Israel Among 7 Countries Benefiting Most From Tech Innovation, Report Says

The report by the Davos forum singles out the countries getting the biggest bang for their buck in economic and digital innovation.

An illustrative photo shows Solarin, a mobile device with unprecedented levels of technology and security by British-Israeli start-up, Sirin Labs AG, at their offices in Tel Aviv, May 16, 2016.
Amir Cohen, Reuters

A report by the organizers of the Davos forum says the United States, Singapore, Finland, the Netherlands, Sweden, Switzerland and Israel are getting the biggest bang for their buck in economic and digital innovation.

The Geneva-based World Economic Forum says in its new Global Information Technology Report released Wednesday that trends suggest individuals, not business or government, are driving the digital revolution and an already large gap in infrastructure between rich and developing countries is widening.

WEF competitiveness chief Margareta Drzeniek-Hanouz says "government or businesses are not leveraging digital technology sufficiently." She said developing nations could benefit by providing more affordable access.