Singapore has retained its No. 2 position in the Global Information Technology Report (GITR) for the third consecutive time, compiled by INSEAD and the World Economic Forum (WEF).
Also, it is the only Asian country to rank in the top 10 this year. Sweden heads the list and has been the top country in this listing for three years now. Finland follows Singapore in the ranking.
GITR covers 142 economies which account for over 98 percent of the world's gross domestic product.
GITR provides a comprehensive and authoritative international assessment of the impact of ICT on the development process and the competitiveness of nations.
This year's report, which was released on 4 April 2012, examines in detail the main drivers and impacts of the "hyperconnected" world, driven by the exponential growth of mobile devices, big data and social media.
According to the report, this year's report features an evolved Networked Readiness Index (NRI) which incorporates a newly-introduced ICT impact sub-index, in addition to data on the main drivers of ICT readiness.
Singapore topped the new sub-index, which measures the social and economic impacts of ICT. It also topped the environment sub-index.
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