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The future is bright for London’s technology community

Insights | Cassandra Wheeldon on July 05, 2016

Last week the capital hosted London Tech Week, leaving no doubt that the thriving UK tech sector deserves global acclaim. Despite the resulting uncertainty after the EU referendum, the future is bright for London’s tech community. 

The capital was abuzz with events demonstrating its excellence across the full spectrum of the technology industry: from exhibiting the latest developments in fashion tech, to debating the next-gen technologies for London’s booming fintech industry.  

British tech companies are nothing new; GP Bullhound reported last week that the UK is leading the way when it comes to tech unicorns, with over 18 unicorns valued at $39.6b leading Europe’s charge of successful start-ups. 

Currently leading the successful trail currently is none other than Magic Pony, who last week was acquired by Twitter to the tune of £102 million. Founded by two Imperial College London graduates, this artificial intelligence start-up will enable Twitter to enhance future live and visual offerings. 

This is the third British machine learning start-up to be acquired by Twitter, even Silicon Valley is paying attention to the long line of successful start-ups coming from Great Britain. Luke Hakas of Octopus Ventures cited the UK as the “‘go-to’ place for companies looking to build best in breed AI technology”.

The Mayor of London’s continued support

Playing a heavy role in London Tech Week was newly minted Mayor of London, Sadiq Khan, who left no doubt when it comes to supporting London’s technology community. The Mayor has pledged to work with the tech industry in order to help make it an even more attractive and prosperous city. London’s digital connectivity will assume a weight of importance equal to any other key public utility.

The Mayor’s unwavering support on improving digital connectivity in London is key in showing support for all of London’s businesses – regardless of industry – to ensure that not only are their needs future proofed, but will help them maintain a competitive edge in a growing global market.

Part of that backing came in the form of extended support for WiredScore, with Sadiq Khan continuing to support the scheme which was first endorsed by the former London Mayor last year: 

“London is already a world class city and it deserves world class connectivity and infrastructure to match. In promoting greater transparency on connectivity in commercial properties, WiredScore is helping the capital’s businesses make the right choices for the long term, whilst simultaneously improving our city’s connectivity.

“Great connectivity has already been displayed by properties that have achieved Wired Certification, including the GLA’s own City Hall. This important work will continue to help connected buildings act as beacons of the capital’s already strong connectivity and enable other properties to benchmark and make the right investments to enable London’s businesses to continue to grow.”

Understanding the challenges that businesses face with regards to technology and connectivity will only enable growth in the booming tech industry across the globe. From digital skills, to resilient connectivity, Sadiq Khan has demonstrated he’s got great aspirations for London tech. 

To read the full case study on WiredScore, check out the Greater London Authority case study.

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