CA Technologies report focuses on App economy

| Updated: Aug 26, 2016 22:37 IST

New Delhi [India], Aug.26 (ANI-Newsvoir): A new report released today by The Economist Intelligence Unit and sponsored by CA Technologies studies the app economy and the interactions among three key stakeholder groups: start-ups, enterprises, and government. The report, based on a survey of 377 government officials, startup executives and enterprise executives from around the world, finds that most survey respondents agree that the United States is the world's best place to start or grow an app business. However, when asked which region provided the most collaboration among ecosystem stakeholders, Europe was the favourite for startup and government respondents, but least favourite for enterprise respondents. Business and government respondents differ markedly on the effectiveness of government support for start-ups. 73 percent of government respondents believe social support for app-economy employees is "very helpful", for example, while only 30 percent of start-up respondents and 40 percent of enterprise respondents believe so. Such disconnections may become critical to bridge in upcoming years as governments try to grow their app economy to enhance job creation, citizen engagement and better public service. Start-up respondents' biggest concerns centre on cyber-security and privacy risks. Surveyed government officials are in agreement; and three-quarters of them around the world expect to strengthen rules or laws in their jurisdiction relating to data privacy. The report is part of a global, multi-part content programme entitled "App Nations: Start-Ups, States and Enterprises". Building on "Crystal Balls", a documentary-led initiative launched at Davos in January 2016 which explored start-ups and the future of the app economy in three global hot spots, the current programme will also comprise local market briefings and an interactive tool which explores the details of a broader range of hot spots of the app economy. Sunmin Kim, Editor of the Report, said, "Tech start-ups have been the focus of the app economy in many cities around the world. But as the ecosystem evolves, there's appetite for larger enterprises seeking to benefit from collaboration with start-ups. Striking the right balance of support to them will remain an ever-present challenge for governments and the broader technology ecosystem." (ANI-Newsvoir)