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What the Index includes
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The Attributes Analyzed
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The Index by Rank
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'0=86@;7A5&!712<;<71?!
*1;0A1@;<71@6&!7110E;<C<;5!
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.#U&,!#'(& 10.0 9.0 10.0 9.0 9.4 9.2 10.0 9.3 8.0 8.8
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X@:@1 85 1 8.7 9.0 10.0 8.0 8.2 9.0* 10.0 6.8 6.5 8.4
Y71=&T71= 83 2 7.5 9.0 10.0 6.4 8.4 9.2 10.0 9.3 5.0 8.4
T7A0@ 82 3 8.7 7.0 10.0 9.0 8.6 8.4 7.5 6.4 8.0 8.8
,<1=@:7A0 82 3 10.0 9.0 6.0 5.6 9.4 8.9 7.5 8.9 8.0 8.3
)8?;A@6<@ 78 4 10.0 6.0 8.0 5.3 6.6 8.0 10.0 8.1 8.0 7.7
.@<D@1 76 5 6.2 8.0 10.0 5.4 7.3 8.2 10.0 7.8 5.0 7.7
+0D&Z0@6@12 73 6 7.5 4.0 10.0 5.3 8.7 6.9 8.7 7.5 6.5 8.2
P@6@5?<@ 68 7 7.5 6.0 6.0 4.7 8.8 7.6 10.0 6.5 5.0 6.3
!/<1@ 60 8 8.7 9.0 2.0 4.9 5.2 7.0 6.2 6.3 5.0 5.7
*12<@ 53 9 6.2 6.0 6.0 4.7 6.6 4.1 7.5 5.9 2.0 4.2
./@<6@12 51 10 5.0 5.0 2.0 5.0 4.1 7.6 7.5 6.6 2.0 5.7
*12710?<@ 50 11 7.5 4.0 6.0 4.6 4.3 4.8 8.7 3.3 2.0 5.0
[<0;1@9 48 12 7.5 5.0 4.0 4.5 3.5 4.8 3.7 5.0 5.0 5.5
U/<6<::<10? 45 13 5.0 5.0 2.0 4.6 3.7 4.5 7.5 5.1 2.0 5.4
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Country
Highlights!
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Cloud Readiness Index 2011 by the Asia Cloud Computing Association

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  •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`#/1/54D!%9#! Q9.1.$$.5#-D!".56/$2(#D! 8/.E/5D!89/.1/54D!/54! a.#%5/&@!! ! W9.1#!%9#-#!7235%(.#-!9/A#! '##5!-#1#7%#4!C2(!%9#!C.(-%! A#(-.25!2C!%9#!;54#<!'#7/3-#! %9#=!/(#!B#=!&/(B#%-D!%9#! ,--27./%.25!.5%#54-!%2! .57134#!&2(#!7235%(.#-!.5!%9#! (#6.25!.5!C3%3(#!A#(-.25-!2C! %9#!;54#<@! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! );;A<B8;0&#C0AC<0D& ! 89#!;54#<!/5/1=-#-!+*!B#=! /%%(.'3%#-!7(.%.7/1!%2! -377#--C31!4#$12=&#5%!/54! 3-#!2C!71234!72&$3%.56! %#7952126=@!J=!&/$$.56!%9#! 7254.%.25-!/54!7(.%#(./! (#K3.(#4!C2(!-377#--C31! .&$1#&#5%/%.25!/54!3$%/B#D! %9#!,--27./%.25!/.&-!%2!9#1$! #5-3(#!,-./H-!4.6.%/1!C3%3(#! /54!/77#1#(/%#!%9#!6(2E%9!2C! %9#!71234!&/(B#%@!! ! ! ! ! ! ! What the Index includes !
  • 4. ,-./!01234!02&$3%.56!,--27./%.25! ! ! ]! ! The Attributes Analyzed & 89#!C2112E.56!+*!B#=!/%%(.'3%#-! 72&$(.-#!%9#!C.(-%!(#1#/-#!2C!%9#! ;54#<[!& ! !:#631/%2(=!0254.%.25-! b.7#5-#!(#K3.(#&#5%!2C!71234! -#(A.7#-!/54!4/%/!7#5%#(-D! .5%#11#7%3/1!$(2$#(%=!$(2%#7%.25D! 1/EC31!.5%#(7#$%!C2(!71234! 725%#5%@! ,78AE0F&G8?<10??&,7H;D@A0& )66<@1E0& ! !!!;5%H1!0255#7%.A.%=!! J/54E.4%9!/A/.1/'1#!C2(! ;5%#(5/%.25/1!7255#7%.A.%=c! 72&'.5#4!E.%9!%9#!(#7.$(27/1!2C! $(.7#!$#(!M'$-! ,78AE0F&.060I07=A@:/5&JKLK& ! d/%/!Q(2%#7%.25!Q21.7=! "3(A#=!'/-#4!/5-E#(-!%2! K3#-%.25-!/'23%!4/%/!$(2%#7%.25! -379!/-[!,(#!71234!$(2A.4#(-!C(##! C(2&!1/E-!%9/%!$#5/1.O#!'/-#4! 25!5/%.25/1.%=e!,(#!%9#(#!1/E-! %9/%!$(2%#7%!3-#(!4/%/! 4.-712-3(#e! ,78AE0F&G8?<10??&,7H;D@A0& )66<@1E0& ! J(2/4'/54!f3/1.%=! 02&'.5/%.25!2C!%9#!J(2/4'/54! f3/1.%=!"72(#!>3$g42E5g1/%#57=?! E.%9!'(2/4'/54!$#5#%(/%.25! C.63(#-!C2(!#/79!7235%(=@!! ,78AE0F&#3H7A2&$1<C0A?<;5& GA7@2B@12&,8AC05& ! ! ! M2A#(5&#5%!Q(.2(.%.O/%.25! 02&'.5/%.25!2C!M2A#(5&#5%!;08! $(.2(.%.O/%.25D!01234!:X;-g:XQ-! ,78AE0F&47A62&(E7179<E& M7A89NI67B@6&*1H7A9@;<71& .0E/1767=5&'0:7A;O&./0& )??7E<@;<71&909B0A?& ! Q2E#(!M(.4!f3/1.%=! S1#7%(.7.%=!-3$$1=!/A/.1/'.1.%=[! #A/13/%#-!.5%#((3$%.25-!/54! -92(%/6#-!-2!%9/%!71234!-#(A.7#-! /(#!4#1.A#(#4!35.&$#4#4! ,78AE0F&47A62&(E7179<E&M7A89& I67B@6&!79:0;<;<C010??&'0:7A;& JKLK& ! ;5%#(5#%!X.1%#(.56! ;572&.56!C.1%#(.56!2C!725%#5%D! C(##42&!2C!725%#5%!C12E! E.%923%!%/(.CC!/54!5#%!5#3%(/1.%=! $21.7=!.5!$1/7#! ,78AE0F&G8?<10??&,7H;D@A0& )66<@1E0& ! J3-.5#--!SCC.7.#57=!;54#<! J/-#4!25!C.A#!C/7%2(-[! $(2437%.A.%=D!1/'2(!&/(B#%D! C.5/57#D!&/5/6#&#5%!$(/7%.7#-D! /54!/%%.%34#-gA/13#-! ,78AE0F&*1;0A1@;<71@6&*1?;<;8;0& P@1@=0901;&%0C067:901;& ! ! M12'/1!:.-B! "#A#5!B#=!(.-B!/(#/-[! &/7(2#7252&.7D!-#73(.%=D! 62A#(5/57#D!(#-23(7#!-#73(.%=D! 71.&/%#D!$/54#&.7-D!/54!-27.#%/1! (#-.1.#57#! ,78AE0F&P@:60EA7H;&I67B@6&'<?Q& );6@?&@12&M@86;&6<10?& ! ;08!d#A#12$&#5%! S1#A#5!;08!.54.7/%2(-!/(#! .57134#4!.5!%9#!;d;!>6(23$#4!'=! %9#!%9(##!-3'I.54.7#-[!/77#--D! 3-#D!/54!-B.11-?! ,78AE0F&*1;0A1@;<71@6&.060=A@:/& $1<71&JKLK&R&*!.&%0C067:901;& *1203&S*%*?! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! !
  • 5. ,-./!01234!02&$3%.56!,--27./%.25! ! ! V! ! Methodology! ! ! ! ! ! ! ! ! P0;/72767=5&'06<@B<6<;5& ! S/79!/%%(.'3%#!5##4#4!%2!'#!9/541#4!4.CC#(#5%1=@!;5!-2&#!7/-#-!.%!E/-!25#!&#%(.7!C(2&!%9#!-23(7#! 1.-%#4!%9/%!E/-!52(&/1.O#4!%2!'#!25!/!-7/1#!2C!%#5@!;5!2%9#(!7/-#-!%9#!&#%(.7!.-!/5!/A#(/6#!2C!/!C#E! $/(/&#%#(-!%9/%!/(#!72&'.5#4!C(2&!25#!-23(7#@!89#!251=!-$#7./1!/%%(.'3%#!.-!62A#(5&#5%! $(.2(.%.O/%.25c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
  • 6. ,-./!01234!02&$3%.56!,--27./%.25! ! ! h! ! The Index by Rank & & *+%(-&,!#'( ')+T & '0=86@;7A5&!712<;<71?! *1;0A1@;<71@6&!7110E;<C<;5! %@;@&UA7;0E;<71&U76<E5! GA7@2B@12&V8@6<;5 I7C0A1901;&UA<7A<;<W@;<71 U7D0A&IA<2&V8@6<;5 *1;0A10;&M<6;0A<1= G8?<10??&(HH<E<01E5&*1203 I67B@6&'<?Q *!.&%0C067:901; .#U&,!#'(& 10.0 9.0 10.0 9.0 9.4 9.2 10.0 9.3 8.0 8.8 & X@:@1 85 1 8.7 9.0 10.0 8.0 8.2 9.0* 10.0 6.8 6.5 8.4 Y71=&T71= 83 2 7.5 9.0 10.0 6.4 8.4 9.2 10.0 9.3 5.0 8.4 T7A0@ 82 3 8.7 7.0 10.0 9.0 8.6 8.4 7.5 6.4 8.0 8.8 ,<1=@:7A0 82 3 10.0 9.0 6.0 5.6 9.4 8.9 7.5 8.9 8.0 8.3 )8?;A@6<@ 78 4 10.0 6.0 8.0 5.3 6.6 8.0 10.0 8.1 8.0 7.7 .@<D@1 76 5 6.2 8.0 10.0 5.4 7.3 8.2 10.0 7.8 5.0 7.7 +0D&Z0@6@12 73 6 7.5 4.0 10.0 5.3 8.7 6.9 8.7 7.5 6.5 8.2 P@6@5?<@ 68 7 7.5 6.0 6.0 4.7 8.8 7.6 10.0 6.5 5.0 6.3 !/<1@ 60 8 8.7 9.0 2.0 4.9 5.2 7.0 6.2 6.3 5.0 5.7 *12<@ 53 9 6.2 6.0 6.0 4.7 6.6 4.1 7.5 5.9 2.0 4.2 ./@<6@12 51 10 5.0 5.0 2.0 5.0 4.1 7.6 7.5 6.6 2.0 5.7 *12710?<@ 50 11 7.5 4.0 6.0 4.6 4.3 4.8 8.7 3.3 2.0 5.0 [<0;1@9 48 12 7.5 5.0 4.0 4.5 3.5 4.8 3.7 5.0 5.0 5.5 U/<6<::<10? 45 13 5.0 5.0 2.0 4.6 3.7 4.5 7.5 5.1 2.0 5.4 & & Japan’s power grid quality score is pre-earthquake based.
  • 7. ,-./!01234!02&$3%.56!,--27./%.25! ! ! i! ! Country Highlights! & & X@:@1& & & d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jV**&!%2!.573'/%#!%9#! 71234!C2(!'2%9!$3'1.7!/54!$(.A/%#!-#7%2(!71234! .5.%./%.A#-!(/.-.56!%9#.(!.5A#-%&#5%!%2! Y"j)'.11.25!'=!)*+]@!!89#.(!-%/%#4!/.&!.-!%2! 7/$%3(#!+*k!2C!%9#!612'/1!71234!&/(B#%!'=!)*+]! /54!/79.#A#!/!V*k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d,!/54!2%9#(! 62A#(5&#5%!/6#57.#-!354#(-%/54!%9#! -.65.C.7/57#!2C!;08!%2!#7252&.7! 72&$#%.%.A#5#--@!".56/$2(#!-72(#4!E#11!.5!&2-%! 7/%#62(.#-!/54!E#!-##!%9#&!.&$(2A.56!%9#.(! -72(#-!/-!%9#!(#-31%-!2C!%9#.(!-$#7.C.7!.5.%./%.A#-! /(#!(#C1#7%#4!.5!%9#!#<%#(5/1!&#%(.7-!3-#!C2(!%9#! .54#<!$/(/&#%#(-[!J(2/4'/54!f3/1.%=!/54!d/%/! Q(2%#7%.25!Q21.7=@ & )8?;A@6<@& & ,3-%(/1./H-!-%(256!$21.7=!#5A.(25&#5%!$(2A.4#-!/! $(#4.7%/'1#!#5A.(25&#5%!C2(!71234! -#(A.7#-@!!89#!(211!23%!2C!%9#!L/%.25/1! J(2/4'/54!L#%E2(B!/54!%9#!(#1#/-#!2C!%9#! X#4#(/1!M2A#(5&#5%H-!d.6.%/1!S7252&=!"%(/%#6=! /54!01234!02&$3%.56!"%(/%#6.7!d.(#7%.25!Q/$#(! 4#&25-%(/%#-!/!-%(256!#5723(/6#&#5%!C2(!%9#! 3$%/B#!2C!71234!-#(A.7#-!'=!'2%9!%9#!$3'1.7!/54! $(.A/%#!-#7%2(@!!89#!79/11#56#-!C2(!,3-%(/1./! (#&/.5!%9#!K3/1.%=!2C!%9#!.5%#(5/%.25/1! 7255#7%.A.%=!%2!'#72&#!/!612'/1!71234!-#(A.7#! 93'!/-!E#11!/-!(#631/%2(=!725-%(/.5%-!1.&.%.56! %9#!2CCI-92(.56!2C!4/%/!C2(!7#(%/.5!-#7%2(-D!-379! /-!C.5/57./1!-#(A.7#-@!! & & & & & & &
  • 8. ,-./!01234!02&$3%.56!,--27./%.25! ! ! l! ! +0D&Z0@6@12& 89#!L#E!`#/1/54!M2A#(5&#5%H-!(#7#5%!%#54#(! C2(!$(.A/%#!71234!.-!/!-%(256!.54.7/%2(!2C!%9#! /$$#%.%#!71234!.5!%9#!$3'1.7!-#7%2(@!!89#!(211!23%! 2C!%9#!Y1%(/IX/-%!J(2/4'/54!E.11!#5/'1#!(3(/1! 72&&35.%.#-!%2!%/$!.5%2!71234!-#(A.7#-D! #-$#7./11=!-&/11!/54!&#4.3&!#5%#($(.-#-@!!89/%! -/.4D!.5%#(5/%.25/1!7255#7%.A.%=!.-!/!&/U2(!/(#/! C2(!4#A#12$&#5%!/54!72314!#/-.1=!/CC#7%!%9#! (#1./'.1.%=!2C!-#(A.7#-@!!L#E!`#/1/54H-!SYI! 72&$1./5%!4/%/!$(2%#7%.25!1/E-!$(2A.4#-!/!1/=#(! 2C!7#(%/.5%=!C2(!71234!73-%2&#(-D!/54!/1-2! -#(A#-!/-!/!'/((.#(!C2(!3-#!2C!2CCI-92(#!71234! -#(A.7#-!43#!%2!(#-%(.7%.25-!25!E9#(#!4/%/!7/5! '#!#<$2(%#4@! & .@<D@1& & ! 8/.E/5H-!%9(.A.56!;08!#72-=-%#&!/54!25#!2C!%9#! E2(14-!&2-%!7255#7%#4!7235%(.#-!.5!%#(&-!2C! '(2/4'/54!$#5#%(/%.25!R!'2%9!E.(#4!/54! E.(#1#--!R9/-!%9#!$2%#5%./1!%2!C3(%9#(!/77#1#(/%#! %9#!/42$%.25!2C!%9#!71234@!!:#7#5%!3$4/%#-!%2! $(.A/7=!/54!4/%/!$(2%#7%.25!1/E-!E.11!7#(%/.51=! /--.-%!.5!$(2&2%.56!3-#!2C!71234!'=!8/.E/5#-#! 73-%2&#(-D!'3%!9/(&25.O/%.25!2C!1/E-!/(2354! 4/%/!-#73(.%=!E2314!7#(%/.51=!9#1$!6(2E!%9#! $2%#5%./1!C2(!8/.E/5!%2!'#!/!612'/1!71234!-#(A.7#! $(2A.4#(@! & P@6@5?<@& & ,!6(2E.56!#7252&=!%9/%!.-!(#1/%.A#1=!-%/'1#!/54! 4#A#12$#4@!!89#!62A#(5&#5%!.-!-%/(%.56!%2!-92E! $2-.%.A#!-.65-!.5!(#6/(4-!%2!#5723(/6.56!01234! 02&$3%.56!/54!%9.-!.-!(#C1#7%#4!.5!.%-! (/%.56@!!89#!79/11#56#!C2(!_/1/=-./!.5!'#72&.56! /!4#-.(#4!93'!C2(!01234!02&$3%.56!.-!&/.51=! (#1/%#4!%2!5#%E2(B.56c!.5%#(5/%.25/1! 7255#7%.A.%=D!72-%-!/54!'(2/4'/54!K3/1.%=@! & !/<1@& & 09.5/!.-!/5!#&#(6.56!#7252&.7!$2E#(923-#! E.%9!%9#!E2(14H-!1/(6#-%!251.5#!$2$31/%.25!/54! E.%9!/5!.57(#/-.56!(/%#!2C!6(2E%9!.5!01234! 02&$3%.56@!!!:#-%(.7%.A#!4/%/!$(2%#7%.25!b/E-! /(#!73((#5%1=!$(29.'.%.A#!.5!(#6/(4-!%2!'3.14.56!/! 612'/1!01234!02&$3%.56!.543-%(=! .5!09.5/@!!!!Z2E#A#(!(#7#5%!/552357#&#5%-!'=! %9#!62A#(5&#5%!%2!.5A#-%!Y"j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b.B#!.%-!#7252&=D!;54./H-!71234!6(2E%9!.-! C2(#7/-%!%2!'#!-$#7%/731/(@!!Z2E#A#(D!%9#(#!/(#! -.65.C.7/5%!79/11#56#-!/%!$(#-#5%!C2(!;54./!%/B.56! 25!/!1#/4.56!(21#!/7(2--!%9#!(#6.25!C2(!01234! 02&$3%.56!.57134.56!%9#!K3/1.%=!2C!.%-!5#%E2(BD! '(2/4'/54!/54!$2E#(!6(.4!7/$/'.1.%.#-@!!!!,5! .&$(2A#4!/54!&2(#!71/(.C.#4!(#631/%2(=! -.%3/%.25!.5!;54./!E2314!/1-2!&/B#!;54./!&2(#!
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