London – May 7, 2015 – Advanced economies including the UK have yet to reach their full potential against information and communications technologies (ICT) which help drive social and economic transformation, according to the Global Information Technology Report 2015; co-published by the World Economic Forum, INSEAD and Cornell University, with the support of Strategy&, part of the PwC network.
Whilst there is still room for improvement the UK has been making progress. Data from the report’s Networked Readiness Index (NRI), which benchmarks 143 economies in terms of their capacity to prepare for, use and leverage ICT, suggests that countries in the top 10 percent, which includes the UK, have seen twice the level of improvement since 2012 as those in the bottom 10 percent.
The impact of ICT extends well beyond productivity gains too. They act as a catalyst for social development and transformation by improving access to basic services, enhancing connectivity, and creating many employment opportunities. This year the UK also moved up one place in the top ten rankings. The index ranks Singapore (1st), Finland (2nd), and Sweden (3rd), in the top three rankings, with the United States (7th) coming one place higher than the UK, and Luxemburg (9th) and Japan (10th) rounding out the top ten leader board.
John Miles, Principal in Strategy&’s London office notes that: “The UK continues to perform well in the global ICT arena and has improved but there is much more that we can do to encourage greater progress.”
He adds: “Looking beyond the top line ranking of 9th place overall for the UK, it is a less positive story when you deep dive into how UK businesses and government are engaged and exploiting ICTs, particularly in comparison to individual usage in the UK which is very good. UK consumers continue to push the UK up the ranking (to 4th place for individual usage of ICTs) with a largely tech-savvy population, continuing enthusiastic adoption of new technology in a competitive telecoms market, while businesses and governments lag behind their peers in level of investment and utilisation of advanced technologies (earning the UK a rank of 16th)”.
Under the theme ICT for Inclusive Growth, the report also features ten essays from leading experts and practitioners that showcase solutions to allow everyone to benefit from and participate in the ICT revolution. Strategy& consultants Bahjat El-Darwiche, Mathias Herzog, Milind Singh, and Rami Maalouf authored a chapter titled: ‘Understanding Digital Content and Services Ecosystems: The Role of Content and Services in Boosting Internet Adoption’ and Strategy& Chief Executive, Cesare Mainardi, also authored the foreword to the report.
About the Networked Readiness Index
Since 2001, the Networked Readiness Index (NRI) assesses on an annual basis the factors, policies and institutions that enable a country to leverage information and communication technologies (ICTs) for shared prosperity. This assessment is based on an aggregation of 53 individual indicators grouped in four main components: environment, readiness, usage and impacts. The individual indicators use a combination of data from publicly available sources and the results of the Executive Opinion Survey, a global survey of 13,000 business executives conducted by the World Economic Forum in collaboration with its network of 160 Partner Institutes.
The World Economic Forum is an international institution committed to improving the state of the world through public-private cooperation in the spirit of global citizenship. It engages with business, political, academic and other leaders of society to shape global, regional and industry agendas.
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