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OECD Digital Economy Outlook 2024 (Volume 1)

Embracing the Technology Frontier

image of OECD Digital Economy Outlook 2024 (Volume 1)

The OECD Digital Economy Outlook 2024, Volume 1: Embracing the Technology Frontier provides new insights on key technologies that underpin the digital technology ecosystem and their impacts. Using big data and machine-learning techniques, Volume 1 provides new estimates of the growth rate of the ecosystem’s core – the information and communications technology (ICT) sector. It then looks toward the technology frontier with perspectives on the future of artificial intelligence (AI) and how it can be shaped into a positive force. Volume 1 also analyses how people, firms and governments are adopting digital technologies, offering insights into the scale and scope of digital divides and how to boost equal opportunity and inclusion. To that end, it looks at the critical need for next generation wireless networks to provide unlimited connectivity everywhere. Moving beyond the hype of immersive technologies, Volume 1 examines the proven ability of virtual reality (VR) to scale, while identifying its opportunities and risks. Finally, it shines a spotlight on mental health in digital environments, including those most at risk.

English Also available in: French

The growth outlook of the ICT sector

As digital technologies spread and their societal and economic impact deepen, the need for evidence-based policies increases. However, there is a lack of timely and cross-country comparable data on the growth of digital components of the economy. While the “digital economy” is no longer strictly confined to the information and communication technology (ICT) sector, the latter remains at its core and it is essential to supporting further digital innovation. This chapter presents the results of a nowcasting model that leverages online search data and machine-learning techniques to provide policy makers with up-to-date and comparable data on the economic growth of the ICT sector. These estimates can help shed light on how this sector is performing today, which will help inform policy decisions that impact this vital sector of the economy in the future.

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