Articles about London

It’s not an uncommon view that Silicon Valley is the be-all and end-all of the tech industry. Companies like Facebook and Google give the valley a status in the tech industry that few share.

However, while Silicon Valley still rightly retains its reputation as a center for invention and innovation, London has quietly but confidently become something of a hub for research in AI. This is no accident -- supported by The City’s banking, financial services, and insurance (BFSI) industry and the nation's technological heritage, London has become a global hub for AI innovation. It has the right knowledge base and conditions for this to continue long into the future.

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Geopolitical tensions are on the rise around the world and global economic structures continue to evolve as a result. Political disruption and unrest can have a far-reaching impact on the rest of the globe. This impact can be seen most clearly in the ripple effects that the current ongoing Ukraine-Russia war has had on the rest of the world in terms of economic volatility, food insecurity, and dramatic price increases.

Businesses are, of course, hyper-focused on ensuring their resilience to geopolitical risk, fragmentation, and uncertainty, which according to McKinsey’s latest Economic Conditions Outlook is at the top of the agenda for CEOs. But, if businesses want to safeguard their resilience during this disruptive time, organizations will need to prioritize their security.

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Every crisis presents an opportunity -- a truism never more evident than in Chancellor Rishi Sunak’s latest investment into the UK’s digital landscape.

For years, the UK economy has faced a fundamental problem; we have more need for highly skilled digital professionals and leaders than we have workers to satiate that demand. Recent research from Microsoft found that the vast majority (69 percent) of UK business leaders believe their organization currently has a skills gap, with a significant 44 percent fearing that this will have a negative impact on their success in the next year.

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A survey, by IT services provider NTT DATA, of senior leaders in the London insurance market shows a major appetite for technological change within the industry.

It finds that 70 percent of insurance leaders are looking to invest in robotic process automation (RPA) in the future, while 51 percent are focusing their budget on AI and machine learning, exploring use cases like using AI in underwriting to recognize patterns in large data sets and inform human decision making.

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With the General Data Protection Regulation (GDPR) in effect, and Brexit negotiations in full swing, there is tremendous debate about London’s new place in the world economy. However, even in a post-Brexit and GDPR world, London is a resilient city with a 400-year history at the center of trade and finance.

In 1998, my company, Interxion,strategically chose central London as the location of its first data center. Twenty years later, we continue to invest in this city with the launch of our third data center, opening in July. So what makes London such an attractive connectivity hub for businesses all over the world?

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