How much does ICT contribute to innovation output? An analysis of the ICT component in the innovation output indicator

Abstract

During the past years, the role of ICT as key driver and enabler of innovation has been widely recognized. The advent and development of ICT transformed the economy and the society in an evident way. However, what and how ICT contributes to this value creation process and its full potential remains hard to detect. There is a need for continuous monitoring of ICT impacts in order to provide policy makers with appropriate tools to define the right policies to seize ICT benefits. In light of this, a final aim for policy makers is to develop methodologies and tools to measure the performance of ICT innovation in Europe. This report analyses the ICT component within the newly released Innovation output indicator and provide additional informative background on the role and relation between ICT and innovation output.