The economic role in ICT of Information and Communication Technology (ICT) in a depressed economy is important for economic recovery and growth. It enables innovation and efficiency, helping businesses, governments, and communities to overcome stagnation.
By facilitating access to information, enhancing communication channels, and improving operational efficiencies, ICT (Information and Communication Technology) can, therefore, lead to significant improvements in productivity and competitiveness, particularly even in challenging economic climates.
As an economic role in ICT; ICT helps access information using cloud computing. Furthermore, cloud services let businesses store data remotely, thereby enabling collaboration and remote work. Consequently, employees in different countries can work together in real-time, ultimately boosting efficiency and productivity.
Improving operational efficiencies through ICT can reduce costs for businesses. Furthermore, automation tools like RPA can manage repetitive tasks, thereby allowing employees to focus on strategic activities. As a result, this enhances resource use and boosts the organization’s competitiveness.
Additionally, research highlights the potential of ICT to drive job creation and skill development as an economic role in ICT, particularly in sectors such as e-commerce, telecommuting, and digital services, which can attract both domestic and foreign investments.
ICT solutions can help underserved populations by giving access to markets, education, and healthcare. Policymakers recognize the economic role in ICT through digital growth and infrastructure.
In this comprehensive literature review, an in-depth analysis will be conducted to examine various case studies that highlight the significant contributions of Information and Communication Technologies (ICT) towards enhancing resilience, aiding in recovery efforts, and playing a pivotal economic role in promoting sustainable development. Through a detailed examination of these case studies, the review aims to shed light on the diverse ways in which ICT can positively impact communities, economies, and overall sustainability strategies.
THE ROLE OF ICT IN A DEPRESSED ECONOMY
January 14th, 2025 02:29 pmcontentcreator
