to digital transformation, Hong Kong is surging ahead. Ranked fourth — only behind Singapore, South Korea, and Japan — in the Asian Digital Transformation Index, Hong Kong is one of the leading economies thriving on new-age, digital capabilities.
WHEN it comes to digital transformation, Hong Kong is surging ahead.
Ranked fourth – only behind Singapore, South Korea, and Japan – in the Asian Digital Transformation Index, Hong Kong is one of the leading economies thriving on new-age, digital capabilities.
One study projects digital transformation will add US$9 billion to the territory’s GDP in the next three years, as well as increase the economic growth rate by 0.5 percent every year.
The study also finds that product and services created by using digital technologies such as cloud computing, Internet of Things and artificial intelligence made a 5 percent contribution to Hong Kong’s GDP last year, and expects that value to grow to 60 percent by 2021.
Progressive government policies and a vibrant market have lead to the dramatic acceleration of technological adoption by enterprises and agencies alike.
The local government was intent on harnessing the full potential of digital technology to enhance Hong Kong’s standing as an economic powerhouse in the region.
