UK and US slip in World Digital Competitiveness Ranking • The Register

Denmark topped the International Institute for Management Development’s seventh annual World Digital Competitiveness Ranking – an assessment of the “ability and willingness of 63 nations to adopt and explore digital technologies as a key driver of economic transformation in business, government and society at large”.

The Institute (IMD) with its World Competitiveness Center claims to be an independent academic institution that aims to develop leaders. The Digital Competitiveness Ranking evaluates three main factors listed below:

  • Knowledge – know-how necessary to discover, understand and develop new technologies;
  • Technology – overall context that enables the development of digital technologies;
  • Future Readiness – Degree of readiness of the countries to use the digital transformation.

The IMD also considers nine additional sub-factors that distinguish nations based on 54 criteria.

Up until that year, the US was the only nation to top the rankings. Denmark eventually overthrew the champion thanks to an exceptional future readiness factor score.

The ranking highlights many problems in the US, which ranks ninth in the world for technology, but has slipped from third to tenth in IT integration capacity. Fears that companies are not handling cybersecurity well contributed to the nation’s decline.

under big Registration number-Reading nations Britain fell two places to 14th, although its technology and future readiness scores improved. Other nations improved more significantly, with Israel moving up two places to thirteenth place. Twelfth-placed Australia climbed six places in the table.

India speaks a good game of its many digital government services and IT services industry – but was ranked 44th.

Canada rose three places to 10th place, while Germany fell to 18th place after finishing 16th in the last ranking.

Taiwan’s 11th place easily beats China’s 17th place, although both nations have slipped back in the last year.

European nations – Denmark, Sweden, Switzerland, the Netherlands and Finland – occupied five of the top ten places. Three Asian nations – Singapore, South Korea and Hong Kong – made the top ten.

Hong Kong, however, fell seven places to ninth place. The sudden shutdown of democracy can do that to a country.

Croatia made the biggest jump, climbing 12 places to 43rd place.

Japan’s efforts to end its Dependence on floppy disks and faxes do not appear to have increased their digital capacity yet – the nation slipped one place to 29th. Italy is the worst in the G7 group of very rich and well-developed nations at 39th place.

Argentina, Colombia, Botswana, Mongolia and Venezuela occupied the last five places in the ranking.

See the full rankings here. ®

https://www.theregister.com/2022/09/29/world_digital_competitiveness_ranking/ UK and US slip in World Digital Competitiveness Ranking • The Register

Laura Coffey

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