Communication
Technology
Innovative technology and high-end security activities are the strong points of the country’s ICT industry. The product and service innovations it provides have impact on the way we live and work, empowering competitiveness and sustainability.
Web developers and programmers are already in high demand, and over the next decade the digital technology companies in London is expected to reach 45,000, creating more than £12 billion of economic activity. Nevertheless, the UK Commission for Employment and Skills predicts that 1.2 million web development and programming jobs will have to be filled by 2022, a number that exceeds the current supply of experts.
Technology and telecommunications are of the outmost importance in modern life, and the sector progresses in high speeds, boosted by constant innovation. The IT consulting market will face higher demand, rapid growth and a vast array of technological trends such as cloud, robotics, analytics, digitalisation and the Internet of Things (IoT).
As new platforms, applications and services transform entire industries, technology companies will have to come up with special strategies to develop the products and services that will serve specific needs of the industry.
Some of the broad challenges IT companies are now facing include:
Complicated IT and business operating models
Cost efficiency demands
New forms of threats as well as new regulations
Corporate responsibility expectations
Effective management of changing staffing levels
Responsive service options
Next 5-10 years