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Glasgow and Edinburgh in the UK’s top ten digital technology cities as new findings show that the industry is 25% larger than previously thought
A new census, published by The Data City, reveals that Edinburgh is the 9th best city in the UK for digital technology and Glasgow is the 10th. The report shows that between the two cities there are 7,641 organisations in the sector, covering AI and Data, ECommerce, Cyber, Digital, Gaming, Internet of Things (IoT), MedTech and Fintech. There were also 474 events or meetups for the sector over the last 12 months.
The UK 2019 Digital Technology Census, also shows that the number of digital technology companies active in the UK as a whole is over 25% larger than currently believed, by measuring emerging sectors such as AI which have previously not been quantified.
To uncover these findings, The Data City created R-TIC (Real-Time Industrial Classification) codes – which provide insight on new and emerging sectors of the industry not represented in the Standard Industry Classification (SIC codes) used by Companies House.
It analysed the 4.06 million active companies in the UK, using artificial intelligence to monitor their websites and digital footprint and correctly identify new areas of activity. As a result, The Data City found that companies previously classified as, for example, manufacturing, are now also embracing new technologies such as IoT, Digital and Fintech.
Councillor Angus Millar, Chair of the Digital Glasgow Board, said:
“Glasgow has emerged in recent years as a leading digital tech city, with a huge amount of skills and talent in this sector supported by our colleges and universities.
“The quality of Glasgow’s talent pool is well reflected in the huge levels of investment that many major companies – with Barclays being the latest example – are making in the city.
“Glasgow’s new Innovation Districts – the first in Scotland – will allow us to build further on our city’s success, bringing the public, private and academic sectors together to stimulate the growth of our emerging technology sectors and further enhance our reputation as a place where people and businesses are keen to work and invest in digital technology.”
Alex Craven, Co-founder of The Data City says:
“The 2019 Digital Technologies Census provides the clearest picture yet of the digital technology landscape in the UK. Using data from Companies House and individual businesses’ own websites it shows how active the community is across eight main sectors, and allows comparison between cities and regions.
“Our new classifications allow us to ascertain levels of activity in emerging sectors that have never previously been fully evaluated, making this a methodology for the 21st century.
“The Data City has created a useful tool for businesses, investors and public sector policymakers. Using real-time data such as ours to identify areas of strength can help inform innovation policy, provide an objective basis for investment and inform individual business decisions such as where to locate.”
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