IT Strength and Weaknesses
Estonia's IT sector is
carefully looked after, and various developments in this sector are strongly
encouraged by the government. Therefore, the country has been able to develop a
number of strengths during the rather short period of its independence from the
Soviet Union. However, there are still issues to be addressed and problems to be
resolved in order for Estonia to continue gaining momentum in its quest to
develop a true Information Society. In the SWOT analysis below, I attempted to summarize
issues that are within as well as beyond Estonian government's and people's
reach to address.
| Strengths |
Weaknesses |
Opportunities |
Threats |
| Advanced Telecommunication Infrastructure |
Software Piracy Problem |
Opportunity to Capitalize on EU experience |
US Economy Recession |
| Inexpensive Educated and Skillful Workforce |
Brain Drain Problem (educational and professional sectors) |
Advanced Neighboring Countries (Finland, Sweden) |
Possible Recession in the EU |
| IT Focused Government Policies |
IT Work Force Shortage |
Respect for IT development = more venture capital |
Competition from Big Foreign Companies |
| Developed Banking System Including E-Banking |
Small Scope of IT Projects |
Big Russian Market |
Switch of IT FDI and VC inflows to Russia (remote
threat) |
| Potential Availability of Venture Capital |
Small PC Penetration |
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|
| Relaxed FDI Regulations |
Underdeveloped B2C E-commerce |
|
|
| Very High and Growing Internet Penetration |
|
|
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| B2B E-commerce Development |
|
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| Deregulated Telecommunications Sector |
|
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A small size of Estonia, both financially and physically, will probably
prevent it from becoming a leader of IT developments on a world-scale. However,
on the regional basis, Estonia is several years ahead of its Baltic neighbors --
Latvia and Lithuania. Many suggest that the Baltic Region will most likely
become a king of single economic zone. If that happens, Estonia, and especially
Tallinn, taking into consideration its advanced banking and IT position, has a
good chance of establishing itself as a business center of the region.
On the other hand, one cannot forget that one of the countries that Estonia
borders is Russia. Even though the Russian economy is in a deep depression at
the moment, possible future improvements may not be discounted. Estonia, being
at the more advanced stage of development right now, should watch Russia very
carefully for not to miss an opportunity to capitalize on the huge potential
Russian market for its IT development and expertise. At the same time, one of
the threats of the potential economic rebound in Russia for Estonia might be the
possibility that the advanced countries will divert their FDI and VC to Russia
in order to take advantage of even cheaper labor and scientific
expertise.
At the moment, Estonian policy on IT development is the most favorable one
and it looks like it will continue to be such. Being one of the most progressive
European countries in this sector and complying with the EU norms in the
majority of others, Estonia has a good chance to be admitted in to the European
Union rather soon. The admission in the EU seems to be a major factor that
drives all governmental policies produced in the country. The real challenge for
the government, however, in my opinion, will be not to loose the steam and/or
focus after Estonia has been admitted into the EU.