October 2 2014 Latest news:
Shaun Lowthorpe, Business editor
Wednesday, June 4, 2014
Think of IT and the chances are you might think of something ticking over in the background, perhaps only to bear in mind when it goes wrong.
But in fact IT is a core part of the UK economy and according to e-skills UK, the sector skills council for business and technology, exploiting the full potential of IT could boost the UK economy by £50bn over the next five to seven years. Now in its second year, the Outstanding IT Initiative category seeks to celebrate those investing in IT both to grow their businesses and make them better.
• Click here to find out more about the Outstanding IT Initiative Award
Christopher Cooper, director of Computer Service Centre, sponsors of this EDP Business Awards category, said the contribution of IT to the economy cannot be overstated.
“It’s the second largest industry to financial services - it’s huge,” he said. “At the end of the day it’s what drives the economy so it is vitally important. If you haven’t got IT, you can’t work. You can’t do PAYE, you can’t pay your suppliers correctly,” he added. “There isn’t a single part of business that it doesn’t touch, whether it’s retail or manufacturing. They all need technology.
“Over the last two decades we have seen an exponential rise in the way that IT is helping to run businesses. We think that it is important to recognise the investment that company directors are making in that area. The great thing about this award is that it covers so many different businesses and sectors. Anyone can apply as long as they have been investing in IT.”
The words ‘I’m out’ too often spell the end for an invention before it has even left the drawing board.