Page 5 - DWF City of London Report 2018

City of London: Blueprint for growth

Tech-enabled

growth

Smart investment in technology has The top tech trends predicted to be the most important to the
the power to drive forward growth and
strengthen London’s position as a global FTSE 100 in the next three years have altered slightly
business hub. Only 5 per cent of those
we asked did not think technological in-
novation was integral to their company’s 2017 2018
business strategy in the next five years.
This demonstrates the importance of
this growth strategy to business leaders. 1 77% Big data and analytics Big data and analytics 79% 1
Technology innovation could also be a
key differentiator for London post-Brexit,
access to London’s start-up scene was Widescale
the #1 reason businesses based their 2 66% IoT automation 53% 2
HQ in London over other international
cities (last year it was in 3rd place).
3 45% Cyber security AI 40% 3
88 % 4 41% AI IoT 39% 4

of bankers and insurers state that tech
innovation is crucially integral to their 5 27% Widescale Cyber 37% 5
business strategy within the next 5 years automation security

If not London, where? Cities viewed as the greatest competitive threats to London

2017 2018
45% | 33% Berlin
49% | 42% Frankfurt

65%
56% New York
3% 67%
33% Chicago 41% Hong Kong

54%
29% Singapore

41%
60% Amsterdam