The economic benefits of big data are no longer just hype—but many developing economies are set to miss out on them, according to a new report from the World Economic Forum.
Data sets are “a new form of asset class,” which, with the right analysis, can be translated into economic wealth, say the authors of the 13th Global Information Technology Report. But many countries in the world lack the technological infrastructure, social environment, or both, needed to capitalize on them. Wealthier nations continue to build new infrastructure that will widen the use of information and communications technologies (ICT). But the report says many developing and emerging economies remain “comparatively stagnant” when it comes to such investments.