It is estimated that smart cities will present opportunities worth $1500bn over the next five years, with urban areas in emerging markets at the forefront of this development. But can a move towards 'smart' fill the huge infrastructural, social and energy requirements of these cities?
- Alternative/Renewable energy
- Automotive Components
- Automotive OEM
- Building & Construction Materials
- Business Machines & Equipment
- Business Services
- Ceramics & Glass
- Coal, Oil & Natural Gas
- Consumer Electronics
- Consumer Products
- Electronic Components
- Engines & Turbines
- Financial Services
- Food & Tobacco
- Hotels & Tourism
- Industrial Machinery, Equipment & Tools
- Leisure & Entertainment
- Medical Devices
- Non-Automotive Transport OEM
- Paper, Printing & Packaging
- Real Estate
- Software & IT Services
- Space & Defence
- Warehousing & Storage
- Wood Products
According to the start-up cities index 2014, compiled by entrepreneur platform Startups, aside from London, Manchester, Edinburgh and Bristol are the leading locations for new businesses in the country.
The Bombay High Court has granted telecommunications company, Vodafone, relief from a $490m bill for allegedly underpricing its shares in a historic rights issue.
The fastest growing sector for FDI in 2013, the communications industry has seen a huge influx of investment in the past year, and with new technologies evolving at a pace, the demand for future capital expenditure is only set to grow.
Cologne's status as a 'place to be' for young people gives the city an advantage when it comes to digital and hi-tech industries, a fact not lost on the likes of Electronic Arts, IBM and Microsoft, which are located within the city.
Technology is accounting for a growing proportion of the European economy, and its influence is extending into a range of sectors, including retail, financial services and consumer goods.
The decline of once-dominant telecommunications giant Nokia had grim repercussions for the Finnish city of Tampere, in which it employed 4000 people at its peak. However, with an educated, highly skilled workforce, and its innovative streak still fully intact, Tampere is filling the 'Nokia gap' with a number of exciting projects.
Governments in Africa are catching on to the development potential of ICT solutions developed by local entrepreneurs.
Over the past two decades, Malaysia has established itself as one of the world's leading low-cost electrical component manufacturers. However, thanks to academic institutions such as Kuala Lumpur's Mimos ICT centre of innovation, the country is looking to rise up the value chain in this sector.
The availability and connectivity of mobile phones in Africa has resulted in a hike in telecommunications investment in the continent in recent years, coupled with an explosion in innovation. But, asks Barbara Njau, is this boom sustainable?
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