PH jumps by 8 notches in ICT network readiness index

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Global Information Technology Report 2014, a huge leap from last year?s 86th position. PH rank The latest report, released by the World Economic Forum (WEF) on Wednesday, April 23, also showed the Philippines improving its position within the Asean group, overtaking Vietnam which maintained its rank at 84th place. The Philippines posted an increase in all 10 networked readiness pillars. A significant improvement in the perceived efficiency in the country’s legal system and property rights protection drove the political and regulatory environment up to 87th place. ICT readiness is the other area where the Philippines improved the most, thanks to a more affordable (75th) access to ICT infrastructure and better skills (69th), despite the need for higher quality in the educational system. Business usage is, as in many other Asian economies, at a more advanced stage (43rd) than individual usage (91st). Progress made in terms of economic impacts registered last year continues this year, moving up eight positions and reaching 48th place. The role of ICTs in fostering innovation by creating new products and services (42nd) and organizational models (28th) also contributes to the impressive result. Overall, the report noted that little progress is being made in bridging the digital divide between technology savvy nations and others. ?The stalling of progress is worrisome for emerging and developing nations, which are at risk of missing out on many positive impacts information and communications technologies (ICT) bring, including increased innovation, economic competitiveness and greater social inclusion,? the report said. top 10 Published under the theme, ?Rewards and Risks of Big Data?, the report?s Networked Readiness Index (NRI) measures the capacity of 148 economies to leverage ICT for growth and well-being. It finds consistency at the top end of the rankings this year, with Finland (1st), Singapore (2nd), Sweden (3rd), the Netherlands (4th), Norway (5th) and Switzerland (6th) all retaining their positions from last year. The United States (7th) continues its upward trajectory, while Hong Kong (8th) and South Korea (10th) both climbed. The United Kingdom (9th) is the only nation in the top 10 to fall. Lower down the index, many large emerging economies continue to struggle to realize their full digital potential. China (62nd), Brazil (69th), Mexico (79th) and India (83rd) all drop in the rankings. However, countries that have developed a strong vision to develop their ICT capacity do well, such as the United Arab Emirates (24th), Kazakhstan (38th) or Panama (43rd), which all improved. With this year?s coverage extending to a record 148 economies, the GITR report remains one of the most comprehensive on the impact of ICT on competitiveness of nations and the well-being of their citizens. One of the key findings of the report is that countries cannot only rely on ICT infrastructure development to become competitive. Rather, the benefits of ICT can only be fully derived when a country implements a holistic strategy aimed at creating conditions for skills, innovation and entrepreneurship to flourish alongside modern infrastructure. To measure this, the NRI assesses the preparedness of an economy to fully leverage ICT in terms of:

? ICT infrastructure cost of access and the presence of the necessary skills to ensure an optimal use ? Uptake and use of ICT among governments, business and individuals ? Business and innovation environment, and the political and regulatory framework ? Economic and social impacts accruing from ICT

?In addition to the persistent digital divide across countries, governments should also be wary of understanding, identifying and addressing potential internal digital divides so that new opportunities can be created for all and support enhanced social inclusion,? said Be?at Bilbao-Osorio, senior economist at the WEF?s Global Competitiveness and Benchmarking Network and co-editor of the report. In this sense, ?digital strategies should not focus only on developing the ICT infrastructure, but also in creating the right conditions for an effective use of ICT to boost innovation, competitiveness and higher social inclusion,? said Bruno Lanvin, executive director of INSEAD?s European Competitiveness Initiative (IECI), and of Global Indices projects at INSEAD.]]>

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