Digital careers offer lucrative opportunities as tech salaries reach new heights. The Tech Nation 2017 report reveals that the average digital salary now stands at an impressive £50,663 annually.
Comparatively, non-digital roles lag behind, with an average pay of just £35,155. This marks the tech sector as a significant contributor to the economy, growing at twice the pace of other areas.
Tech Sector’s Exponential Growth
The UK’s digital technology sector is expanding rapidly, currently employing over 1.6 million individuals. Theresa May, the Prime Minister, highlights the sector’s role in her modern industrial strategy, emphasising the government’s commitment to digital innovation and job creation. Her statement underscores the sector’s vital contribution to the modern economy.
Comparison with the Wider Economy
The Tech Nation 2017 report identifies a stark contrast between digital and non-digital sectors. Digital jobs are growing at more than twice the rate of other sectors, and salaries in this area have increased by 13% since 2012. Conversely, non-digital jobs have seen only a modest rise of 4%.
This disparity illustrates the demand for digital roles and their lucrative nature, driving more individuals to seek careers in technology.
Government Support and Strategy
The UK government is prioritising the digital tech sector within its industrial strategy. By supporting innovations such as Artificial Intelligence, robotics, and 5G, the government aims to strengthen the tech ecosystem.
The establishment of new Institutes of Technology and revitalisation of STEM education are critical elements in ensuring the future workforce is equipped with necessary skills.
This strategic focus is designed to ensure opportunities are distributed evenly across the UK, not confined to traditional tech hotspots like London and the South East.
Economic Impact and Investment
The digital economy is positioned at the core of Europe’s tech scene, attracting substantial global investment. The UK leads in tech sector size and value, with £6.8 billion invested in 2016.
This investment surpasses other European countries, highlighting the UK’s appeal as a digital business hub.
Regional Growth and Salary Distribution
Tech salaries are not confined to London, with regional clusters experiencing significant growth. Cities such as Newcastle, Sheffield, and Leeds report over a 25% increase in digital salaries in five years.
This widespread growth signifies a robust national tech presence, challenging the notion that lucrative tech careers are exclusive to the capital.
The report demonstrates that digital opportunities are proliferating throughout the UK, fostering innovation and economic growth.
Vision for the Future
Tech City UK’s CEO, Gerard Grech, envisions the UK as a global leader in technology. He emphasises maintaining access to international talent while nurturing local skills.
The report is a clarion call for collaboration, urging the public and private sectors to unite behind a shared vision of technological advancement. This cooperation is key to positioning the UK at the forefront of global tech innovation.
Conclusion of Findings
The Tech Nation 2017 report conclusively highlights the burgeoning nature of the UK’s digital sector.
With supportive governmental policies and increasing public awareness, the sector is set to drive British economic success further.
The UK digital tech sector’s rise showcases the transformative power of innovation. It’s not only about higher salaries but creating a sustainable future.
Such growth emphasises the crucial role of technology in shaping a prosperous economy. As these trends continue, the sector is poised for even more significant achievements.