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Similarities and differences between digitalization indexes

Author

Listed:
  • Olena Korzhyk

    (Universidade Autónoma de Lisboa, Lisboa, Portugal)

  • Jorge Vareda Gomes

    (Universidade Autónoma de Lisboa, Lisboa, Portugal)

  • Gonçalo João

    (Universidade Autónoma de Lisboa, Lisboa, Portugal)

Abstract

Digitalization is nowadays one of the fastest developing processes. The adoption of digital technologies can provide innumerous opportunities for the organizations to evolve and gain competitive advantage by leveraging of technologies to respond to dynamic expectations and demands. Information about the country digitalization level is essential to decision makers in both public and private organizations. It can present insights on which areas need the most investment, and furthermore to gain feedback on the outcomes of these investments. For companies, it can create a certain predictability on which products and services will be required the most. To assess the evolution of this process in different countries, various indexes were proposed and employed by different corporations. The Digital Economy and Society Index (DESI) and ICT Development Index (IDI) are used by public organizations. Digitalization Index (DiGiX) and Cisco Digital Readiness Index (CISCO) are used by private companies. Comparing two sectors highlights the most common factors of digital evaluation. Indexes are analyzed thoroughly by their structure, coverage, weights, methodology and ranking. The result of the practical work is a equivalence table which shows the percentage of their similarity. Additionally, a new digitalization index is proposed, based on the result of the previous comparison, which can be applied to analyze both public and private sector of the country’s digitalization level.

Suggested Citation

  • Olena Korzhyk & Jorge Vareda Gomes & Gonçalo João, 2024. "Similarities and differences between digitalization indexes," Journal of Economic Analysis, Anser Press, vol. 3(3), pages 138-160, September.
    • Handle: RePEc:bba:j00001:v:3:y:2024:i:3:p:138-160:d:220
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    References listed on IDEAS

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    1. Saarikko, Ted & Westergren, Ulrika H. & Blomquist, Tomas, 2020. "Digital transformation: Five recommendations for the digitally conscious firm," Business Horizons, Elsevier, vol. 63(6), pages 825-839.
    2. Taku Nemoto & Javier López González, 2021. "Digital trade inventory: Rules, standards and principles," OECD Trade Policy Papers 251, OECD Publishing.
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    Cited by:

    1. Li, Jinlong & Shi, Yang & Song, Xiaowei, 2024. "The dynamics of digitalization and natural resources in shaping the sustainable development agenda in BRICS-T nations," Resources Policy, Elsevier, vol. 91(C).

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