The UK has improved its use of IT according to the newly released Global Information Technology Report 2012, from the World Economic Forum (WEF), jumping five places from 15th to 10th based on the same report last year.
Sweden and Singapore topped the rankings again this year, as they did in 2011. Finland also kept its position in third place while Denmark displaced Switzerland in fourth place, and Switzerland came in fifth.
"The top five countries display very conducive environments for innovation, and have done their homework on IT infrastructure. This has positive impacts on society and government," said Beñat Bilbao-Orsorio, WEF economist.
"The next five countries [in the top 10] perform well but they have certain weaknesses in the 10 pillars we analyse and this is dragging them down in their rankings."
The annual report makes use of the Networked Readiness Index (NRI) which measures how well countries from all around the world exploit the opportunities offered by IT.
The index attempts to gauge the environment for IT offered by the country and the readiness of the country's individuals, businesses and government to use IT.
The report covers 142 economies worldwide and remains one of the most comprehensive international assessments of how nations use technology to develop and compete.
The UK measured particularly well in the sub-categories of government and individual usage of IT, as well as the impact IT has on society.
The UK's regulatory environment also encourages growth of the IT sector, according to the data, as the country assumed 10th place in this category as well.
However the UK was marked down in 27th place in other areas, because its IT products and services are relatively expensive when compared to other countries, which include many developing economies.
The UK also has a relatively poor business innovation environment, ranking 20th in this particular area.
"Rounding up the top 10, the UK delivers a consistent, yet perfectible, performance in the NRI. The country obtains its best marks in the usage and impact subdexes. ICT is pervasive among the population at large and in the government," said the report.
"Yet in all these categories, the UK does not play a leading role as it is systematically outperformed by the Nordics, the Asian Tigers, or both. Finally its business and innovation environment would benefit from reforms to further encourage entrepeneurship."
Cotton seedling freezes to death as Chang'e-4 shuts down for the Moon's 14-day lunar night
Fortnite easily out-earns PUBG, Assassin's Creed Odyssey and Red Dead Redemption 2 in 2018
Meteor showers as a service will be visible for about 100 kilometres in all directions
Saturn's rings only formed in the past 100 million years, suggests analysis of Cassini space probe data
New findings contradict conventional belief that Saturn's rings were formed along with the planet about 4.5 billion years ago