Technology is the second name to the knowledge of science: the techniques, procedure, expertise, and all of the processes, only for the sole purpose of practical aims of human into producing the goods and services or the achievements of the goals. Technology is known as the application of scientific facts to improvise human behavior, enclosing the whole economy, health, communications, and much more.
Global creativity is essential. Most of the world is moving towards advancing quickly; Anyways, most countries are ahead of the others. These countries assist their people in enjoying efficient transport, the best health care, green initiatives, and more.
Research And Matrics
The annual Bloomberg innovation index does the analysis of more than 60 nations using so many criteria. Criteria fall under seven different metrics, that are, research and development, production capability, and high public firm concentration.
In the eighth edition of the index for 2020, Germany goes the name of the most technologically advanced country, which was later given to the countries South Korea and Singapore.
All Germany was known for was its Engineering, the home of Siemens, Volkswagens, and more. The best reputation Germany had was for its engineering along with some of the best schools from Europe, making some of the best technology engineers. The government of this nation supported research and development via all of the universities and companies. Furthermore, this country has now become the leader of medicines, military, technology, and infrastructure in the world.
The country South Korea become much more successful out of the first place by Germany in this year through a minimal margin. South Korea is the primary origin of the companies like Hyundai, L.G., and the world’s most prominent smartphone company, Samsung. The leading cause for this slight fall is the decline in industrial productivity, but it is not regarded as a reason of concern.
Within the late 20th century, one of the biggest countries, the Russian Federation, used to be the major competitor in the cold war arms race. Still, Russia is hardly competent to the 21st century’s Global best technology race as the other nations are competing for the investments, capital, research and development, and innovation, at the same time, when all of the changes happened at a rapid speed.
The biggest and the most shocking anomaly is Russia’s poor appearance. Russia is ranked on the number 47th out of 67 countries. Russia uses these metrics too poorly, with a meager score the smartphone usage and digital competitiveness as well. In fact, the country Ukraine stands two ranks above the Russian Federation, despite that Ukraine has a G.D.P. of 14 times lesser than Russia. This is for the fact that Ukraine has served long as a Technological hub for the USSR, and now it has structured its business and education interest towards its information technology sector.
Global Finance Ranking
This is just one of the findings that are emerging through the Global Finance ranking of the National best technology strength. To decide where a country has to stand in the Global best technology race, we, the Affordable ghostwriting services, have used four different consolidated metrics. The first three of these serve as standard measures of availability and prevalence of best technology: the internet consumers as a portion from the percentage of the whole population, the smartphone users with the percentage of the whole population, and at last the LTE connectivity users with the whole population. The last metric, which is known as the fourth metric, is also slightly different from the other three. Does the IMD World Competitiveness Center innovate the digital Competitiveness score? These competitiveness scores are based on the best technical knowledge, readiness for innovating the best technology, and the skill to exploit and create on to the latest tech.
In order to rank these nations according to the metrics produce the most interesting of the results. For instance, the smaller advanced countries are scoring better than the more prominent countries. Countries like Taiwan and Hong Kong have better scores than the countries Japan, the country that has done some next-level innovation their throwing their best technologies into the world like the Walkman, Nintendo, and the VCRs. This is because of the fact that smartphone usage in Taiwan and Hong Kong is much more. In the country Hong Kong, around 97 percent of internet surfing and searching are done on smartphones, revealing their relevance.
Another fact is that Kazakhstan, an underdeveloped country with a population of about 18 million and a G.D.P. of $8830, stands above China, Saudi Arabia, and Italy in ranking. This is shocking. Looking at the country, Kazakhstan is based on a much smaller and less developing economy. Anyways, the government of Kazakhstan had announced a strategy in 2012 emphasizing the best technology innovation and investment as a part of the whole mission to become a developed country. The government has given out more internet access and smartphone usage, with working on improvising all of its digital competitiveness, as this gave this country a much better score.
Some of the ranks are of no surprise, as with all of the reports it is understood that those countries have done a great job maintaining their G.D.P., and their Digital competitiveness, by giving out connection services, internet usage services and a good amount of smartphone consumption. Every country of these top 20 is the developed countries with advanced economies leading. Furthermore, Asian countries, including the U.A.E., Singapore, Hong Kong, and South Korea, are all in the top 12, giving the top players in the global tech race a measure of geographic diversity.
After the ghostwriting founder has compiled the data, 37 countries had data filled in for all of those four metrics, the other 30 countries had data filled in for only the three metrics, and the last 36 countries had data filled in for only two metrics. Once we got this basic information, we used statistical tools to weigh all four variables equally. We had this by making sure that the standard error of all the variables is equal. After that, we had to do a simple equation by adding up all the scores. This provided us with a range where a 4 represents the highest technological strength and 0 means the absolute lowest.
We decided only to use countries with data filled in for three metrics or more to ensure accurate analysis. We used linear regression analysis for the countries with only three metrics to predict and fill in the missing metric. We did not do this for countries with only two metrics because the margin of error would have been too large. Based on these scores, we ranked the countries so that ranking was representative of their scores across all the metrics.