The Luddites who feel Australia can survive on 20th Century telecommunications infrastructure need to read the 2012 GOBAL INFORMATION TECHNOLOGY REPORT, published today: http://insead-gitr.blogspot.com.au/
Key findings from the report, Living in a Hyperconnected World, include:
- Leveraging high-speed connectivity is crucial for competitiveness.
- Countries performing strongly in the Networked Readiness Index all have a holistic strategy to developing technology; there are no weaknesses in any of the key metrics.
- Defining technology standards by the existence of technology infrastructure is not enough; components such as affordability and skills are crucial to success.
- The ‘digital divide’ still exists – not just in terms of infrastructure but also in terms of the skills necessary to make use of technology to better social and economic conditions.
Arguments around the most cost effective way to develop the National Broadband Network (NBN) to achieve a holistic communications infrastructure are valid, but anything less than an integrated fibre-optic network will be second rate and second best and cost the economy dearly in the years to come. We have a long way to go to make the ‘top 10’.