The Digital Sector
One of the biggest advances in the last two decades has been the continuous emergence of new, disruptive digital technologies, revolutionising how we interact with the world. Digital technology encompasses a wide spectrum of technologies, including Internet of Things, Big Data, Machine Learning, artificial intelligence, e-commerce, cybersecurity and virtual and augmented reality. The most recent emergence being Blockchain technology, and its potential for redefining currencies, supply chains, and digital assets.
Digital technology is one of the key driving forces behind economic growth, providing almost 2 million jobs in the UK and growing year-on-year turnover by over 20%. The highly scalable nature of digital has seen grant funders keen to unlock the vast potential of these technologies, creating opportunities to expand to global markets and bring significant export benefits to the UK.