ICT investment in cities drives business infographic
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GLOBAL REPUTATION IS IMPORTANT Top performing cities are competing to attract the best brains and entrepreneurs from around the world. The City Index evaluates how ICT maturity relates to a city’s social, economic and environmental development, also known as the triple bottom line. This includes the availability and performance of ICT infrastructure and it’s associated triple bottom line benefits. Indicators related to business activities within a city context have been chosen to reflect the total triple bottom line benefits derived from ICT investments in a particular city. The Networked Society City Index analyzes ICT-driven benefit creation in 25 of the world’s largest cities. The latest installment in this series focuses on business and the positive effects that ICT has on innovation and entrepreneurship. ICT INVESTMENT IN CITIES DRIVES BUSINESS NEW YORK, STOCKHOLM, LONDON AND SINGAPORE – HIGHLY CONNECTED AND GOOD FOR BUSINESS © Ericsson 2012 Read the full Networked Society City Index report at: http://www.ericsson.com/res/docs/2012/networked-society-city-index-report-part-3.pdf Source: Maddock and Viton, 2008 Comparing cities’ ICT maturity TRANSFORMATION STILL LIES AHEAD Current ICT benefits have been constrained by existing industry boundaries. Real transformation will demand radically different solutions to city challenges. New York’s open data initiative and São Paulo’s digital tax filing program for business transactions are creating more open and transparent city governments. PREDICTABLE CONDITIONS ARE GOOD FOR BUSINESS Businesses benefit from clear legal and fiscal frameworks. New York City’s business incubators encourage entrepreneurial activity in that city while London’s Business Boot Camp teaches start-ups the skills necessary to build successful business. ICT STRATEGY DRIVES ENTREPRENEURSHIP Successful business cities all share well-developed ICT strategies and implementation programs. In Delhi, citizens can engage in entrepreneurial activities and receive payment for their work through Eko, a low-value financial transaction service completed using a mobile phone or through a retail outlet. INDIVIDUALS EMBRACE INNOVATION FIRST Benefit creation starts with and is initially driven by individuals. A one percentage point increase in broadband penetration increases new business registration by 3.8 percent. BUSINESS BENEFITS FROM ICT INVESTMENT There is a continued correlation between ICT maturity and triple bottom line benefits. Source: Broadband and Entrepreneurship, Carlsén and Zhou, Stockholm School of Economics, 2012 Cities with higher concentrations of colleges and universities are more likely to encourage entrepreneurial activity. The Skolkovo Innovation Center, outside of Moscow, aims to modernize Russia’s industry through R&D activities and Singapore is launching its ICT-enabled Intelligent Energy System to encourage economic development. Read the full Networked Society City Index report at: http://www.ericsson.com/res/docs/2012/networked-society-city-index-report-part-3.pdf 6 TAKEAWAYS
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The Networked Society City Index aims to develop a comprehensive evaluation of cities’ ICT maturity and their triple bottom line development. Through a series of reports we have analyzed 25 urban areas around the world from a city, citizen, and now, business perspective. This infographic summarizes the key finding from the report. For more information visit: http://www.ericsson.com/thinkingahead/networked_society/city-life
Transcript of ICT investment in cities drives business infographic
Global reputation is importantTop performing cities are competing to attract the best brains and entrepreneurs from around the world.
The City Index evaluates how ICT maturity relates to a city’s social, economic and environmental development, also known as the triple bottom line. This includes the availability and performance of ICT infrastructure and it’s associated triple bottom line benefits. Indicators related to business activities within a city context have been chosen to reflect the total triple bottom line benefits derived from ICT investments in a particular city.
The Networked Society City Index analyzes ICT-driven benefit creation in 25 of the world’s largest cities. The latest installment in this series focuses on business and the positive effects that ICT has on innovation and entrepreneurship.
ICT INVESTMENT IN CITIES DRIVES BUSINESS
new York, stockholm, london and sinGapore – hiGhlY connected and Good for business
© Ericsson 2012
Read the full Networked Society City Index report at: http://www.ericsson.com/res/docs/2012/networked-society-city-index-report-part-3.pdf
Source: Maddock and Viton, 2008
comparing cities’ ict maturity
transformation still lies aheadCurrent ICT benefits have been constrained by existing industry boundaries. Real transformation will demand radically different solutions to city challenges.
New York’s open data initiative and São Paulo’s digital tax filing program for business transactions are creating more open and transparent city governments.
predictable conditions are Good for business Businesses benefit from clear legal and fiscal frameworks.
New York City’s business incubators encourage entrepreneurial activity in that city while london’s business boot camp teaches start-ups the skills necessary to build successful business.
ict strateGY drives entrepreneurshipSuccessful business cities all share well-developed ICT strategies and implementation programs.
In Delhi, citizens can engage in entrepreneurial activities and receive payment for their work through Eko, a low-value financial transaction service completed using a mobile phone or through a retail outlet.
individuals embrace innovation first Benefit creation starts with and is initially driven by individuals.
A one percentage point increase in broadband penetration increases new business registration by 3.8 percent.
business benefits from ict investment There is a continued correlation between ICT maturity and triple bottom line benefits.
Source: Broadband and Entrepreneurship, Carlsén and Zhou, Stockholm School of Economics, 2012
Cities with higher concentrations of colleges and universities are more likely to encourage entrepreneurial activity.
The skolkovo innovation center, outside of Moscow, aims to modernize Russia’s industry through R&D activities and Singapore is launching its ICT-enabled intelligent energy system to encourage economic development.
Read the full Networked Society City Index report at: http://www.ericsson.com/res/docs/2012/networked-society-city-index-report-part-3.pdf
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