Distance education via e-learning, access to financial services via mobile banking, a better understanding of health and well-being via personal wearable devices, direct access by producers to overseas buyers via apps, and optimised outputs for farmers and mine operators via IoT sensors in agricultural soil and remote mines. For some people in developed nations, this is their everyday life. But for PNG, this is the digital future that its people are aspiring for. This is just one part of our digital future.
How can we create a digital future in an economy where less than 20% have access to 3G/4G services?
What must we do to ensure that everyone in PNG can experience its benefits?
PNG business confidence has grown since 2016 with 71% of PNG business leaders in 2018 confident on their organisation’s revenue growth prospects over the next 12 months. Business confidence is reflected in investment intentions with more than half planning an investment increase while almost a third will maintain current levels.
But what is driving business optimism and what are businesses investing in?
In a recent PwC study of digital operations in companies across 26 countries, we noted a range of activity separating novices, followers and innovators from real digital champions. Where in the digital spectrum would PNG businesses lie?
We asked business leaders to assess their competitiveness against rivals, probing their views on what digital means to them in PNG.
Getting the right people, with the right skills and the right mindset is key to transitioning from manual to more automated, low-data to high-data, physical to digital interfacing jobs.
Access to basic connectivity is key to realising PNG’s digital future.
The potential of e-commerce and mobile platforms to increase access to information, connect rural enterprises to new markets, empower the participation of women in the formal economy, and facilitate remote education and the delivery of healthcare services has been proven in other economies.