Investing in the Future: How Important Is IT in the UK?

The UK is a great place to invest in IT. We have a strong foothold in education, with many bright graduates just leaving college. We have some of the largest IT companies in the world looking for those graduates, and the UK also has a strong number of entrepreneurially spirited people developing and innovating products that require highly skilled IT professionals. The United Kingdom continues to thrive through the recession, with technology being a main focal point for businesses to improve their systems and increase revenue.

Great IT Companies in the UK

Of course, when we think of IT companies, one of the first names that pop into our heads is Google. Last year alone, Google turned over a staggering £3.6 billion pounds within the UK, which was a 15% increase on the previous year. This shows how IT is consistently growing as more and more businesses turn to the computing world in order to expand. Of course, there is more than just one successful IT company in the UK. Other corporations that influence IT in the UK consist of Facebook, Yahoo!, and LinkedIn, all of which could not successfully manage their operations without their UK base.

These large multimillion-pound companies are on the rise as more and more companies want to enter the UK and European markets. Even Microsoft announced earlier in 2013 that they would establish a technology centre in East London.

Why Oxford Has a World-Class IT Sector

London might be the epicentre of economic trade for the UK, but Oxford isn’t too far behind. The IT support in Oxford is of an outstanding level, and for that reason Oxford has a different stance on technology, one that is being recognised worldwide within the biotech industry and other similarly growing industries. The UK government has noticed that, in order to keep up with the demanding level of interest and to encourage innovation, they must invest in Oxford’s future, which is why they have allocated £30 million towards developing the area to assist small hi-tech companies that produce jet engines, super computers, and many more innovative technologies. That is why Chancellor George Osborne announced a £4 million fund to build a new “Innovation Accelerator” while visiting Begbroke Science Park. Chancellor George Osborne stated that “Oxfordshire is internationally recognised as a hub of innovation, and we have to keep this up.” This is great news for Oxford, and one thing we are going to need at the forefront is a strong IT support presence in order to make sure the cogs keep turning on this ambitious wave of innovation and technology.

The Future

It is important to secure our future in IT within Oxford and the entire UK. It is imperative that you make sure that your business is up to date with the latest technologies and that your systems are as automated as possible. Even within the family, it is important to have a good understanding of technology and to start young. This will allow people to find it easy to adapt to new techniques and have a good concept and knowledge base of how technology works.