New OECD Report Shows Thriving Internet Economy, Especially in U.S.
Internet firms continue to drive growth and job creation in the IT industry, with fast-rising demand for mobile services helping to boost revenue and investment in research and development, according to a new OECD report.
The OECD Internet Economy Outlook 2012 says that the top 250 ICT firms, ranked by revenue, boosted employment by 4% in 2010 and 6% in 2011. Hiring grew fastest among Internet firms who increased employment by 29% in 2011, largely driven by Amazon.com and Google adding 50% more employees between 2010 and 2011.
ICT sector employment is highest in the United States, accounting for more than 30% of the OECD total, followed by Japan (16%) and Germany (9%).
To start from the bottom of this excerpt, the last statistic is very encouraging for the future of the United States economy. But on a broader level, this data reads like the textbook desired goals for disruptive competition. Increase in revenue, job creation and expansion in hiring, investment in R&D — this is what comes out of innovation, and why DisCo highlights companies who make it happen, and draws attention to others attempting to squash it.