Two recent studies have found Singapore to be the world’s most prepared city for the age of artificial intelligence (AI), and the global leader in terms of smart city effort.
The first research, conducted by the Oliver Wyman Forum, ranks 105 international cities in terms of their preparedness for the technological and digital disruption that will be spurred by AI.
The index ranks cities on four key criteria: the quality of a city’s plan (Vision); a city’s ability to execute on forward-looking plans (Activation); the extent and quality of talent, education, and infrastructure (Asset Base); and how the interplay of Activation and Asset Base are impacting its overall momentum (Trajectory).
With an average score of 75.8 out of 100, Singapore showed the most readiness overall, surpassing London (75.6), New York (72.7), San Francisco (71.9), Paris (71.0), Stockholm (70.4), Amsterdam (68.6), Boston (68.5), Berlin (67.3), and Sydney (67.3).
One key finding from the study is that although megacities like London, New York and Paris, have well-scaled business communities and talent pools, smaller cities can be just as competitive technology-wise. In fact, half of the top 10 cities – San Francisco, Boston, Amsterdam, Stockholm, and Sydney – have fewer than 5 million residents.