Project Management

To hit pay dirt

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Hi to all of you, and welcome to this blog about management, projects, IT, etc. and about life among all of that. I'd like to share my thoughts, knowledges, experiences and to propose them for discussions.

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Interesting research. Who will be next? Would it be possible?

Each country tries to build its own Silicon Valley, sometimes not only the one. Accordingly, the KPMG research [1] the most successful in this are New York (USA), Beijing (China), Tokyo (Japan) and London (UK).

58% of 740 global technology industry leaders believe likely or very likely shift the world's technology innovation capital by 2023. 27% of them believe not likely or not at all likely in it, and 16% of them are neutral. 

New York has a leadership position because it's a place of the biggest IT companies, like Apple, Facebook, LinkedIn, Google is planning to expand its presence in New York.

New York has a population of 8,398,748[2] distributed over a land area of about 302.6 square miles (784 km2), which provides great conditions to be a new technology and innovation center.

Beijing is an important and very power world city. The population of Beijing at the beginning of 2016 [3], according to some estimates, is 21.7 million. There are a lot of companies there, which fields are in everything from Artifical Intelligence to electromobility. Nowadays Chinese Government support technology companies and plan to give big financial support to them (CNY 10 billion).

As of 2018, the Greater Tokyo Area ranked as the most populous metropolitan area in the world.  The population of the special wards is over 9 million people, with the total population of Tokyo Metropolis exceeding 13.8 million [5]. Tokyo has a leadership position in robotics development and manufacturing. Industry leaders desire concern Olympic Games 2020.

London becomes a global capital of the fintech industry, and in my opinion, it has a historical background for this, though Zurich could have it too, but it is not developing in this way. Seven startups valued over $1 billion based in London, San Francisco is home for nine [1].

Russian Government built a technology innovation center. The idea was to get Russian "Silicon Valley". Skolkovo provides special economic conditions for companies working in the priority sectors of modernization of the Russian economy: telecommunications and space, biomedical technology, energy efficiency, information technology, and nuclear technology. The center cooperates with the world's leading universities and attracts the best specialists, regularly conducts training and various activities aimed at the development of innovation, technology, and support for startups.

In conclusion, I'd like to say my opinion, all off the new applicants for the technology and innovation world center role have different directions for development. Therefore, I think that it is possible to decentralize such a center and, perhaps, Silicon Valley will retain its priority but will become one of the components of this world center with its specialization.

Why is this important for a Project Manager? Firstly, every project has an initiating phase, each project needs money and resources. Secondly, there are no exist non-product related projects. 

Therefore, the location of the world technology and innovation capital is important. It is our future.

It would be interesting to hear your opinion.

  1. The New Silicon Valleys, PMNetwork, June 2019, volume 3, number 6, p. 12 (http://www.pmnetwork-digital.com/pmnetwork/june_2019/)
  2. "NYC Population: Current and Projected Populations"www1.nyc.gov. Retrieved May 2, 2019.
  3. http://www.chinadaily.com.cn/china/2016-01/23/content_23215065.html
  4. https://en.wikipedia.org/wiki/List_of_metropolitan_areas_by_population
  5. www.metro.tokyo.jpArchived from the original on August 21, 2018. Retrieved August 21, 2018.
Posted on: May 29, 2019 07:48 AM | Permalink | Comments (12)
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