Singapore overtakes Finland to bag top spot in Networked Readiness Index

ICTs here have great social and economic impact.

Singapore overtook Finland and bagged the top spot in INSEAD's Networked Readiness Index.

The index explored how well countries are leveraging on information and communications technologies (ICTs) for social and economic impact.

It assessed the factors, policies and institutions that enable a country to leverage information and communication technologies (ICTs) for shared prosperity.

This assessment is based on an aggregation of 53 individual indicators grouped in four main components: environment, readiness, usage and impacts.

The report highlighted that ICTs are so widespread in Singapore because of the government’s clear commitment to the ICT revolution.

“[The government has] a clear digital strategy and one of the world’s best offerings in terms of online services and e-participation tools. Singapore offers the most conducive business and innovation environment worldwide and ranks 2nd for the quality of its regulatory framework. ICT readiness is outstanding thanks to Singapore’s highly skilled workforce (2nd, behind Finland) and infrastructure (19th). With such fertile ground, it is not surprising that ICTs are so widespread,” stated the report