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Denmark is world champion in digital readiness

New study shows that Denmark is the global leader when it comes to digital future readiness. Overall, however, Denmark ranks fourth - among other things, due to a shortage of talent. At the Confederation of Danish Industry, this is cause for concern.

"I’d rather be named world champion in future readiness than football, because this means that we’re well equipped to succeed in the global competition for growth and jobs," says Lars Frelle-Petersen, Director at DI.

Publiceret: 22.06.2018
Af Niels Brandt Petersen mail

Denmark ranks number one when it comes to being digitally ready for the future, shows a new study from the IMD World Competitiveness Center. In the global ranking of digital competitiveness, Denmark takes first place in future readiness. 

Overall, Denmark comes in fourth, moving up one spot from last year. The overall winner is the United States, followed by Singapore and our neighbours in Sweden. 

“This is fantastic news. I have to admit, I’d rather be named world champion in future readiness than football, because this means that we’re well equipped to succeed in the global competition for growth and jobs. We need to be better at telling the rest of the world that we’re part of the global elite so we can ensure that the best heads and most innovative businesses are increasingly drawn to Denmark,” says Lars Frelle-Petersen, Director at DI.

See also: Danish Business mogul has plans for Danish-German Powerhouse in southern Denmark

Falling short in education and talent attraction

IMD World Digital Competitiveness YearbookDespite Denmark’s impressive ranking, the study also sets off several alarm bells, according to Lars Frelle-Petersen. 

Among other things, Denmark is only 44th in the world when it comes to graduates in science, and only 18th when it comes to attracting foreign specialists.

“It’s worrying that we are not good enough at educating or attracting the talent of the future. This will make it hard to be world champions four or eight years down the line,” says Lars Frelle Petersen.

See also: Business-mogul-has-plans-for-Danish-German-powerhouse-in-southern-Denmark.aspx

Requires stronger mindset

The study also shows that Denmark ranks only 46th in the world when it comes to listing IT companies.

“Although a single study doesn’t necessarily represent the whole truth, there is no doubt that the challenges are real enough. It’s very rare that Danish businesses grow large enough to be listed. It will require a stronger digital mindset and more digital talents if we are to reverse that trend, and here we hope that the government’s Disruption Council will help point to some solutions. We can’t afford not to take action,” says Lars Frelle-Petersen.

See also: Software-superstar-700-employees-and-75-job-openings.aspxTo-retain-young-workers-take-responsibility-for-society.aspx

FACTS
Highlights of Denmark’s rankings in the IMD World Digital Competitiveness Yearbook
- Jumps from 5th to 4th place overall
- 8th place in digital knowledge
- 10th place in digital technology
- 1st place in future readiness
- 3rd place in digital training and education
- 22nd place in digital capital
Source: IMD

It’s worrying that we are not good enough at educating or attracting the talent of the future. This will make it hard to be world champions four or eight years down the line
LARS FRELLE-PETERSEN, DIRECTOR AT DI.
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PUBLISHED: 6/22/2018 LAST MODIFIED: 6/22/2018