Industry Insights

The outlook for 2023 is very positive since most tech companies surveyed by Tech UK anticipate a significant upturn in sales, capital investments and staff. British Fintechs have been a major force behind this growth – they attracted more investment in 2021 than the rest of Europe, the Middle East and Africa. It is widely agreed that the future of innovation is linked to the use of Artificial Intelligence, Augmented Reality (AR), Cybersecurity, Virtual Reality (VR), the Internet of Things (IoT), Blockchain and Robotics. Companies at the cutting edge of this technology are usually involved in multiple tech areas, such as robotics and cybersecurity.

Industry challenges

✓ Hybrid workforce issues (Deloitte, 2022)

✓ Increasingly urgent need to address climate change (Deloitte, 2022)

✓ Supply chain disruptions (Ibis, 2020)

✓ Fluctuating IT needs (Deloitte, 2022)

Investment opportunities

✓ Digital innovation (Tech Nation, 2020)

✓ The evolution of enhanced employee benefits, wellbeing programs, and flexible, hybrid workplaces (Deloitte, 2022)

✓ New approaches, vendors, and evolving leaders for multi-cloud orchestration (Deloitte, 2022)

✓ Advances in risk management for multi-cloud, multivendor environments (Deloitte, 2022)