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2014-04-23

INSEAD : launch of the 2014 Global Information Technology Report

THE 2014 GLOBAL INFORMATION TECHNOLOGY REPORT

Live streamed from New York:
http://new.livestream.com/accounts/1909571/events/2928738/player?width=6...

New INSEAD-WEF-Cornell global technology report stresses
continued digital divide, highlighted by risks and rewards of big data

Study shows little progress in bridging the gap between the world's networked
economies and rest of world;
Nordic countries dominate Networked Readiness Index, while emerging markets
struggle most in realising digital potential

Fontainebleau (France), Singapore and Abu Dhabi - April 23, 2014
-
INSEAD, the leading international business school, in partnership with the
World Economic Forum and the Samuel Curtis Johnson Graduate School of
Management at Cornell University, today released the findings of its latest
annual technology survey, "The Global Information Technology Report 2014:
Rewards and Risks of Big Data." The report indicates an alarming lack of
progress in bridging the "digital divide" between emerging and developing
nations and the world's networked economies. The implications of this growing
disparity suggest that less developed countries may miss out on many
important benefits from information and communications technology (ICT).

Launched in 2002, the GITR project assesses the digital ecosystems of 148
developed and developing countries, ranking each using the Networked
Readiness Index (NRI) to understand how these markets use ICT to enhance
economic productivity and social development.

This year's findings indicate consistency among the top of the rankings:
Finland (1), Singapore (2), Sweden (3), The Netherlands (4), Norway (5) and
Switzerland (6) all retained their positions from the previous year. The
United States moved up two places to 7thposition, while Hong Kong (8) and the
Republic of Korea (10) both move into the top 10. The United Kingdom,
meanwhile, is the only nation in the top ranks to fall, sliding from 7 to 9
in the survey.

Networked Readiness Index 2013: Top 10

---------------------------
|Economy 2013 2012 |
|Finland 1 1 |
|Singapore 2 2 |
|Sweden 3 3 |
|Netherlands 4 4 |
|Norway 5 5 |
|Switzerland 6 6 |
|United States 7 9 |
|Hong Kong SAR 8 14 |
|United Kingdom 9 7 |
|Rep. of Korea 10 11 |
---------------------------
Lower in the rankings, many large emerging nations continue to struggle to
realise their full technological potential. China (62), Brazil (69), Mexico
(79) and India (83), all drop in this year's survey.

One of the report's major findings is that countries need more than just ICT
infrastructure development to increase their competitiveness. They also need
a holistic strategy that creates an environment conducive for gaining the
skills, innovation and entrepreneurship for people to flourish along with
this modern infrastructure.

Given this insight, "digital strategies should not focus exclusively on
developing ICT infrastructure, but also on creating the proper conditions for
an effective use of ICT to boost innovation, competitiveness and higher
social inclusion," said GITR co-authorBruno Lanvin
, the Executive Director of INSEAD's European Competitiveness Initiative
(IECI) and of the Global Indices projects at INSEAD.

To assess such factors, the researchers developed the NRI framework to
determine the relative readiness of an economy to leverage its ICT across
business, government and society. Diverse factors, such as a market's
political and regulatory policies, are among the elements measured by NRI,
using a combination of data from publicly available sources and insights from
the Executive Opinion Survey, an annual comprehensive study by WEF and its
partners.

First published 12 years ago, the GITR and NRI were designed to provide
policymakers and investors with metrics to assess a rapidly evolving, yet
still emerging, global technology landscape. Today, the report continues to
deliver important insights about how the massive changes in technology over
the past decade are shaping global markets and their potential. Among these
changes has been the rise of Big Data. But while this tool holds great
potential for business and society, the report's experts say that it must be
integrated within a knowledge environment that enables people to extract
value from the data.

"Big data has the potential to infuse executive decisions with an
unprecedented level of data-driven insights," saidBahjat El-Darwiche
, Strategy&(formely Booz&Company) and sponsor of the report. To do so, though,
it requires a robust knowledge infrastructure that enables critical thinking
and analysis to thrive.

Reflecting on technological advances made over the last decade, Lanvin noted:
"Business models have been redefined and the workplace redesigned, with
start-ups evolving into large companies and many major social
functions-including healthcare, education and privacy-being rethought."

The report, like other studies, traces the connections between ICTs and
economic development. With the NRI, the INSEAD-WEF-Cornell University
analysis seeks to identify the complex and sometimes subtle ways that
technology is transforming the economy and society. The researchers point out
that despite the fact that ICTs are becoming increasingly universal, "the
question of access and usage remains important-especially for developing
countries, given their need to narrow the digital divide."

To Read the full report and view the rankings, please go
to:http://www3.weforum.org/docs/WEF_GlobalInformationTechnology_Report_2014...

Please find an interactive heat map here:
http://widgets.weforum.org/global-information-technology-report-2014/

About INSEAD, The Business School for the World

As one of the world's leading and largest graduate business schools, INSEAD
brings together people, cultures and ideas to change lives and to transform
organisations. A global perspective and cultural diversity are reflected in
all aspects of our research and teaching.

With campuses in Europe (France), Asia (Singapore) and Abu Dhabi, INSEAD's
business education and research spans three continents. Our 146 renowned
Faculty members from 34 countries inspire more than 1,300 degree participants
annually in our MBA, Executive MBA, specialised master's degrees (Master in
Finance, Executive Master in Consulting and Coaching for Change) and PhD
programmes. In addition, more than 12,000 executives participate in INSEAD's
executive education programmes each year.

In addition to INSEAD's programmes on our three campuses, INSEAD participates
in academic partnerships with the Wharton School of the University of
Pennsylvania (Philadelphia&San Francisco); the Kellogg School of Management
at Northwestern University near Chicago, and Johns Hopkins University/SAIS
in Washington DC. In Asia, INSEAD partners with Tsinghua University in
Beijing and with CEIBS. INSEAD is a founding member in the multidisciplinary
Sorbonne University created in 2012, and also partners with Fundação Dom
Cabral in Brazil.

INSEAD became a pioneer of international business education with the
graduation of the first MBA class on the Fontainebleau campus in Europe in
1960. In 2000, INSEAD opened its Asia campus in Singapore. And in 2007 the
school began an association in the Middle East, officially opening the Abu
Dhabi campus in 2010.

Around the world and over the decades, INSEAD continues to conduct cutting
edge research and to innovate across all our programmes to provide business
leaders with the knowledge and sensitivity to operate anywhere. These core
values have enabled us to become truly "The Business School for the World."

More information about INSEAD can be found atwww.insead.edu

###
INSEAD Press Contacts:
Sophie Badré
Tel +33 (0)1 60 72 45 26, Mobile: +33 (0)6 86 07 33 75
sophie.badre@insead.edu

INSEAD Europe campus
Boulevard de Constance
77305 Fontainebleau Cedex, France
Tel: +33 (0)1 60 72 40 00
Fax: +33 (0)1 60 74 55 13

Julia Irrgang
Tel +33(0)1 60 72 93 34
julia.irrgang@insead.edu

INSEAD Asia campus
1 Ayer Rajah Avenue, Singapore 138676
Tel: +65 6799 5388
Fax: +65 6799 5399

Aileen Huang
Tel +65 6799 5552
aileen.huang@insead.edu

INSEAD Abu Dhabi campus
Muroor Road - Street No. 4, P.O. Box 48049
Abu Dhabi, UAE
Tel: +971 2 651 5200
Fax: +971 2 443 9428

Joe Chedid
Tel +971 2 651 5329
joe.chedid@insead.edu

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Source: INSEAD via Globenewswire

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