This document is the introduction to the Global Information Technology Report 2010-2011. It was edited by Soumitra Dutta of INSEAD and Irene Mia of the World Economic Forum. The report examines the networked readiness of economies worldwide and explores ICT-enabled transformations. It contains country profiles, case studies on best practices, and chapters on topics such as the emerging internet economy, building communities around digital highways, and the promise of technology. The report aims to assess networked readiness for the 10th year and analyze Transformations 2.0 brought about by information and communication technologies.