Japan Digital Agenda 2030 – Big moves to restore digital competitiveness and productivity published by McKinsey & Company (2/2021).
“In 2020, the great nation of Japan stood as the world’s third largest economy, underpinned by an endowment that includes a top education system, leadership in sectors such as industrial and automotive manufacturing, high-quality infrastructure, as well as a professional culture infused with a strong work ethic and repeatable methods to produce high-quality goods and services.
Yet, Japan’s productivity has gone from stagnant to declining, a course that needs imminent reversal to remain globally competitive. On the rise are competing nations making significant productivity gains through the development of technical talent, and the application of proven digital technologies that include cloud based infrastructure and software, mobile devices and apps, machine learning and deep learning, and many others.
Japan’s relatively low digital competitiveness is in stark and unexpected contrast to the country’s economic strength. In 2020 the country ranked 27th in digital competitiveness and 22nd in digital talent, and it has single-digit penetration in areas such as e-commerce, mobile banking, and digital government service usage. The country has produced just 5 out of more than 500 unicorn startups globally (startups with a private or public valuation of more than U$1B). These metrics fall far short of Japan’s full potential…”
