Innovation pushes Dublin into top ten next-generation global business hubs Insights from Ireland News

Innovation pushes Dublin into Top 10 next-generation global business hubs

Dublin’s importance as a global hub for business is increasing significantly, according to a highly regarded annual report by leading management consulting company AT Kearney.

The 2019 Global Cities Report ranks the world’s major cities on their attractiveness for businesses and employees, It includes the Global Cities Outlook Index, which ranks cities primed to be the next generation of global hubs. Dublin featured highly in 2019’s Outlook Index, jumping a huge 24 places to ninth position, behind London, Singapore, San Francisco, Amsterdam, Paris, Tokyo, Boston, and Munich.

Innovation pushes Dublin into top ten next-generation global business hubs

“The Irish city’s impressive performance is spurred by big gains in economics and innovation, reflecting Dublin’s rise as a global tech destination and its prospects for the future,” commented the report on Dublin’s meteoric rise.

Dublin increased its position significantly in every metric: personal wellbeing, economics, innovation, and government. In particular, the city jumped 33 places in the economics metric, to fifth place in the index.

Dublin increased its position significantly in every metric: personal wellbeing, economics, innovation and government.

“We view Dublin’s strong performance in the 2019 AT Kearney rankings as validating the commercial trends we can see on the ground,” said James Croke, a development advisor for BPO and IT Services at Enterprise Ireland. “Enterprise Ireland-backed companies in the ICT, fintech and services sectors, who invest in innovation and technological capability are continuing to accelerate their international growth. Underpinning this technical capability is Ireland’s innovative, well-educated and technically agile workforce.”

The yearly report reveals which cities are currently the most competitive in several key areas, including business activity, culture, human capital, political engagement, and information exchange. These are recognized as the factors that have turned cities such as San Francisco, London, and New York into bustling global hubs that attract people and businesses.

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