43 Action 15 – Leading nation-wide focus on data-driven transformation …by developing regional standards and secure operational models for open data Drive data-driven solutions across the MENA region, linked to higher education and developing digital economy solutions. International benchmark countries show that the backbone of the digital economy is dataled. This requires standards, security and interoperable business protocols across the economy for example FinTech and eHealth protocols. Source: DTI Governance actions The governance actions sets out to ensure a strong, visible and accountable governance structure to attract investor confidence and assure business leaders and those considering to start a company in Jordan. Box 4: Governance actions Action 16 – Establishing co-owned leadership and ownership …by implementing a strong but agile governance structure to ensure accountability Demonstrate strong leadership and establish a strong governance structure across the whole of government with support at private sector level. Action 17 - Reforming the regulatory system to support the integrated digital economy …by launching a review process of the existing regulators and shifting towards a more dynamic ex-post system focusing on enabling a competitive market Establish smart regulation for the digital economy to ensure that the regulatory system supports the digital economy in the best way possible. Action 18 – Exercising strong program accountability and progress monitoring …by establishing a systematic but dynamic program monitoring and evaluation system Create a strong accountability structure to effectively and dynamically manage the transformation towards a digital economy, and to ensure continuous progress. Source: DTI The recommended next steps to operationalise and implement these actions are: |  Ensure commitment from recommended main owners and ensure their willingness and ability to drive the actions on time and required scale of impact.  For the targets and Key Performing Indicators (KPIs) to be met, it is imperative that: o actions are executed together (no picking and choosing) o actions are delivered within the specified timeframe  Focus on the identified required immediate actions.  Ensure in particular the impact of the smart specialization aim initiate pilots as quickly as possible. REACH 2025 ACTION PLAN – ROADMAP TO EXCELLENCE