Dive Brief:

• A report released earlier this week identified the countries most successfully generating economic impact from investments in technology.
• The United States, Singapore, Finland, the Netherlands, Sweden, Switzerland and Israel were among the top countries when it comes to adopting and adapting to new technologies, according to the Global Information Technology Report 2016 from the World Economic Forum.
• WEF also said businesses need to take a bigger role in driving global digital transformation.

Dive Insight:

The Global Information Technology Report measures countries' success in “creating the conditions necessary for a transition to a digitalized economy and society,” according to WEF.

All seven of the countries have by high levels of business information and communications technologies adoption. The U.S. climbed two places over last year’s report.

When it comes to enterprise innovation, WEF says too few companies are taking the lead and other companies need to step up in order to encourage progress and avoid tech stagnation.

“In recent years, digital innovation has been largely driven by consumer demand. Yet this increasing demand for digital products and services by a global consumer base is being met by a relatively small number of companies,” according to the report. “Businesses need to act now and adopt digital technologies to capture their part of this growing pie.”