Authors
Mike Wardle, Professor Michael Mainelli
Published by
Long Finance & Distributed Futures (November 2024), 51 pages.
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The Smart Centres Index 10
The tenth edition of the Smart Centres Index was published on 26 November 2024. SCI 10 rates the innovation and technology offerings of leading commercial centres, tracking their ability to create, develop, and deploy technology.
The SCI is a factor assessment index, combining a number of instrumental factors - data measures drawn from a range of data providers across the world - and assessments given by business and finance professionals of three dimensions related to innovation and technology in major commercial and financial centres:
- Innovation Support - the support provided by regulatory and other systems to innovation and technology in a centre.
- Creative Intensity - the intensity of technology and innovation services and opportunities in a centre.
- Delivery Capability - the quality of the technology and innovation work that is taking place in a centre.
131 commercial and financial centres were researched for SCI 10 of which 77 are included in the index. SCI 9 was compiled using 132 instrumental factors. These quantitative measures are provided by third parties including the World Bank, the OECD, and the United Nations.
The instrumental factors are combined with financial centre assessments provided by respondents to the SCI online questionnaire. SCI 9 uses 1,804 assessments provided by 287 respondents.
SCI 10 Results
- London retained first place in the index, with New York overtaking Zurich to regain second place.
- Five Western European centres feature in the top 10, alongside three US centres.
- Singapore and Tel Aviv also feature in the top 10.
- Four centres rose 10 or more places in the ranking in SCI 10, while two centres fell 10 or more places.
- The average rating in SCI 10 fell by 1.07% following a fall of 1.31% in SCI 9. The smallest reduction in average ratings of 0.76% was in the Middle East & Africa, while the average rating for centres in Latin America & The Caribbean fell 1.77%.
- The continued geopolitical threats caused by conflict and economic instability may be driving a lack of confidence in technology centres across the world.