From keeping in touch with our friends by Facebook to managing our money via online banking, we now take it for granted that the digital world is changing our lives. Despite this, much remains to be done to ensure that the UK economy invests in information and communications technologies (ICT) to create further competitive advantage across all sectors in the economy. That is the conclusion from last month’s publication of the 2016 Global Information Technology Report by the World Economic Forum (WEF) which examined the level of preparedness of 139 countries to take advantage of the opportunities presented by emerging technologies and the digital economy. Whilst the UK is in the top 10, it is still behind countries such as Singapore, Finland and Sweden when it comes to digital readiness. However, there are a number of important lessons from these leading digital nations that could help us to catch up. The report suggests that innovation – which is so critical to developing...
Entrepreneurship, innovation and the economy