SOUMITRA DUTTA: The Global Innovation Index is unique in capturing a holistic view of innovation in countries around the world. A lot of the inspiration and the ideas behind the Innovation Index emerged from our observation many years ago that innovation did not really require a PhD or advanced degrees. So I started researching and talking to people and trying to understand innovation as it [? happens in ?] societies. And I came away convinced that innovation was a much more broad based capability in societies around us. And that led to the creation of the Global Innovation Index which really addresses innovation as it happens in both developed markets and also in developing markets.
So the Global Innovation Index today really comprises a rich body of data. Which is unique. There's no other comparable source of data on innovation around the world. And this data can be analyzed in different ways-- by country, by region, by economy-- and we can really get insights which are very hard to obtain otherwise.
Besides the data and the numerical part, which of course [? leads ?] the rankings, but the data is really fundamental in terms of value out there. Every year we focus on a team and we invite experts from around the world to contribute chapters on the team. Two years ago we had a focus on human capital, last year we focused on the whole importance of global innovation, and this year we're focusing on innovation, agriculture and food systems.
So the benefit of having 10 years of data on innovation around the world is today we can actually observe how trends have evolved innovation across different countries. So one clear observation has been that the innovation divide is actually real and exists between the high income economies and the lower income economies. Also what we observe is innovation really has become a global phenomenon. If you go beyond the top 10 to the top 25, you find countries from different regions emerging and playing a role in different ways. Innovation is something which is important for economic wealth creation and also I think for giving that social element of entrepreneurship in companies in society.
So I must say I'm very grateful for the success of the Global Innovation Index, and this success is a result of the efforts of multiple partners over the last 10 years. I started the effort when I was a professor at INSEAD. Later I moved to Cornell, Cornell joined the effort. WIPO, which is a very important UN organization joined the effort about five years ago. And the collective effort of INSEAD, Cornell and WIPO today is extremely powerful.
The last 10 years have been certainly very important and very successful for the Global Innovation Index. I look forward to the Global Innovation Index continuing to be an effective tool for insights and decision making in the years to come.
We've received your request
You will be notified by email when the transcript and captions are available. The process may take up to 5 business days. Please contact email@example.com if you have any questions about this request.
Global Innovation Index (GII) co-editor Soumitra Dutta, the founding dean of the Cornell SC Johnson College of Business, discusses the GII 2017, "Innovation Feeding the World." Now in its 10th edition, this year’s GII measures the innovation performance of 127 countries and economies around the world, and focuses on innovation in agriculture and food systems.