ict sector worldwide update 2013

ICT Sector Worldwide Update

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“The ICT sector accounts for up to 7.5% of GDP worldwide.”

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“ In advanced economies, for every single percentage point increase in broadband penetration in a particular area, employment growth is estimated to increase 0.2 to 0.3 percentage points per year. ”

“ Broadband networks provide a constructive platform for addressing a variety of public challenges including health care, education, homeland security, and workforce/ economic development. ”

ICT Facts

Source: intel.com

Economies spending in ICT will be getting following benefits.


ICT Advantages

Source: The Economic Benefits of Strategic ICT Spending by White paper Published by Intel

Creation of high-skilled, high-paying jobs.

Improved international competitiveness.

“Spillover effect,” creating opportunities in many other industries.

Better quality of life through enhanced education, health care, etc.

Stronger, more competitive small and medium businesses.

Improvement of national and global commerce through easier and faster creation, distribution, and consumption of information.

Development of ICT workforce with knowledge and skills to export technology to trade partners.

Are you ready for ICT Infrastructure? Because if you’re not ready, you’ll waste your investment


Cautions

Companies/Economies that don’t have standardized digital infrastructure, digital platforms and processes could find themselves with a much lower chance of getting value out of their investments and at the same competitive level as companies that don’t make any IT investments at all.

Simply adopting the newest technologies and doing so quickly can increase the risk of causing infrastructure mismanagement which can lead to project failure.

Companies that have more standardized digital platforms at the level of systems data and processes have more than twice the chance of getting value out of their investment in these technologies..

Senior Management Teams/Policy Makers/ Decision Makers should assess the “key business enablers (KBE)”. Sustaining these KBE itself a big task because it requires organizational level support and involvement. The KBE includes..


Solution

Source: INSEAD

Achieving and sustaining a sufficient level of standardization and sharing of technology, business processes and data components across the enterprise.

Gaining access to both IT-savvy business leaders and business-savvy IT managers

Involving business management in all IT-related investments and management decisions

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Companies in Asia Pacific region are top investors in ICT, investing a much greater percentage of their total ICT budgets in new technologies than in Europe.


ICT Investment Scenario

Source: INSEAD

Some 225 technology leaders from companies doing business in North America, Europe and Asia Pacific.

Mobility is expected to consume 24 percent of IT spending two years from now compared with 14 percent three years ago.

Collaboration tools are expected to increase from 16 percent three years ago to 20 percent by 2015.

Cloud-based services will see the fastest growth: from 11-26 percent over by 2015.

These new technologies are expected double corporate competitiveness – from 35 percent to 72 percent.

NRI has provided decision makers with a useful conceptual framework to evaluate the impact of ICTs at a global level, and to benchmark the ICT readiness and the usage of their economies.


NRI (Network Readiness Index)

Source: World Economic Forum


NRI Top Rankers

Source: World Economic Forum

Rank (2013) Country/ Economy Score Rank (2012)

1 Finland 5.98 3

2 Singapore 5.96 2

3 Sweden 5.91 1

4 Netherlands 5.81 6

5 Norway 5.66 7

6 Switzerland 5.66 5

7 United Kingdom 5.64 10

8 Denmark 5.58 4

9 United States 5.57 8

10 Taiwan, China 5.47 11


Recent Updates

Source: INSEAD

According to IT analysts IDC, eICT spending in the Asia-Pacific region is set to increase by 26% to $3,018B in 2013. $775B of that figure will stem from ICT alone.

Mobility is expected to consume 24 percent of IT spending two years from now compared with 14 percent three years ago.

Collaboration tools are expected to increase from 16 percent three years ago to 20 percent by 2015.

Cloud-based services will see the fastest growth: from 11-26 percent over by 2015.

These new technologies are expected double corporate competitiveness – from 35 percent to 72 percent.


Recent Updates ContinuesChina's ICT industry is expected to keep expanding in 2013 and reach the scale of 360.5 billion U.S. dollars, with a year-on-year growth of 8.9 percent, according to International Data Corporation’s estimate.

In India NASSCOM released the Narayana Murthy Committee recommendations for the country. According to this vision, Indian IT companies should aim to build a US$300 billion ICT industry by 2020. Good news is Google is willing to invest about US$10 million to nurture 10,000 new businesses in five years in India.

Brazil is the largest ICT market in South America, after Mexico. It is also one of the largest IT markets within the emerging economies. IT end-user spending in Brazil is expected to grow to $134 billion in 2014

The European Commission has presented an €80 billion package for research and innovation funding, as part of the drive to create sustainable growth and new jobs in Europe out of which €13.78 billion is allocated for ICT sector. As a whole, the information and communication technologies (ICT) sector represents 4.8% of the EU economy. It generates 25% of total business expenditure in Research and Development (R&D), and investments in ICT account for 50% of all European productivity growth.


Recent Updates ContinuesWhile public sector investment in ICT in Africa has improved considerably over the last decade, the private sector continues to be the key driver for investment and has invested close to $50 billion over the last decade. In 2007, the private sector committed to increase investment in telecommunications from $35 billion to $50 billion by 2012-2013.

The Ethiopian government is to spend $250 million to construct a knowledge facility in three years time. To hasten the process, local and international companies are already in rush to book space at the Ethio ICT Park that is being pushed by the Ministry of Communications and Information Technology (MoCIT).

The Nigerian government has made available $1 billion for the construction of ICT incubation centres throughout the country to stimulate growth in local software content. The objective of these incubation centres would be to create 25 successful information communication technology (ICT) firms by 2015

Rwanda received Korea’s Multi-Million Dollar ICT Investment recently. According to the report given by Rwanda Focus the ICT Innovation Centre will be set up at the Integrated Polytechnic Regional Center (IPRC) Kigali Campus and the contribution by KOICA is valued at $5.6 million.


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References

•http://www.intel.com/Assets/PDF/whitepaper/Economic_Benefits_of_ICT_Spending.pdf •http://knowledge.insead.edu/leadership-management/operations-management/dont-waste-your-ict-investments-2404•http://www.thisdaylive.com/articles/beaming-searchlight-on-ict-sector-in-2013/144612/•http://www.nairaland.com/1260078/nigeria-invests-1b-construction-ict•http://www.ameinfo.com/middle-easts-ict-industry-eyes-biggest-332363•http://www.africasciencenews.org/en/index.php?option=com_content&view=article&id=799:ethiopia-plans-usd025b-ict-park&catid=45:hitech&Itemid=116•http://europa.eu/rapid/press-release_MEMO-11-848_en.htm•http://www.thecentralbanker.com/ict-market-in-russia-grows-by-26-to-exceed-aed-62-billion-%C2%96-al-marri/

ict sector worldwide update 2013

Technology

ict infrastructure

ict factssource

business processes

development of ict workforce

ict sector accounts

digital infrastructure

standardized digital

key business enablers