April 12, 2016
Dell today recognized 50 cities around the world for “embracing technology to adapt and thrive in an ever-changing and globalized future” ranking the city of Toronto 11th on its list. Of note is that no other Canadian city made the grade.
According to Dell, the Future-Ready Economies Model, scores high-growth global metropolitan areas based on attributes that enable people and organizations to access new tools and new ideas that deliver better connectivity, better economic performance — and a greater ability to attract talent.
The cities positioned in the Global 50 ranking were evaluated along three dimensions:
* Human capital: A Future-Ready Economy has people equipped with the right skills to drive meaningful social and economic change.
* Infrastructure: A Future-Ready Economy has the infrastructure necessary to support the people, businesses, and technology that enable progress over time.
* Commerce: A Future-Ready Economy provides sustained opportunities for businesses to accelerate innovation, growth and profitability.
“We live in a digital age in which the power of innovation to transform our world is all around us,” said Kevin Peesker, president, Dell Canada Inc. “Our cities are faced with new challenges every day — from supporting a growing population and building a thriving culture, to fueling economic opportunity for everyone. By understanding Future-Ready Economies and their attributes, cities, businesses and people can create policies and strategies that will enable them to prosper and achieve strong economic health.”
Research for the Dell Future-Ready Economies Model began during the 2015 Strategic Innovation Summit hosted by the Technology and Entrepreneurship Center at Harvard University last September and is based on analysis conducted by economic data forecasting and analytics firm IHS.
According to Prof. David Ricketts, summit general chair, the city of the future looks very different from the one that has been the cornerstone of society for the past centuries: “The Summit revealed several trends that represent a fundamental change in how citizens use and interact with their cities. No longer are cities merely functioning as sources of infrastructure and services – and as common, centralized locations for brick-and-mortar companies. They are now becoming hubs of social cohesion.”
This is the second set of findings from the Dell Future-Ready Economies Model — the first, released in October 2015, scored 25 Future-Ready Economies in the U.S.
“Backed by insights from experts in the public sector, technology firms, the start-up community and higher education, we developed a methodology to evaluate the degree to which city economies are Future-Ready,” said James Diffley, senior director, IHS Economics. “These ratings will enable cities to take actions that will position them to capitalize on opportunities for the future,” “Based on our research, I am confident that cities identified as Future-Ready Economies are poised to achieve high levels of growth in the coming years.”
Cities in order of ranking above Toronto were San Jose, San Francisco, Singapore, London, Washington, Boston, Austin, Raleigh, Stockholm and Sydney.