ICT investment in cities drives business infographic


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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

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ICT investment in cities drives business infographic

  1. 1. ICT INVESTMENTIN CITIES DRIVESBUSINESSThe Networked Society City Index analyzes ICT-driven benefit creation in 25 of the world’slargest cities. The latest installment in this series focuses on business and the positiveeffects that ICT has on innovation and entrepreneurship.Read the full Networked Society City Index report at:http://www.ericsson.com/res/docs/2012/networked-society-city-index-report-part-3.pdfNew York, Stockholm, London and singapore– highly connected and good for business Comparing cities’ ICT maturity 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. 6 takeaways Business benefits from ICT investment A one percentage point increase in broadband penetration increases new There is a continued correlation between ICT maturity business registration by 3.8 percent. and triple bottom line benefits. Source: Broadband and Entrepreneurship, Carlsén and Zhou, Stockholm School of Economics, 2012 Individuals embrace In Delhi, citizens can engage in innovation first entrepreneurial activities and receive payment for their work through Eko, Benefit creation starts with and is initially driven by a low-value financial individuals. transaction service completed using a mobile phone or through a retail outlet. ICT strategy drives New York City’s entrepreneurship business incubators encourage entrepreneurial activity in that city Successful business cities all share well-developed ICT while London’s Business Boot strategies and implementation programs. Camp teaches start-ups the skills necessary to build successful business. Predictable conditions are good for business New York’s open data initiative and Businesses benefit from clear legal and fiscal São Paulo’s digital tax filing frameworks. program for business transactions are creating more open and transparent city governments. Global reputation is important Cities with higher concentrations of colleges and universities are more Top performing cities are competing to attract the best likely to encourage entrepreneurial brains and entrepreneurs from around the world. activity. Source: Maddock and Viton, 2008 Transformation still The Skolkovo Innovation lies ahead Center, outside of Moscow, aims to Current ICT benefits have been constrained by modernize Russia’s industry through existing industry boundaries. Real transformation will R&D activities and Singapore is demand radically different solutions to city challenges. 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© Ericsson 2012