In this case, investing in data is crucial for developing economies. Hence—over time—different organisations such as the World Bank (WB) and the World Economic Forum (WEF) have rallied for the utilization of data and promoting data democratization for effective development planning.
The value of data is vast and elongates further especially in emerging economies. According to a January 2021 publication by WEF, there are more things to explore when it comes to data and Africa has been painted as one of the interesting places on the planet with sufficient opportunities.
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