About the Book: Introducing Global GovTech Industry
“Global GovTech Industry” by Dmitry Kaminskiy and Alexei Cresniov is a groundbreaking book that explores the transformative impact of GovTech on governance. It addresses challenges governments face in the digital age, emphasizing the role of technology and innovation. The book covers the evolution of technology in government, digital identity, and practical GovTech implementation, including real-time governance monitoring and cybersecurity. It also explores GovTech’s impact on the developing world and its potential in the global charity sector. Aimed at policymakers and citizens, the book provides insights into enhancing government efficiency and inclusivity. Pre-order your copy to be part of the GovTech revolution shaping our digital governance landscape.
About the Book: Introducing Global GovTech Industry
The winter of 2023 marks a pivotal moment in governance evolution amidst global uncertainties, conflict, and rapid technological advancements. As the world grapples with uncertainty, war, and rapid technological advancements, governments must rise to the occasion by embracing the power of GovTech. The global GovTech industry has emerged as a catalyst for transformative change, enabling governments to leverage cutting-edge technologies from digital identity and data science to AI and blockchain. GovTech represents a paradigm shift in how governments understand and engage with their citizens.
In this book, we embark on a journey to understand the state of GovTech in the modern world and explore its profound impact on governance. We delve into the concept of deep governance, tracing its evolution to the era of integrated government approaches, where technology becomes paramount for enhancing economies and improving citizens' quality of life. The COVID-19 pandemic has turbocharged the adoption of GovTech, revealing its potential to tackle pressing global challenges. We examine the accelerated GovTech adoption in the wake of the pandemic, emphasizing the importance of leveraging innovative technologies in crisis management and public service delivery.
As we venture deeper into the book, we investigate key facets of the global GovTech industry, shedding light on challenges, opportunities, trends, and projections that define the GovTech landscape. Digital transformation lies at the heart of GovTech, and we analyze its implications for governments worldwide. We explore the importance of digital identity in promoting secure, seamless, and trustworthy interactions between citizens and the government. Moreover, we unravel the intricate web of interconnected technologies reshaping governance and civic life in the digitization of everything.
In the age of the 4th and 5th Industrial Revolutions, we examine what good governance looks like and discuss how governments can adapt and thrive in this era of unprecedented technological advancement. We introduce the concept of Industry 5.0, a transformative vision for governance integrating emerging technologies to propel economic growth, stability, and prosperity. Gender equality and inclusivity are fundamental pillars, and we address the gender gap in GovTech, highlighting the importance of female leadership within the industry to empower governments with diverse perspectives.
The crux of GovTech lies in the transformative power of innovative technologies, exploring the role of AI, digitalization, and blockchain in propelling economic development for first-world countries. These next-generation technologies hold the key to transforming governmental operations and positioning nations at the forefront of the global stage. Data science and big data analytics play a pivotal role in effective governance, offering insights into how governments can harness the power of data for evidence-based decision-making and optimized public administration.
Regulatory technology (RegTech) has emerged as a critical component of the GovTech ecosystem, with potential for advancing transparent and efficient regulatory frameworks worldwide. Cybersecurity is an increasingly pressing concern for governments digitizing critical infrastructure, and we delve into advanced solutions defending against internal and external threats. As the line between physical and digital realms blurs, governments must prioritize cybersecurity for citizen safety and security.
The intersection of AI, data science, and government management presents exciting possibilities. We examine how these transformative technologies enable long-term scenario analysis and optimization of government decision-making. As we journey through the chapters, we explore the path towards GovTech 2.0 and the roadblocks that need overcoming, emphasizing transparency, accountability, and the profound impact of GovTech in the developing world.
Investment in GovTech is crucial for widespread implementation, and we analyze the GovTech investment landscape, shedding light on successful strategies and cautionary tales. GovTech implementation faces challenges, and we confront major roadblocks and practical issues governments face in embracing GovTech, discussing solutions to pave the way for successful adoption and integration into governance.
The realm of GovTech extends beyond traditional governance, exploring its potential to propel social impact in the developing world, repurpose technologies to improve the global charity industry, and foster digital, financial, and technological inclusion for all humanity. GovTech has the power to shape economic development and ensure equality for all. As we conclude our exploration of GovTech, I invite you to immerse yourself in the insights and knowledge within these pages. Embrace the power of GovTech and its potential to revolutionize governance. Together, let us unlock a new era of effective, citizen-centric governance that empowers individuals, enhances economic prosperity, and nurtures societal progress.
PART I: State of GovTech in Modern World
Today, people expect public services to use emerging technologies to reduce costs, increase efficiency, improve service quality, and, where possible, provide advanced services.
With rapidly changing societal expectations and advances in technology and technological human behaviour, the public sector will face challenges in the upcoming 5-10 years. Because of this, current technology trends in the public sector are becoming increasingly important.
Detailed Classification of GovTech Industry Sectors
GovTech Industry Ecosystem is a whole of government approach to public sector modernisation. GovTech sectors consist of different technologies and services, which have tools such as citizen feedback, complaint handling mechanisms, etc. Their activities focus on accountability tools (service charters and service standards) with enforcement and monitoring mechanisms, and the use of technology to advance government’s efforts at greater transparency.
Evolution of Government Trends
Technologies that improve organisations and people's lives are more important than ever before. Forward-thinking governments and organisations understand the technological forces around them and look for ways to harness them for the benefit of citizens and constituents alike.
The pandemic continues to pose unique challenges for governments: a health crisis coupled with massive economic disruption and unprecedented demands for social support.
The Organisation for Economic Co-operation and Development (OECD) has put it this way: ‘The biggest lessons of the crisis are that governments will need to respond to future crises quickly and at scale, while maintaining trust and transparency.’ Even as the pandemic reluctantly retreats, governments have begun to build for the future.
PART II - GOVERNMENT TECHNOLOGIES
Currently, the convergence of some of today's leading internet-connected technologies is spurring 4IR, which include:
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The Internet of Things
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Cloud computing
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Big Data
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Robotics
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Artificial Intelligence
One primary challenge that 5IR will bring is managing complexity.
5IR covers four main components, or vectors: DeepTech, MetaTech, SocieTech, and Finance. The figure right shows the compartmentalisation of the 5IR components.
PART II - GOVERNMENT TECHNOLOGIES. GovTech and Blockchain
Blockchain-based digital government can protect data, streamline processes, and reduce fraud, waste, and abuse by increasing trust and accountability. In a Blockchain-based model of government, individuals, companies, and governments share resources through a cryptographically secure distributed ledger. This framework eliminates a single point of failure and protects sensitive citizen and government data.
Government Use Cases
Proof of Title and Transfers
Verification of Documents
Self-Enforcing Contracts
Patent Protection
Administration of Welfare Benefits
PART II - GOVERNMENT TECHNOLOGIES. GovTech and Blockchain
Big Data has huge potential in the public sector. Its flexibility and versatility are two of its most attractive characteristics. In order to make important decisions that affect millions of people, governments must process the vast amounts of data they receive every day. Governments can use Big Data and analytics to gain key insights and improve transparency and efficiency in public administration.
Benefits of Big Data for Governments
Enhancing Productivity and Decision-Making
Eliminating Fraud, Waste, and Abuse
Transparency and Cost Reduction
Increasing ROI and Improving Mission Results
Reducing Crime and Security Threats
Workforce
Efficiency
PART II - GOVERNMENT TECHNOLOGIES. GovTech and Blockchain
IoT gives the public sector the opportunity to transform services through data, analytics and automation. In simple terms, the Internet of Things refers to any object connected to the Internet that allows data to be sent and received seamlessly. Once networked, data can be easily mined and analysed – more than enough to revolutionise the way public services are delivered to citizens.
PART III - GOVTECH IMPLEMENTATION
Outline of Topics:
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Making Government Management Transparent, Accountable, Auditable, Authenticatable, and Trustworthy via Data Science and AI
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A New Era of Citizen Rights and Responsibility: Technological Tools to Enable Full Transparency and Direct Accountability of Governments to 21st Century Citizens
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GovTech's Gender Gap: Propelling Female Leaders
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Propelling Female Leadership in GovTech
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COVID-19 as a Driver of Digital Governance Transformation
PART IV: GOVTECH IMPACT
Guest author Olawale Ogunlana,
Director of Deep Knowledge Philanthropy and Impact Activities
DeepTech for Deep Impact:
GovTech as the Critical Catalyst for Second- and Third-World Governments to Create the Biggest Social Impact
GovTech to Leapfrog Developmental Barriers and Obstacles in Developing and Underdeveloped Nations
APPENDIX A: Longevity Dashboards
Public Longevity Companies Investment Big Data Analytics Dashboard
The Public Longevity Companies Investment Big Data Analytics Dashboard represents a significant advancement in science and technology by addressing the growing need for comprehensive and actionable market intelligence in the longevity and aging industry. Traditional approaches to investment analysis in this field are often limited by manual research methods and lack real-time insights. This project seeks to overcome these limitations by leveraging big data analytics and cutting-edge technologies to gather, process, analyze, and visualize information from various sources. To ensure the accuracy and reliability of the data, the project team implemented a robust data cleansing process, taking into account factors such as data quality, completeness, and consistency. By employing state-of-the-art natural language processing techniques, the dashboard is capable of extracting and analyzing relevant information from an extensive range of textual sources, including news articles, scientific publications, financial reports, and social media platforms.
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Public Longevity Companies Investment Big Data Analytics Dashboard
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UK Longevity Governance Big Data Analytics Dashboard
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Longevity Finance Big Data Analytics Dashboard
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Longevity Investment Big Data Analytics Dashboard
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Global Longevity Governance Dashboard
Public Longevity Companies Investment Big Data Analytics Dashboard
APPENDIX B: Global AI-Driven GovTech Big Data Analytical System
and Dashboard
Companies can see all funding rounds from the GovTech companies in one place. They can also search the information by the organisation name or explore the catalogue of the founding rounds for all the companies in the DeepTech sector by clicking on the investor’s name for the investor profile details and pinning the investor to their watchlist. Investors can explore companies with unseen precision. Many investors can confirm that looking for a suitable investment target starts with the creation of the database.The one that suits their needs and allows them to ask the right questions. The dashboard allows investors to research public and private companies.
Global GovTech Big Data Analytics Dashboard
The Global GovTech Big Data Analytics Dashboard is a market intelligence and analytics solution designed for Governmental organisations looking to tap into the GovTech sector, for companies and investors operating in the industry that require the actionable solutions for market monitoring and competitors landscape mapping
APPENDIX C: GovTech in the UK Dashboard
Global GovTech Big Data Analytics Dashboard
The GovTech in the UK Dashboard is an innovative project developed by Deep Knowledge Analytics to provide investors and companies with a comprehensive and real-time analysis of the UK Government Technology sector. This project aims to serve as a powerful tool for investors, enabling them to locate and evaluate potential investment opportunities within the GovTech market. For companies, this dashboard provides valuable insights into the funding landscape, allowing them to stay up-to-date with the latest funding rounds and investor profiles.
Components include:
Mindmaps-Reports
Data Search Engine
Analytics Tools
APPENDIX D: Deep Knowledge Group Governance Activities
Longevity Investment Summit
at World Economic Forum in Davos
On 25 May 2022, Deep Knowledge Group General Partner Dmitry Kaminskiy delivered a keynote address on the current state and future of the Longevity Industry at the Davos Longevity Investment Summit during the World Economic Forum 2022.
Ecosystem 2030 Conference
On 2 June 2022, during the Ecosystems 2030 conference, Dmitry Kaminskiy delivered two keynote addresses on the topics of Longevity, DeepTech, Artificial Intelligence, and their intersection at the coming inflection point of the 5th Industrial Revolution.
APPENDIX E: About GovTech Analytics
ABOUT GOVTECH ANALYTICS
In the dynamic world of GovTech, GovTech Analytics serves as a guiding light, steering companies through the ever-changing landscape. We are architects of change, illuminating the path forward as technology reshapes the future of governance.
At GovTech Analytics, we stand at the forefront of the digital revolution, providing essential insights and strategies for companies to thrive in the GovTech realm. We understand the complexities of this evolving sector and offer expert guidance, enabling businesses to effectively meet citizens' needs, foster innovation, and create seamless collaborations between government, industry, and citizens.
GovTech Analytics is committed to fostering a smarter, more accessible future. With open arms and a dedication to innovation, we lead the way, embracing the challenges of tomorrow. Together, we are crafting a transformed world where GovTech solutions empower societies and drive meaningful change.
APPENDIX F: About Deep Knowledge Group
Deep Knowledge Group has a vast global coverage, with branches in many key regional hubs across the globe, and with its headquarters in London, UK.
Major investment sectors include AI, Precision Medicine, Longevity, Blockchain and InvestTech. Major short-term interests include AI and DeepTech, with a long term strategic focus on Longevity and Precision Health.
About the Author
DMITRY KAMINSKIY
Dmitry Kaminskiy is an innovative entrepreneur, investor, author and philanthropist dedicated to impact investment and ethical business, with a focus on engineering the accelerated trajectory of progressive technological development for the benefit of humanity.
Mr. Kaminskiy is a co-founder and managing partner of Deep Knowledge Group - a consortium of commercial and non-profit organizations active on many fronts in the realm of DeepTech and Frontier Technologies (AI, Longevity, Precision Medicine, FinTech, GovTech, InvestTech), ranging from scientific research to investment, entrepreneurship, analytics, policy and philanthropy.
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He leads the activities of the consortium’s venture arms - Deep Knowledge Ventures, an investment fund focused on DeepTech and advanced science projects, and Longevity.Capital, which prioritizes the convergence of Longevity and Artificial Intelligence, areas in which it has unparalleled investment and exit strategies.
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He is a frequent speaker on the topics of AI and Longevity, including conferences organized in London by The Economist “Aging Societies and The Business of Longevity”, Financial Times “Smart Machines vs Smart People”, at the Future Finance Forum in Seoul “AI in Finance”, “Precision Medicine World Conference" in Silicon Valley, as well as several others at Oxford and Cambridge Universities.
Mr. Kaminskiy serves as managing trustee of Biogerontology Research Foundation, the UK’s oldest Longevity focused charity.