Page 58 - UDYAMA FINAL final for web
P. 58

Figure 5: IMD Ranking of selected Southern Asia and the Pacific region countries, 2019
             Source: IMD World Competitiveness Centre, 2019

            To analyze Sri Lanka’s  digital   needs met,  they are not able  to   ‘Human Capital’ sub-component
            readiness, we can use a few ind-   reap  the  benefits  of technology.   scored 2.27 (out of 4.00) where it
            ices. Let’s look into the Cisco   Sri  Lanka  scored  3.53  (out  of   represents moderate digital skills
            Global  Digital  Readiness  (CG-   4.00) for the index component of   level  within the workforce.  The
            DR) Index which helps countries   ‘Basic Human Needs’ where the   sub-component of ‘Ease of Doing
            understand how well-positioned   index assessed  life expectancy,   Business’ was measured by exa-
            they are to take  the benefits  of   the mortality  rate  of children   mining the factors; local rule of
            digitization.                   under five years of age, and    law, the Ease of Doing Business
                                            access  to basic  services  such as   Index, the Logistics Performance
            Sri Lanka’s CGDR  index score   electricity and safe drinking water   Index (LPI) infrastructure rating,
            provides insight into its overall   are at a quite satisfactory level.   and the time it takes businesses to
            progress towards digital readiness                              obtain  access  to electricity. Sri
            calculating 10.58 out of a maxi-                                Lanka recorded 2.24 (out of 4.00)
            mum possible total of 25.0 repre-                               for this sub-component. But con-
            senting a minimum acceleration.                                 troversially, Sri Lanka positioned
            The CGDR index has taken  a                                     low in technology  adaption  and
            holistic  approach  that  includes                              infrastructure  as in 2019 it
            seven different  components  to                                 indicates  0.86 (out of 3.00) for
            build a complete picture of a cou-                              ‘Technology Adaption’ and 0.39
            nty’s digital readiness taking sev-                             (out of 4.00) for ‘Technology
            en components into the consider-                                Infrastructure’ showing minimum
            ation.                                                          activation on its digital journey.

            The  true  value  of a  nation’s   Figure 6: Digital Readiness of Sri   According to the Global Compet-
            technology and infrastructure  is   Lanka (CGDRI-2019)          itiveness Index 4.0 in 2019 editi-
            delivered through its population’s   Source: Cisco public| Cisco   on, Sri Lanka ranked 107th (out
            ability to take advantage of it.   Global Digital Readiness Index,   of 141 countries)  for  ICT
            Without a population’s basic    2019                            adoption  (index components:



     56            January 2021
   53   54   55   56   57   58   59   60   61   62   63