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INNOVATION: AN ESSENTIAL FACTOR FOR LONG-TERM ECONOMIC GROWTH IN CITIES

First introduced in 2015 by World Economic Forum founder and CEO Klaus Schwab, the term “Fourth Industrial Revolution” refers to extremely fast changes in technology, AI (Artificial Intelligence), robotics, IoT (Internet of Things) and the intertwining of physical, digital and biological world. It is a transformation which humankind has never experienced before.

The world is witnessing a technological revolution that completely changes everyone’s way of living and working. From watching movies, listening to music, buying products or ordering a taxi: all of this can be done remotely. Artificial intelligence is widely present: from drones, self-driving cars to all the possible software one can imagine.

According to Forbes magazine, innovation is vital for companies because it allows them to penetrate markets quicker, create original concepts, and grow more easily.

In the future, technology and communication costs will further drop, logistics and global supply chains will become more effective, and the cost of trade will diminish, all of which will then drive the economic growth even more.

All in all, innovation has become essential. But this does not relate exclusively for the business world, but also for cities. 

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Inspirational changes for a better Europe

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Inspirational changes for a better Europe
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DIGITALIZATION IN EU

ESTONIA: EUROPEAN LEADER IN DIGITAL TRANSFORMATION
Estonia is a country that has a strong digital focus which made many impressive changes in the country’s system and has strongly affected the everyday lives of its citizens, their habits and way of living.

Estonia ranks 1st in the European Union for Digital public services and continues to be the strongest European country in this area.

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DIGITALIZATION IN EU

TOP DIGITAL PERFORMER: THE NETHERLANDS
A new four-party coalition cabinet was formed in the Netherlands recently. As part of the new governing coalition, Prime Minister Mark Rutte will keep his position and become the country’s longest-serving leader. The newly formed government plans to tackle major issues such as climate emergency and housing shortage. However, according to the coalition agreement, the new cabinet also plans to focus on a topic that is becoming increasingly important in Europe – digitalization.

The Netherlands is commonly regarded as one of the continent’s leaders in the field of digitalization.

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We’ve created a safe digital public space as the standard for all our citizens, so that every Amsterdammer can benefit from the possibility of digitization…and live in a city in which our digital rights are protected.”

Mayor of Amsterdam Femke Halsema