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Explore the role of Digital Trust in the rapidly evolving ICT sector. Learn about the importance of technical standardization and how it impacts economical and societal progress.
As Information and Communication Technology (ICT) continuously shapes our daily lives and the global economy, the need for Digital Trust becomes paramount. This guide explores Smart ICT, its economic potentials, and the crucial role of Digital Trust in this dynamic landscape. Furthermore, we delve into the importance of technical standardization as a catalyst for Digital Trust in Smart ICT sectors like Cloud Computing, Big Data, and Internet of Things.
The digital economy, driven by Smart ICT, is rapidly growing, thanks to technologies like Ubiquitous Computing, Cloud Computing, and Big Data. The ICT sector, particularly in Luxembourg, has consistently innovated, creating new and enhancing existing societal, market, and business activities.
The advancement in ICT creates a plethora of opportunities, ranging from the emergence of Smart Cities and Smart Grid to Data Digitization. However, for these opportunities to be fully harnessed, a common technical language must be clearly defined, and technical standardization becomes key for such convergence.
The ICT sector is extremely competitive, as organizations strive to create interoperable devices equipped with the latest technology. This White Paper emphasizes the importance of strong Digital Trust principles to drive success in the current competitive climate.
The national standards body, ILNAS, will implement a robust technical standardization strategy, particularly for the ICT sector. This will be done in conjunction with research initiatives and the necessary education about ICT technical standardization at the national level.
Considering the economic prospects of Smart ICT, there’s potential for significant ROI. However, these returns hinge on achieving technical convergence and securing Digital Trust.
While Smart ICT offers tremendous potential, it also comes with several risks, including threats to digital security. Building Digital Trust is thus a critical risk mitigation strategy.
Successful implementation of the strategies outlined in this guide could see Luxembourg continue to thrive as a force multiplier for the economy and the ICT sector in particular.
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