Digital platforms and data flows are influencing the scale, growth and operation of businesses worldwide. The digital economy contributes up to 8% of G20 countries’ GDP, and that figure is set to rise, according to data published by the European Commission in 2016.
This is part of an ongoing seismic shift in the commercial world: the emergence of new products, services and business models; changes to global trade and value chains; increasing connectivity between businesses; and greater mobility and collaboration.
For entrepreneurs, this digital disruption brings both risk and opportunity. However, navigating and embracing this upheaval is far from straightforward.
At the same time, global changes in demographics, the decline of labor-intensive industries, and stubbornly high levels of youth unemployment mean that creating the conditions for young entrepreneurs to thrive and build job-creating businesses is a top priority for governments around the world.