Feeds

UK could be a tech giant: report

If only we would stop being so British

  • alert
  • submit to reddit

3 Big data security analytics techniques

The UK has the potential to be an international technology powerhouse, according to analysts at Deloitte, but tough international competition, the risk of an R&D exodus, and a lack of UK-based tech companies means success is "not assured", the firm warns in a report.

Old fashioned British reserve could also prove to be a major weakness. The report says that it is important for the UK not to shy away from highlighting weaknesses in other countries, especially if it could bring in business.

William Touche, technology partner at Deloitte argues that the UK has a relatively strong position at the moment: "We have a strong science base, good innovations in a number of important areas, a strong economy and a leading financial market," he says. Touche also points out that the UK already has a strong foundation in stem cell research, biotechnology, micro-electronics, semi-conductor design, software and opto-electronics.

But, Touche cautions, an over-reliance on international technology companies means the UK is still exposed, particularly given the continued decline in the manufacturing sector.

"While multinational technology companies make a major contribution to the UK’s economy," Touche notes,"in the long term it is in the country’s interest to have more nationally-domiciled, profitable technology companies delivering intellectual property (IP) based revenues, in addition to creating employment and generating tax receipts."

To make sure the UK doesn't miss the opportunities presented by emerging technologies and consolidation in the IT sector, the report says, cooperation between the government, finance houses, academics and industry will be key.

Better communication between financiers and technologists would be particularly important to the future success of the tech sector in the UK, the report says. It urges venture capitalists to overcome the mistrust they feel towards technology, post dot-com crash, and says tech start-ups need to get better at presenting the business case for investing in their ideas. ®

Related stories

From stem cell to brain cell in a petri dish
Spain greenlights therapeutic cloning
Nuclear fusion: power to the people?

High performance access to file storage

More from The Register

next story
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Record labels sue Pandora over vintage song royalties
Companies want payout on recordings made before 1972
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Number crunching suggests Yahoo! US is worth less than nothing
China and Japan holdings worth more than entire company
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
prev story

Whitepapers

Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.