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IATI - Israel Advanced Technology Industries
IATI - Israel Advanced Technology Industries
IATI News & Events Daily Industry News Report says: Israeli tech strong, bureaucracy weak

Report says: Israeli tech strong, bureaucracy weak

May. 1, 2014

Israel ranked number 15 in this year’s Networked Readiness Index, published in the Global Information Technology Report by the World Economic Forum, a measure of a country’s realization of its “digital potential,” or ability to marshal information and communications technology (ICT) to advance business and society. Israel “leads the regional rankings with a stable profile” in the use of technology to advance the economy and society in general, the list said.

The index, which the WEF has published for 13 years, measures the capacity of 148 economies to leverage ICT for growth and well-being, looking at a variety of factors, from Internet and communication infrastructure to legal and social issues, education, entrepreneurship, innovation in research and development and the effectiveness of the legal system in contract enforcement. The index found Israel lacking in this last area.

The index shows Israel as a world leader in areas such as R&D and innovation and the use of the ICT in business. Israel ranks fifth in the world in the number of patents filed, with 79.4 patents filed per million people, behind Japan (118.9), Finland (110.1), Sweden (88.8) and South Korea (87.8), and ahead of 10th-place United States (51.6). In its “capacity to innovate” (the ability to marshal resources to develop new technologies), Israel is among the elite, tied for third place with Germany, the US and Japan, and right behind Switzerland and Finland.

Israel scored well in how well companies can absorb and use new technologies (fifth place), venture capital availability (eighth), government willingness to buy and use new technology (ninth), and in e-participation, which indicates the quality and availability of government resources and information on-line (seventh).

For the full story on The Times Of Israel click here.


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