Tuesday 19 Mar 2024
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KUALA LUMPUR (June 19): Malaysia has slipped three spots in the World Digital Competitiveness Ranking 2018, according to the IMD World Competitiveness Centre.

In a statement today, IMD said the World Digital Competitiveness Ranking 2018 studied 63 economies.

It said that this year, the majority (29) of countries in the study experienced an improvement in their level of digital competitiveness.

About 40% of the sample (26 countries) showed a decline while only eight economies remain in the same position, it said.

In the overall rankings, Singapore dropped from first to second position.

Meanwhile, the United States topped the rankings, followed by Singapore, Sweden, Denmark and Switzerland.

IMD said the results showed that several countries, including Malaysia, were experiencing an "adaptive imbalance" or a mismatch between high levels of training and education, and the attitudes toward embracing digitalisation.

The ranking, which was introduced in May 2017, quantifies the rapid technological transformations that countries are undergoing, providing a tool for decision-makers in the public and private sectors to interpret and address these changes.

The objective of the digital competitiveness ranking is to assess the extent to which a country adopts and explores digital technologies leading to transformation in government practices, business models and society in general.

In addition, it provides firms the ability to find better opportunities to strengthen future value creation.

The ranking draws upon 50 selected indicators divided into three factors: knowledge, technology and future readiness.

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