symbol

Israel 19th on 2020 World Digital Competitiveness Ranking

Israel gets high marks for spending on research and development, for the number of high-tech patent grants and for cybersecurity expertise

Israel slid three places to 19 in the 2020 IMD World Digital Competitiveness Ranking, an analysis of how 63 economies employ digital technologies, which could help predict their ability to weather the coronavirus pandemic.

The digital competitiveness of economies is one of the factors that can help predict which economies will recover quickly and which will recover more slowly, according to the authors of the report. “The flexibility and adaptability of both individuals and the private sector may also be a large part of the puzzle for countries trying to rebuild their economies from COVID’s battering,” said Christos Cabolis, chief economist of the IMD World Competitiveness Center.

The methodology of the ranking breaks digital competitiveness into three major pillars: knowledge, the nation’s ability to discover, understand and build new technologies; technology, the overall context that enables the development of digital technologies; and future-readiness, the speed of adopting new technologies and individual attitudes towards technology and business agility, as well as the integration of information technology.

Full article is available on the Times of Israel webiste