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With the General Abstracts Protection Regulation (GDPR) in effect, and Brexit negations in abounding swing, there is amazing agitation about London’s new abode in the apple economy. However, alike in a post-Brexit and GDPR world, London is a airy burghal with a 400-year history at the centermost of barter and finance.
In 1998, my company, Interxion,strategically chose axial London as the breadth of its aboriginal abstracts center. Twenty years later, we abide to advance in this burghal with the barrage of our third abstracts center, aperture in July. So what makes London such an adorable connectivity hub for businesses all over the world?
London is amid the best-connected all-around locations
London charcoal the better abstracts centermost bazaar in Europe. Since the burghal is home to about 60,000 technology businesses, a majority of connectivity and billow providers accept deployed actuality aboriginal on. US companies gluttonous to booty advantage of avant-garde technologies accept the absolute befalling to do so in London: More US companies baddest London for their EMEA address than any added city.
London makes colocation easier for all types of all-around businesses, with key advantages over added European cities. Not alone is London the axial point for companies about the world, but English charcoal the all-embracing business language. So advice with US companies is effortless, abnormally with subsea cables bond the UK to the US.
London is a technology and addition hub
In 2010, the UK government appear the accumulation of Tech City, an addition hub with a able focus on fintech, appearance tech, IoT and endless added tech sectors. Anchored about Silicon Roundabout, Tech Burghal has become a cyberspace for connectivity. Home to three-quarters of the Fortune 500, London’s Tech Burghal is now the third-largest technology startup array in the world.
London additionally aims to become the world’s smartest burghal by 2020, a ambition in which basement and IT account providers comedy a above role. Smart cities await on connectivity; it’s the lynchpin that determines the achievement of apps powering AI, IoT and Big Data. As such, abstracts centers that accommodate admission to a association of connectivity and billow providers will comedy an ever-increasing role in London’s agenda economy.
London is the cyberbanking basic of Europe
The latest All-around Cyberbanking Centres Index (GFCI) ranked London as the best able cyberbanking centermost in the apple afterwards New York and Singapore. London is home to a ample association of cyberbanking account organizations, from high-frequency traders and barrier funds to European cyberbanking companies.
These businesses, which await on best in chic analytical environments, charge to be aural the abutting concrete adjacency to their business partners. As a result, communities of absorption anatomy in colocation accessories that action close connectivity options: Interxion’s London abstracts centers are home to over 200 Cyberbanking Casework organizations.
London is a melting pot of cultures and industries
London is one of the best assorted cities in Europe: aftermost year, London was ranked the arch “dynamic city” in Europe by Savills IM Dynamic Cities. If any breadth sums up London’s diversity, it is East London.
East London’s Brick Lane, called in the 15th aeon for its brick and asphalt manufacturing, personifies the “colocation” of communities of interest. The breadth has a affluent history, from artery in the 15th century, to beer in the 16th century, to agenda addition today. From a cultural perspective, Brick Lane has connected been home to migrants accession in the city, starting with the French Huguenots in the 17th century, Irish and Jewish migrants in the 19th aeon and Bangladeshi communities in the 20th century. The affluent mix of altered business and cultures gives Brick Lane a different identity.
Today, we see this assortment in the advanced ambit of industries anchored in East London, from banks application datacenters for trading, to enterprises application “app hubs” as a breadth for their analytical apps.
Since we opened our aboriginal datacenter in London 20 years ago, the appeal for abstracts centermost casework has connected to abound and advance admitting political and bread-and-butter changes. Alike with the upheavals of Brexit and GDPR, the city’s mission analytical basement is blockage — a attestation to its ability as a all-around connectivity hub. In fact, a contempo abstraction by The Institute of Admiral begin that, out of 700 aggregation directors, about bisected were still assured for affairs their firms’ prospects, admitting the UK’s accessible avenue from the European Union.
Image credit: Luciano Mortula – LGM / Shutterstock
Andrew Fray is Managing Director UK for Interxion (NYSE: INXN)
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