Seven countries – Finland, Switzerland, Sweden, Israel, Singapore, the Netherlands and the United States – are leading the world when it comes to generating economic impact from investments in information and communications technologies (ICT), according to the World Economic Forum’s Global Information Technology Report 2016.
It says that worldwide, nations’ capacity to innovate is increasing across the board, although few have been successful so far in translating these investments into meaningful economic or social impact. Singapore leads the report’s Networked Readiness Index (NRI).
On average, this group of seven high-achieving economies at the pinnacle of the report’s NRI economic impact pillar scores 33 percent higher than other advanced economies and 100 percent more than emerging and developing economies. The seven are all known for being early and enthusiastic adopters of ICT and their emergence is significant as it demonstrates that adoption of ICT – coupled with a supportive enabling environment characterized by sound regulation, quality infrastructure and ready skills supply among other factors – can pave the way to wider benefits.
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