Urenio Watch Watch: Smart Growth

The Global Information Technology Report 2016

WEF1The Global Information Technology Report 2016 is a report produced by the World Economic Forum aiming to present some key messages regarding the proper measurement and the effective and smart use of ICTs for achieving global economic growth and societal inclusion. According to this report the leading countries in terms of  generating economic impact from investments in ICT are  Finland, Switzerland and Sweden.

As the 2016 edition of The Global Information Technology Report is released, the world is entering the Fourth Industrial Revolution. [‘¦] The exponential speed of developments; disruption across all major industries; and the impact on entire systems of production, management, and governance are what differentiates these developments from previous “industrial revolutions.’

The key points of this report focus on the fact that:

  • Innovation is increasingly based on digital technologies and business models, which can drive economic and social gains from ICTs if channelled in a smart way.
  • The way businesses adopt ICTs is key for leveraging them for development, so encouraging businesses to fully embrace the powers of digital technologies should be a priority of governments.
  • Both the private sector and governments need to step up efforts to invest in innovative digital solutions to drive social impact.
  • A sustainable digital economy will depend on quickly evolving governance frameworks that allow societies to anticipate and shape the impact of emerging technologies and react quickly to changing circumstances.


Furthermore, results for Networked Readiness Index (NRI) are also illustrated in this report for a large number of countries. This index is composed for each country by four key dimensions: (1) the overall environment for technology use and creation (political, regulatory, business, and innovation); (2) networked readiness in terms of ICT infrastructure, affordability, and skills; (3) technology adoption/usage by the three groups of stakeholders (government, the private sector, and private individuals); and (4) the economic and social impact of the new technologies.

You can read the full report here.