Technology has reshaped businesses, industries, and economies. Digital economy describes the range of economic and social activities that are enabled by information and communication technologies (ICT). It also presents a continual flux in the texture of the private sector; as business models become driven by data their economic structures change, industry boundaries blur, and the very basis of competition evolves.
The current Digital Transformation Landscape of Sri Lanka is fertile for opportunities that can create a systemic transformation, consolidating and improving upon existing efforts undertaken by all sectors. It is vital that the country focuses its attention on harnessing the powers of innovation, digital technologies and the ingenuity of young people (youth) to galvanize a steadfast pathway to achieving her development targets. The digital economy will bring new possibilities and opportunities as it transforms businesses, industries, jobs and lifestyles.
Therefore, ICTA’s Digital Economy Strategy looks to utilize existing programmes and all relevant partners in the ecosystem to develop and implement an integrated Digital Economy transformation in Sri Lanka that will pave the way for a thriving and effective digital economy, with higher operational efficiency, lower costs and better services and outcomes for its citizens.