A new model of competitiveness devised by academics at Goldsmiths, University of London in partnership with Microsoft scores almost half (46%) of UK firms in the lowest quadrant, posing a threat to Britain’s prosperity as organisations rally from the impact of COVID-19, and prepare for Brexit as UK-EU negotiations reach their conclusion.
The research finds that more than half (54%) of UK organisations surveyed have seen a decrease in revenue this year compared to last year, with more than one in five (22%) experiencing a drop greater than 15%. The same proportion (22%) had to scrap an existing business model within days of entering the UK’s first lockdown, and 45% of leaders surveyed expect their current business model will cease to exist in 5 years’ time – an increase of 12% over the past year.
However, the model also identifies minimal, rapid changes that UK organisations
The digital transformation underway across all sectors of the economy means that demand for technology professionals is soaring.
Even before the pandemic, it was clear that demand for technology skills and leadership was on the march. A study conducted by Faethm in association with the Australian Computer Society (ACS) reveals that although automation and AI are going to transform all industry sectors and displace some workers, over the coming 15 years as many as 5.6 million new jobs could be added to the Australian economy – a quarter of them in technology-related roles.
The annual Digital Pulse report – prepared by Deloitte for the ACS – suggests that the nation’s technology workforce will grow by just over 3 per cent for the next five years, and reach a million people by 2027. It’s an encouraging trajectory but an organisation like Iress, a fintech which is founded on solving complex problems
Co-Founder of Women in Cloud. I influence brands and entrepreneurs to unlock economic access through digital strategy and partnerships.
It’s been shown that diverse teams, including those with greater gender diversity, are on average more creative and innovative, and ultimately, they are associated with greater profitability. However, as McKinsey & Company notes, “despite the growing number of voices pushing for gender equality across the United States, and many tech companies stating that diversity is a priority, we are not yet seeing concrete gains in the tech industry.”
Women-led technology businesses face significant barriers when it comes to economic access. In 2018, female technology founders brought in just 2.2% of U.S. venture capital dollars.
While women in the technology sector were behind in the race for economic opportunities before the Covid-19 outbreak, the recent pandemic-related restrictions have had devastating economic and emotional impacts, pushing them even further to the