The Governor Of The Central Bank Sets The Conditions For Engaging In The Digital Technical Revolution, 21 DEC

 The Governor Of The Central Bank Sets The Conditions For Engaging In The Digital Technical Revolution

Wednesday 20, December 2023 14:40 | Economical Number of readings: 329  Baghdad / NINA / Today, Wednesday, the Governor of the Central Bank, Ali Al-Alaq, set the conditions for engaging in the digital technical revolution. While he pointed out that purging state institutions of corruption is fundamentally linked to the use of information technology, he stressed that providing data and information at the state level maximizes state revenues.

Al-Alaq said at the annual international scientific conference held under the auspices of the Minister of Finance: “The Financial and Accounting Training Center continues its efforts to cover basic and important aspects that represent the most important framework in aspects related to economic issues, especially in public finance and monetary policy,” indicating that “we are now in the midst of the fourth revolution.” Which was called at the Davos Conference in 2016 after the first, second and third industrial revolutions.

He added, “This fourth revolution is based on the pillars produced by the third revolution, which was represented by digitization and the use of the Internet in various fields, which changed many aspects of practices at all levels,” noting that “the fourth revolution is a revolution at the individual and societal levels, and it takes on broad dimensions that change everything.”

Today, many practices and trends are heading towards another world, through ministries without papers and without visitors, digital transformation in health, education and various sectors, and the transition to artificial intelligence, robotics, smart cities and other aspects that are expanding every day.”

He stressed that “reality indicates that we are far from the fourth revolution, and in the beginnings of engagement in the third revolution due to all the circumstances that the country has gone through and is going through,” pointing out that “the third revolution is a digital, technical revolution that has dimensions in organizing various aspects, and has broad economic and social effects.” ‘

And great, we are still finding the way for this revolution to take on its technical fields in agriculture, industry, trade, environment, education, health and other aspects that require a technical dimension that can carry out the process of managing these matters and these fields and sectors in another way.”

He stated, "We are still in the simple framework of digitization, which attempts to set the rules for work frameworks in their technical form, as this description and identification of what we are is very necessary in drawing the necessary steps and procedures to take the correct path," explaining that "engaging in the technical digital revolution requires a number of... Among the conditions that must be worked on and established in our reality so that we can actually be part of these transformations, including:

 First : eradicating technical illiteracy, in which we need to increase technical awareness and expand its fields, starting with education in all its stages to a higher level in our various institutions and sectors.

State institutions are making progress in engaging in this trend, as we undoubtedly have a broad government and large authorities and agencies that include many formations dealing with different fields and are crowded with human resources. Therefore, institutions must be a model and role model in using these technologies to the highest possible degree, especially since they complain There are many negative phenomena in the performance of its work, in the organization of its activities, in its efficiency, and in its outputs, and it has solutions, which are technical solutions.”

He continued, "Cleansing state institutions of corruption is largely and fundamentally linked to the use of techniques and information technology to reshape the relationship between the institution, society, and the individual, which removes many areas that are the cause of institutional confusion, performance, corruption processes, weakness, or delay in the various procedures related to what these institutions provide." Institutions,” explaining that “employing information technology in state institutions is very necessary.”

Third: It is necessary to provide the infrastructure for this transformation, especially within the framework of communications, in terms of speed, cost, and service availability at the best possible, because it is a necessary condition for the success of technological work. Fourth:

Allocating financial and human resources to stimulate innovation in this framework, which is described as not being a focus area. In general planning, this is observed in the state’s general budget and elsewhere, while what is required is for this aspect to have an exceptional focus and sufficient allocations.”

He stated that “when the government structure was reconsidered years ago, two important ministries were abolished at the time, namely the Ministry of Science and Technology and the Ministry of Environment,” explaining that “the Ministry of Environment was restored, but the abolition of the Ministry of Science and Technology contradicts the developments and desired goals of focusing on this aspect and embracing all energies.” that can work in this direction.

He continued, "The companies that operate within this framework are the most profitable in the world, and we have human resources and young energies that deserve to have a role in stimulating and developing this important aspect."

Fifth: Coordination between state institutions within an integrated framework of information and data. The outputs of each institution must be transformed into inputs for another institution to integrate data and information to benefit from them with correct planning.

He stated that "providing data and information at the state level represents the sound and correct basis for planning, organizing, and controlling the economic sectors that contribute to increasing gross domestic production and maximizing state revenues," pointing out that "the non-oil deficit exceeds 80 percent."

He stressed that "the Central Bank is the institution that most uses and benefits from modern and digital technologies," stressing "the necessity of stimulating and developing the development of these trends to regulate the work of the Central Bank."/https://ninanews.com/Website/News/Details?key=1096454