overview of the uk tech industry: 2014 state of play
DESCRIPTION
The UK is one of the most technologically advanced nations in the world. Find out what the industry drivers are, how the industry is faring at the 2014 mid-point and what changes are on their way. For more on this subject, why not download our free Whitepaper from our website: https://www.technicallycompatible.com/blog/whitepaper-the-uk-tech-industry-state-of-play-2014 No signup required!TRANSCRIPT
The UK Tech Industry - State of Play
July 2014
Britain is one of the most technologically advanced nations in the World. With...
...
Data Source: Dept for Business, Innovation & Skills (BIS)
Data Source: BIS
...creating employment for
1.2 million people.
London Calling...
The Tech Sector grew 16.6% between 2009-2012
Data Source: BIS
UK Tech Industry Sub Groups.
Data Source: KPMG
- Software Publishing.
- Manufacture of computer,
electronic and optical products.
- Data Processing and related activities.
- Computer Programming and related activities.
- Manufacture of electrical equipment.
The Downturn Effect.
A Resurgence in purchasing intentions.
Lowest point (40)
The Purchasing Manager’s Index (PMI)
Source: Adapted from “KPMG Tech Monitor UK - April 2014
Highest point (65)
Industry Drivers.
In 2013, for the first time in 3 years, the PMI Backlog of Work Index exceeded No Change (50).
It now stands at 58.4.Indicating more bouyant client ordering activity.
Tech leading the way.
Markit Business Outlook Survey - Feb 2014
Source: Adapted from “KPMG Tech Monitor UK - April 2014”
Super Salaries. Lack of Supply vs. Skills in Demand
Source: IT Jobs UK - http://www.itjobswatch.co.uk/
Mind the gap...
PWC report 64% of UK businesses are concerned about skills shortages.
Be careful what you wish for.
As vacancies are left unfilled, it is often the rest of the staff who pick up the slack.
With 66% of UK managers feeling that unfilled vacancies left staff feeling overworked, more stressed and attributed it with lower morale.
- Source TalentParty.com
Let me see the light.
Increase engagement and participation. - Massive Open Online Courses (MOOCs)
Women in Tech.
Gartner recently reported that...
An inherent gender preference. The ‘hero mentality’ of job promotion in tech...
...whilst women just get on with it.
Chime for change.
Campaigns to address the imbalance...
- Government STEM campaign - ‘Your Life’. www.yourlife.org.uk
- techUK campaign - Women in Tech programme www.techuk.org
Find us on Twitter @TechCompatiblewww.technicallycompatible.com
Like this? Check out our Whitepaper for our deep dive.
SourcesKPMG - ‘Tech Monitor UK - April 2014’
The BIS - ‘Industry Strategy Progress Report - April 2014’Talent Party - ‘Revamping recruitment in the UK’