Digital Transformation is affecting all aspects of life, from the way we live to how we do business, which significantly influences the growth of the digital economy, creating vast range of new economic opportunities for people and businesses around the world. The digital technologies and solutions that enable this rapid advance are also reshaping governments and citizens' interactions in ways that strengthen transparency, accountability, and performance.
At the same time, the rapid global proliferation of these technologies can also give rise to a newset of challenges, such as the digital divide, privacy, and trust. As digital transformation advances, these cross-border issues will become even more important for all countries.
Given the borderless nature of the technologies and data at the heart of the digital economy, we can only realize its full transformative potential and manage the challenges of its rise through global collaboration. The Digital Cooperation Organization (DCO) will enable its members to align their national digital efforts as well as pool their collective capabilities and economic scale through mutually beneficial collaboration to create a new, multilateral space for digital growth and transformation.