Why IT matters

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Use our IT research to understand the importance of technology and keep up with latest trends

Technology-related skills are a major factor in the UK’s economic and social success.

This affects not only the 1.5 million people in the IT & Telecoms workforce, but also the 4.5 million business managers and 22 million employees who use IT in their daily work.

Why you need to know more about IT

  • IT & Telecoms is at the heart of every sector.
  • Output % change in IT services has been and is forecast to remain the highest of all UK sectors. 
    The IT & Telecoms industry directly contributed 9% towards the UK’s total Gross Value Added (GVA)*. Optimisation of ICT could generate an additional £50 billion of GVA across the UK economy over the next 5-7 years. 
    The economic contribution of the Internet is now said to be worth an estimated £100 billion to the UK economy.
    A strong IT & Telecoms sector underpins the economy; increasing capital and technology available to workforces and enabling the development of more profitable business models.
    Output % change in IT services has been and is forecast to remain the highest of all UK sectors. 
  • The IT & Telecoms industry directly contributed 9% towards the UK’s total Gross Value Added (GVA)*. Optimisation of ICT could generate an additional £50 billion of GVA across the UK economy over the next 5-7 years. 
  • The economic contribution of the Internet is now said to be worth an estimated £100 billion to the UK economy.
  • A strong IT & Telecoms sector underpins the economy; increasing capital and technology available to workforces and enabling the development of more profitable business models.

*GVA is the difference between the value of goods and services produced and the cost of raw materials and other inputs used to produce them.

 

See our IT & Telecoms research

See our Technology Insights 2012 suite of reports presenting the key trends, opportunities and challenges facing the UK over the next 10 years, and their implications for skills.

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"This Government believes technology-based innovation will be one of the key drivers of the private sector led economic growth that Britain so urgently needs."
Prime Minister David Cameron