Do you currently consume or create technology?
In the UK economy alone, the tech sector is seeing exponential growth, expanding 2.6 times faster than any other industry. Tech Nation’s 2018 report shows an increase in the digital tech sector with its value at a whopping £184 billion, a massive jump from the £170 billion we saw in 2016. What does this mean for UK businesses? Thanks to the rapid expansion of new technologies, innovative brands are trying desperately to compete, making it fundamental for the adoption of cutting-edge technology – even for those without a digital focus – to stand a chance at gaining the winning edge.
With the requirement to grow so rapidly, what are the best business models you can use to ensure quality and rapid, constant development? We explore the pros and cons of creating and consuming technology, and where each model can fit within your business.