We now need to drive for economic growth! Technology is the key

Now we are past the Government’s Spending Review, technology is the key to sustainable economic growth.  IT underpins public-sector productivity improvement and also private-sector business growth.

Creating the best technology skills pool in the world should be the UK’s strategy for growth across ALL industry sectors.

Consider the following:

First, Information Technology holds the key to innovation and global competitiveness across the whole economy.  IT supports the majority of future job creation in the western world.

Second, about half of Europe’s productivity gains in recent years can be attributed to IT.

Third, IT is at the heart of new fast-growing economy sectors from low-carbon to biotechnology to space.

Fourth, the technology sector delivers £71 billion a year in direct Gross Value Add (GVA) contribution to the UK Economy.

Fifth, the technology professional workforce has continued to grow throughout the Recession.

So, on the assumption that IT will grow at four times the UK average for the next 10 years, we will need over 100,000 new people a year to enter IT careers in the UK to be competitive.

I believe passionately that the future success of the UK as an economy and a society, and our national growth prospects and future jobs, will be driven by the availability of bright capable e-skilled people.

It is important that IT professionals, business people, students and anyone who cares about the future success of this country makes this point loudly and clearly.

IT is a UK success story – and it matters even more now.

About paulcoby
I am CIO at the John Lewis Partnership in the UK. I was Chair of SITA - the airline solutions company owned by the Air Transport Community - for 11 years. I am also on the Boards of Clydesdale and Yorkshire Bank and Pets at Home. Previously I was Head of BA Services and for 10 years CIO at British Airways. I am interested in Roman and Military History. The views expressed are entirely my own not my employers.

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