This data has been created by the Regional Australia Institute for the [In]Sight competitive index released in 2012. Modelled on the World Economic Forums Global Competitiveness Report [In]Sight was developed in collaboration with Deloitte Access Economics and combines data from sources including the Australian Bureau of Statistics and the Social Health Atlas of Australia.
Business sophistication is determined by two key factors: the quality of a region's overall business networks and the quality of individual firms operations and strategies. These two elements are inextricably linked and work together to encourage higher efficiency and levels of competitiveness. A regions level of business sophistication signals to potential investors the region's current productivity capabilities and their potential for responding to competitive pressures.