ICT Measurement From Information Society to Digital Economy

Abstract

Information and communication technology has become a major driver of changes in economic, social, public, and private life. Higher speed internet, lower unit prices and smart devices have favoured new and more data-intensive applications. Technology development enables radical changes in business models and creates a background for a new economic paradigm – the digital economy. Identification of key trends in and analysis of digital transformation processes requires reliable statistical data and indicators. Development of relevant international statistics plays a vital role here hence, via establishing and updating harmonised standards. The measurement concepts are to be based on statistical standards covering definitions, classifications, and data collection methodologies ensuring cross-country data comparability. It requires novel methodologies and data collection tools involving alternative data sources. The objective of this paper is to present a systemic overview of established methodological standards as well as new trends towards measuring the digital economy.