Even in a hyperconnected world, physical location still matters to entrepreneurs, investors and talent. Factors affecting a start-up’s decision on where to establish their headquarters include quality of life, cost of living, proximity to academic institutions, government support, the economy and existing “ecosystems” that help new businesses.
According to a 2015 Markets and Markets report, the global Smart Cities market will grow from $411 billion in 2014 to $1,135 billion by 2019 and the impressive Smart Cities conference in Barcelona last week brought together all the stakeholders to discuss the ways cities can use technology to become more responsive.
London is currently ranked 26 out of 33 other European cities in terms of broadband speeds, with an average download broadband speed of 26.3Mbps. Romanian capital Bucharest topped the table with speeds of 81.2Mbps, followed by Paris and Lithuania’s capital city Vilnius with 78.15Mbps and 60.14 Mbps respectively.
via Content Loop
A ground-breaking comprehensive census of London’s tech businesses launched today with a mission to map out the capital’s tech sector. The Great London Tech Census will bring together big data, individual interviews and an online questionnaire to create a detailed analysis of London’s tech cluster.
via Tech City News
The London Datastore was created by the Greater London Authority (GLA) as an innovation towards freeing London’s data. Citizens can access the data that the GLA and other public sector organisations hold, and use that data however they see fit – free of charge.
The GLA is committed to influencing and cajoling other public sector organisations into releasing their data here too.
via London DataStore
In a report produced for the event, Boston Consulting Group gave the capital a spanking over broadband. It said: “London, which does not have top-of-the-line fibre optic connection across all boroughs, suffers from mobile dead spots.”
The city should benchmark its broadband against other cities with which it competes and launch an initiative to facilitate the development of public Wi-Fi and full-scale fibre rollout.
via The Observer
Over the next decade, the London digital technology sector is expected to grow at a rate of 5.1 percent per year. This will create an additional £12 billion of economic activity and 46,000 new jobs in the UK capital.
And the tech sector in London, South East and East England – including Oxford and Cambridge – is growing faster than California.