Ericsson ranks Cairo among top cities for ICT-Driven benefit creation
- Egypt: Sunday, January 06 - 2013 at 16:30
- PRESS RELEASE
Ericsson has placed Cairo on its latest Networked Society City Index report draws a correlation between ICT maturity and the ability to use ICT to benefit business. Ranked 17, Cairo was one of two Middle East cities included in the list, while New York, Stockholm and London took the top three positions.
For example, it enables new product innovations such as music and video streaming, e-commerce and cloud services.
Secondly, ICT improves access to markets - for example, by enabling entrepreneurs and specialized niche firms to reach larger geographical markets. Thirdly, ICT reduces the cost of transactions between firms - for example, by minimizing the need to be located geographically close to suppliers, partners and customers.
"This report builds on our previous Networked Society City Index reports to examine how ICT can benefit a city and its citizens from an economic, social and environmental perspective," said Anders Lindblad, President, Ericsson Region Middle East and North Africa.
"The report delivers excellent insights into how change mechanisms in cities such as Cairo can be leveraged to help future generations create positive triple bottom line benefits for society."
The positive correlation between ICT maturity and economic development is widely supported by numerous academic reports and case studies. For example, data issued by Ericsson earlier this year showed that quadrupling the speed of broadband in Egypt has the potential to contribute an additional 0.6% or approximately $1.377bn, to the nation's Gross Domestic Product (GDP).
Patrik Regårdh from Ericsson's Networked Society Lab said: "We see the individual - rather than city institutions or businesses - as the drivers of development resulting from ICT maturity. Governments follow by adapting to citizens' changing behavior, while businesses primarily adopt ICT innovations to increase internal efficiency. More importantly, government decisions help steer the business sector's ICT development. Therefore, changes in policy, regulation and planning, paired with research and support for taking risks and funding, are some of the key factors for driving progress. These factors are crucial in helping organizations of all sizes to connect, collaborate and compete more effectively."
Other cities included in the Index were: Beijing, Buenos Aires, Delhi, Dhaka, Istanbul, Jakarta, Johannesburg, Karachi, Lagos, Los Angeles, Manila, Mexico City, Moscow, Mumbai, Paris, São Paulo, Seoul, Shanghai, Singapore, Sydney and Tokyo. 28 indicators have been used to measure the total benefits in the index for each city: The indicators can be categorized into two dimensions: cities' ICT maturity and benefits from ICT investments from both a social, economic and environmental point of view.
Ericsson is the world's leading provider of communications technology and services. We are enabling the Networked Society with efficient real-time solutions that allow us all to study, work and live our lives more freely, in sustainable societies around the world.
Our offering comprises services, software and infrastructure within Information and Communications Technology for telecom operators and other industries. Today more than 40% of the world's mobile traffic goes through Ericsson networks and we support customers' networks servicing more than 2.5 billion subscribers.
We operate in 180 countries and employ more than 100,000 people. Founded in 1876, Ericsson is headquartered in Stockholm, Sweden. In 2011 the company's net sales were SEK226.9bn ($35.0bn). Ericsson is listed on NASDAQ OMX, Stockholm and NASDAQ, New York stock exchanges.
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