UK must adapt to capitalise on technology opportunities, report says

The UK technology industry is at a pivotal point, according to a report by industry association Intellect.

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The UK technology industry is at a pivotal point, according to a report by industry association Intellect.

The Intellect President's Report 2008 shows the sector is thriving despite the current economic crunch, but warns this is no time for complacency.

Sean Finnan, president of Intellect, said, "The optimism of recent years has lessened. We are seeing opportunities for growth emerge more quickly, but also disappear more quickly, when the country and sector is unprepared to exploit them."

The report, which is based on third party financial data and more than 100 of the trade association's leading members, details six areas that need attention.

Finnan said the IT sector could not continue to grow and reach its full potential if government and the industry did not pay careful attention to these key areas.

The report identifies these as the need to develop skills, improve the communication infrastructure, boost confidence in the sector, raise professional standards, exploit innovation better, and improve relations with other sectors.

"Focusing on the six boosters we have identified is essential if we are to continue to attract technology companies to operate in the UK," Finnan said.

The report said the health of the technology sector, which contributes 10% of UK GDP, is key to the economy.

"Intellect believes that ever-closer collaboration between government and the sector is essential if we are to grasp the opportunities at hand," Finnan said.



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