Briefing

The split was predominantly un-welcomed, with 9 out of 10 tech companies opposing Brexit. Concerns over policy, trade, regulation and funding provoked fear and apprehension, while anxieties over the impact on foreign direct investment were rife. So, how is the UK faring almost 6 months on? As a tech powerhouse, the UK has always been a leader and key player in terms of IT opportunity and success, but does the country have the economic clout, innovation and culture to see it through the rocky road ahead? London’s tech businesses are led by some of the UK’s most entrepreneurial influences, hoping to rise to the post-Brexit challenge, and advocate the capital as a global technology hub with unparalleled investment potential.

Prior to June 23rd 2016, London was undoubtedly the tech start-up capital of Europe. However, since the country’s shock exit, the capital’s power and prestige has been called into question. The UK’s decision to leave the EU left investors in Europe’s leading start-up hub shell-shocked, culminating in real fears that international companies may think twice before investing in the country. Now that the initial shock of the decision to leave is beginning to fade, the focus is directed on managing the fallout and identifying opportunities. And there is an abundance of possibilities; with just under half (40%) of Europe’s tech unicorns – young companies valued at a billion dollars – based in Britain.

Any investment is a huge decision. If the investment is in new technology the risks are even greater due to the speed in which variables can change, and with the selloff in big tech names such as LinkedIn and Twitter, investors may think that the golden era of the Internet and mobile is a thing of the past. How wrong they’d be.

Augmented Reality (AR) and Virtual Reality (VR)  investment reached $1.1 billion in the first 2 months of 2016 and Apple has confirmed that the Pokémon Go app was downloaded more than any other app in its first week. Apple has also reported revenue of over $42.4 billion is down approximately 15% on last year, selling 40.4 million iPhones in the recent quarter, compared to 47.5 million this time last year. Even though profit is down, the company is still a huge powerhouse of sales and turnover, having just sold its billionth iPhone.

As Apple faces its biggest test in years, the mobile giant still has a few tricks up its sleeve. While the declining iPhone and iPad sales certainly continue to present a challenge, if everyone is playing the AR game and Apple continues to make more money through its App store, it won’t really matter. The Services division, which includes iTunes, the App Store and Apple Music, makes up 11%of Apple’s total revenue, compared with 8%in 2015.

A lot of people in the global tech community are getting very excited about something called “the blockchain”, and see it as the real power behind the Bitcoin throne. If you don’t know what it is, you’re not alone, but know that its applications are predicted to be many and profound. In short, the blockchain is an ever-growing decentralised and permissionless public database ledger of each and every bitcoin transaction conducted since its inception.

With each computer, or “node” connected to the bitcoin network having a copy of the blockchain, it serves as permanent proof of what’s gone before it, detailing addresses and values. When a block – the current part of the chain – is completed, recording recent time-stamped batches of valid transactions, it is added in linear, chronological order (just like a chain, hence the name), after which a new block is created. Bitcoin’s star has significantly waned in recent years, and so financial and intellectual investors are increasingly looking at the engine underpinning it, namely blockchain as the real innovation story here, and the route to making big bucks.

The urban landscape is essential for economic growth and productivity, generating 80% of global GDP, so making cities great is a vital ingredient in building a better future. Throughout history, people typically lived in rural areas, focused on agriculture and hunting, but huge demographic change has seen an even bigger rise in metropolitan living.

We will see 27 cities with over 10 million inhabitants by 2025, 21 of which will be in less developed countries. The impact of this swollen population will be illustrated by 75% of the world’s population living in cities by 2050. This will put burdens on infrastructure, the environment and the social fabric of any urban area. Resilient cities appeal to people, welcoming co-operation and collaboration, while fragile cities are unable to manage, adapt or recover from external and internal pressures.

The bright lights, the burgeoning economy and the modernisation of the city appeal to people, but when there are more jobs there is also more unemployment and a widening gulf between the wealthy and the poor.

From debt crises to poverty, political unrest to energy shortages, water scarcity to infection epidemics, the city is the focal point for human problems where huge numbers of people have access to only limited resources in alienated ‘non-communities’ dominated by disease and violence. However, cities are also best placed to find solutions to these global disasters. Ongoing growth and development are estimated to add another 2.5 billion people to the urban population by 2050 and nearly 90% of that increase will be concentrated in Asia and Africa, areas that have the world’s fastest growing cities, predisposed to struggles and natural disasters. The earnestness towards cities, principally in developing economies, is motivated by a longing for a better life with more opportunities – as economies begin to integrate in cities, so too do people.

The Internet Security Alliance (ISA), an international, multi-sector trade association founded in 2000 and focused on cyber security. ISA’s Mission is to integrate advanced technology with economics and public policy to create a sustainably secure cyber system. ISA is unique in that it is structured as the internet is, on an international and cross sectoral basis. Although it is structured as a trade association, with corporate rather than individual memberships, many view ISA as equal parts think tank, trade association and professional association. ISA has three major goals;

1. To generate thought leadership in the field of cyber security, 
2. To advocate for policy advocacy
3. To develop and promote sound security practices for public and private organisations. 

ISA’s President and CEO is Larry Clinton who is based outside Washington DC USA. ISA’s European operations are managed by Richard Knowlton, the former Global Director for Security at Vodafone. Mr. Knowlton currently resides in Italy. Noting that while there is a great deal of activity in cyber space there has been comparatively little overarching thought to guide this activity, ISA attempts to construct a coherent approach to the issue that ties together their thought leadership with their policy advocacy and best practice development. ISA seeks to develop programs that are scalable across industry sectors and across nations. For example, ISA believes that the traditional governance model with centrally determined government mandates applied to industry is ill-suited to address cyber attacks because both the technology and attack methods change too quickly for the traditional regulatory apparatus to manage. Moreover, mandating outdated methods to meet compliance regimes diverts scarce cyber security resources to compliance programs with minimal effect. Instead in 2008 ISA developed an alternative approach moved on the Social Contract.

When the iPhone launched in 2007, many saw it as a revolutionary new device – but the scale of the disruption it brought on among the giants of the mobile and computing industries could not have been predicted. Some, like Samsung, have managed to carve out a space for themselves alongside the mighty Apple, and have reaped rich rewards as a result. But many others have fallen foul of their attempts to catch up with the iPhone – including some very big names.

Zürich’s great location, excellent facilities network and dazzling panorama provide the perfect environment for conventions, meetings or events.

The largest city in Switzerland, Zürich has a history that dates back to its founding by the Romans. Now, Zürich is a leading global city and among the world’s largest financial centres, home to a large number of financial institutions and banking giants. Most of Switzerland’s research and development centres are concentrated in Zürich thanks to its high quality of living, strong culture of innovation and typically Swiss focus on precision.