The UK has risen one place to third in a global ranking of the most promising countries for massive technology breakthroughs.
KPMG’s 2019 Technology Innovation Hubs report sees the UK just behind tech powerhouses the US and China in a ranking of locations likely to produce disruptive technologies.
The global survey of 740 business tech executives also ranked London as the third-leading technology innovation hub outside Silicon Valley, alongside Tokyo.
Almost 60 per cent of those surveyed believed Silicon Valley would fall behind New York and Beijing as the centre of disruptive by 2023.
Ian West, UK head of TMT at KPMG, says that despite political uncertainty, the UK and London’s technological pedigree is still strong.
“It is great that the UK’s technology sector is appreciated as the most promising market for technology breakthroughs in Europe, and that London is seen as a major hub for big data, fintech and a variety of digital technologies,” he says.