The Digital Economy National Program Takes into Account the Fast Pace of Technological Development

1 november 2018

The Digital Economy national program takes into account the fast pace of change in business models and anticipates modern challenges. That's according to the First Deputy of the Head of the Analtyical Center Gleb Pokatovich who spoke at the GSMA Mobile 360 Series – Russia& CIS 2018 conference.

"Everything that business, the expert community and the state think about the digital transformation of Russia has found its way into the Digital Economy national program. The program is not a static document but rather a foundation on which new business models are being created and implemented, which should allow our country to become a global leader," Mr. Pokatovich stressed.

The national program comprises 6 federal projects: regulation of the digital environment, information security, information infrastructure, digital state governance, human resources for the digital economy, digital technologies. "These span a broad range of relevant issues including the development of specific technologies such as the Internet of Things," Mr. Pokatovich explained.

At the moment leading research companies working on the development of the IoT market are offering a large amount of static data about the physical parameters of the Internet of Things. These include information about the number of devices, estimates of traffic growth, the share of traffic that each kind of devices had etc. "However, if we look at the financial and economic estimates of the contribution of the industries that are going to monetize using the Internet of Things, thus translating into economic growth or total economic output, they are far less impressive," Mr. Pokatovich noted. According to Mr. Pokatovich one of the reasons for that is that analysts may be cautious about making 'extreme' financial forecasts.

"The forecasts do not take into account synergy and multiplicative effects that we are all expecting to see but don't yet fully understand how to generate and measure them," he concluded.