Acquisition of ict by business is a tool for improvement of competitiveness

Abstract

The paper contains the characteristics and analysis of degree of acquisition of information and communication technology by business in Baltic Sea region states. European e-Business Readiness Index is applied with the purpose to compare ICT acquisition by business in the countries and to evaluate achievements and weaknesses. Regression analysis is applied to prove connection between degree of development ICT and the country’s competitiveness rank and also between ICT adoption and its usage by business. Particular attention is devoted to problem areas of ICT application by business in Latvia. The paper provides recommendations aiming to improve competitiveness of business in Latvia.