This McKinsey Global Institute report investigates a new force in the global exchange: data. The amount of cross-border bandwidth that is used has grown 45 times larger since 2005. In addition to transmitting valuable streams of information and ideas in their own right, data flows enable the movement of goods, services, finance, and people. Virtually every type of cross-border transaction now has a digital component.
Value for Dubai
The Dubai Data Initiative is an ambitious and comprehensive program organising the opening, sharing and exchange of data on an unprecedented scale. Understanding the dynamics of the global flow of data, with its parallel to global market exchanges will be important to Dubai's approach and positioning as a leader in the new data economy.