Nigeria was missing in the second edition of world digital competitiveness ranking 2018 as only South Africa which ranked 49th out of 63 economies were ranked. Introduced last year, the digital competitiveness report is produced by the IMD World Competitiveness Centre.The report's objective is to assess the extent to which a country adopts and explores digital technologies leading to transformation in government practices, business models and society.
The methodology of the ranking defines digital competitiveness according to three main factors: knowledge, technology and future readiness.The knowledge factor refers to the intangible infrastructure, which underlines the process of digital transformation through the discovery, understanding and learning of new technologies.The technology indicator assesses the overall context through which the development of digital technologies is enabled. Future readiness examines the level of country preparedness of an economy to assume its digital transformation.
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