As per media reports, dated August 28, 2020, a study by management consultancy Boston Consulting Group (BCG) and impact investor Omidyar Network India (ONI) states that platformisation and National Open Digital Ecosystems (NODEs) can unlock economic opportunities worth US$ 700 billion for India, since conversations about digital public infrastructure have started to gain momentum. For instance, Aadhaar, Unified Payments Interface (UPI) and recently launched Open Credit Enablement Network (OCEN) that provides platformisation and opportunities for private firms.
Before 2030, 10 potential NODEs can collectively create new value worth US$ 500 billion and generate US$ 200 billion in savings in sectors like health, jobs, agriculture, etc., and can help close to 50-80 million additional jobs, lead to 1.5 time increase in farmer’s income, 20 million more SMEs, and help 15-25 million students to continue education. This ecosystem consists of three layers: technology, community and governance. The technology layer has made great progress with innovation around Aadhaar and UPI, but we have to go a long way in the journey of the governance and community layers. Digital ecosystem must integrate these layers to understand its full potential. Proper regulation on data privacy and security are the next important steps.
Personal Data Protection Bill is an important and essential step, taken by the government. The government is working towards creating newer online digital ecosystems across various sectors. For agriculture, there is IndEA Digital Ecosystem for Agriculture (IDEA); for healthcare, National Digital Health Blueprint besides a unique Health ID for every citizen provided by the National Digital Health Mission; for education, the DIKSHA portal for teachers; and for trade, a CHAMPIONS portal, launched by the Ministry of MSME.
Last but not the least, there is registry, from which different digital ecosystems can draw to avoid from working in isolation.
Courtesy: livemint.com
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