CliffNotes of The World Economics Forum’s 2016 Global Technology Report

  1. Innovation is increasingly based on digital technologies and business models, which can drive economic and social gains from ICTs (information and communications technologies) if channelled in a smart way.
  2. 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.
  3. Both the private sector and governments need to step up efforts to invest in innovative digital solutions to drive social impact.
  4. 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

The Networked Readiness Index (NRI) 2016

  1. China — At 59th, China scored far lower than other Asian including Malaysia and Taiwan (interestingly referred to as Chinese Taipei). Out of 139 countries, China ranked low in a slew of categories ranging from international internet bandwidth (119), to the number of govt. procedures needed to start a business (120th), to total tax rate as a % of profits (131st). They did rank well in terms of government procurement of advanced technology (9th)
  2. United States — In 5th place, the U.S. moved up two places from last year, which was up two places from 2014. The U.S. ranked #1 in minimizing software piracy, #2 in business-to-consumer Internet use, #2 in capacity of businesses to innovate and #2 in availability of the latest technologies. Not surprisingly, the U.S. lagged in effectiveness of law making bodies (49th) and tax rates (93rd).
  3. Israel-The country where I focus my time, ranked a surprisingly low 21st, the same ranking as last year. Israel’s ranking was hurt by low marks in the effectiveness of law making bodies (62nd), lack of internet and telephony company competition (87th), and # of days to enforce a contract (124th). Israel ranked well in the % of jobs that are knowledge-intensive (7th), business usage of the Patent Cooperation Treaty (5th), venture capital availability (4th), and businesses capacity for innovation (3rd).
  4. Italy- Moving up 10 spots to place 45th, Italy was the biggest mover in the Top 50. Over the past years, the Italian government has launched a number of policies aimed at improving the provision of online services to its citizens and creating a better environment for start-ups and innovative companies. However, key constraints remain, including the lack of venture capital and the overall political and business environment.
  5. Malaysia — Climbed one spot to 31st place. Malaysia’s government appears committed to the digital agenda and is seen to be ahead of its peers in terms of adopting the latest technologies. Approximately two-thirds of the population is online, individual usage is growing further (47th, up 10 spots); in particular, the uptake of mobile broadband has taken off and reached almost 60 percent. An agile business sector (26th for business usage) is using ICTs to its advantage, interacting with consumers online and re-optimizing business models and organizational structures, thereby contributing to the overall strong performance.

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Believe Crypto is the biggest thing to happen in the history of mankind. Focused on stablecoins (founded JustStable.com) & communities (founded. CryptoMondays)

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Lou Kerner

Lou Kerner

Believe Crypto is the biggest thing to happen in the history of mankind. Focused on stablecoins (founded JustStable.com) & communities (founded. CryptoMondays)