The rise of global cities has provided a sturdy foundation for startups and entrepreneurs to seek greater heights, building a haven for companies and investors from all over the world with two important goals: create business opportunities and encourage technological innovations to grow and prosper not only for the present but also for the years to come.
As homes to the primary international leaders in knowledge and business, these mega cities serve as the melting pots of ideas, cultures and leading economic and technological advances. Some of these leaders come from the most powerful countries in the world like New York, London, Hong Kong, and Tokyo and they have topped charts and have been undefeated for consecutive years.
However, many cities are starting to follow their footsteps and are rapidly emerging as the new players in the global city rankings, thanks to their dynamic market and highly-skilled talent pool. Here they are:
This Southeast Asian city is the most populated region in Myanmar and analysts have observed that it has also one of the fastest growing economies in the country. Yangon’s vibrant and dynamic charm as a tourist destination isn’t the only thing to be celebrated about. Many investors have shown interest in this rising metropolis where culture and innovation blend perfectly well and the city, in response, opened up to foreign investments in 2011.
As the largest city in Nigeria, Lagos holds the most number of population—making it a contender in the global economic race in terms of business and innovation. In fact, it has become a financial hub of the entire continent, alluring multination companies to its shores. Ironically, it’s not like its other counterparts because instead of being a business center, it’s actually a home to “Nolywood,” the region’s biggest film industry, making it a top entertainment hub in Africa.
Santiago is an emerging startup hub in Chile and is one of the most important cities in South America. Reports have recorded a 600% increase in GDP from 1988 to 2017, thanks to a huge number of startups in Santiago. It’s ‘Chilecon Valley’ is a harbor for international entrepreneurs because of its diverse and talented population.
Innovation and sustainability: these two key factors have shaped some of the smartest cities around the world to embrace the future by taking on a more holistic yet inventive approach to building communities, bolstering the economy, streamlining industrial activities, improving public services, and responding to the demands of a high-tech driven population today and in the future.
Creating smart cities was once a vision for technology companies to offer more products and services to consumers in a growing urban setting. However, leaders of these cities started redefining what a “smart city” should be and it led to a more modernized way of how a technologically competitive urban community should holistically respond to the needs of its growing population. How? Let’s take a look at the leading countries in building smart cities to answer that question.
This island-city state has been named the world’s ‘smartest city’ in many occasions because of its Smart Nation Platform that aims to collect millions of data from a nationwide sensor network. In addition to that, a remarkably 98 percent of government services can be accessed online while its mobile apps-friendly systems have improved transport, health, and municipal services.
The country is world-famous not only because of its classical art and majestic ruins but also for its beautiful Barcelona, dubbed as the most wired city in the world. This is because of its impressive computer system fitted to lampposts that can measure traffic levels, crowds, road pollution and last but not the least—the number of photos of specific streets posted on Instagram, thanks to the sensors installed in every part of the city.
England’s London has made it to several ‘smart city’ rankings in the past and even if it continues to grow and age, it has been recognized for its pioneering use of open data, the London DataStore, to create and champion innovative solutions to solve the city’s challenges in urban development and tourism management. These resulted in the birth of smart solutions like transport apps, population and demographic projections, interactive maps, and many more.