No single city in the world is ready for the disruptions that will be brought on by the Age of AI. Significant improvements must be made by governments and private institutions to fully prepare for the challenges that lie ahead. This, according to a global study conducted by the Oliver Wyman Forum, which ranks 105 international cities in terms of their preparedness for the broad technological and digital disruption that will be spurred by AI and related technologies.
Singapore shows the most readiness overall, with an average score of 75.8 across all four criteria identified as critical for success in meeting the increased speed and scope of technology disruption brought about by AI. Singapore is followed in the Readiness Index by London (scoring 75.6), New York (72.7), San Francisco (71.9), Paris (71.0), Stockholm (70.4), Amsterdam (68.6), Boston (68.5), Berlin (67.3), and Sydney (67.3).
The index ranks cities on four key criteria: the quality of a city’s plan (Vision); a city’s ability to execute on forward-looking plans (Activation); the extent and quality of talent, education, and infrastructure (Asset Base); and how the interplay of Activation and Asset Base are impacting its overall momentum. (Trajectory).
Timocin Pervane, Oliver Wyman Partner and leader of the Oliver Wyman Forum’s City Readiness initiative, says: “Interestingly out of the 105 cities studied, no single city ranks within the top 20 across all four criteria. Most cities plan to use AI to become ‘smart cities’ or the next Silicon Valley, but few focus on the bigger, strategic social and economic challenges, such as mitigating against the downside risk of massive deployment of AI and the associated retraining and redeployment that will be required.”
Fourteen of the top 20 cities making the greatest strides in terms of aligning with what’s required for success in an age of AI are Asian. Eight of these are in China, including Shenzhen, Beijing, and Guangzhou.