Firm-level technology absorption

scale 1-7, 2007–2015

Info Edit

    Technology is understood as a broad concept covering not only products such as machinery, equipment, and material, but also processes and organization methods, all linked by the common factor of enhancing efficiency in production. In addition, technology adoption contributes to a conducive innovation ecosystem. The extent businesses adopt new technology is measured from 1, not at all, to 7, a great extent.

    Source: World Economic Forum