World IA Day Bristol 2017
We live in the decade of the platform economy. The 200 biggest platform companies have a combined market capitalisation of $4Trillion+ and it is changing the competitive landscape of every industry. Amazon, Facebook, AirBnB and Über are leading the charge. And this digital transformation is only just beginning.
Cities are humanity’s greatest platform. They power the greatest marketplaces on earth by providing the fabric which businesses need to thrive, by concentrating people and physical infrastructure. But cities don’t yet play an instrumental role in the digital economy.
That is changing. Leading cities are now coming to terms with how to create, curate and use data to the advantage of their citizens and businesses. Developments in digital technology and society mean the data will soon become another utility in the city. We are moving into the century of the City. Cities that understand this are adapting and applying the principles of the platform economy, and are emerging as regional or global knowledge hubs and innovation centres, attracting talent, jobs and unleashing innovation.