4SIM: By 2030, it is planned to achieve sixfold return on investment in digital economy

Within the framework of the digital economy strategy until 2030, it is planned to ensure 6 dollars of economic return for every 1 dollar of investment, Fariz Jafarov, executive director of the Center for Analysis and Coordination of the Fourth Industrial Revolution (4SİM) under the Ministry of Economy, said at the Technovation forum in Baku, Report informs.

According to him, steps are being taken to transform startups operating within large enterprises into independent companies (spin-offs).

"Support is being provided to international investment programs such as Emerge and Baku ID. In addition, a special agreement has been signed to join the World Economic Forum's 'Ten Industrial Clusters' initiative, which will allow the integration of the Azerbaijani industry into international production networks and expand the exchange of experience between companies," he noted.

Jafarov also reported that the development of special curricula for universities is envisaged.

Within the framework of the digital economy strategy, initiatives are being implemented to support the education of Azerbaijani students abroad, as well as educational programs and professional development courses are being created in such areas as data science, artificial intelligence, and cybersecurity.