Technology

Studies to understand the better productivity gains of the technology sector in the United States (US) compared to the UK and the comparative differences across Europe found that US multinational firms are on average 8.5% more productive than UK domestic owned firms, and that almost all of this difference is due to the higher productivity impact of their use of ICT. Further research by the Office for National Statistics (ONS) also concluded that over 80% of this productivity advantage is explained by better use of IT.

More recently, the LSE report ‘The economic impact of ICT’, found increased investment in ICT capital to have ‘played a major role’ in the doubling of US productivity growth rates; commonly referred to as the ‘productivity miracle’.

Principality has assisted a number of companies in the technology sector, including:

• Global Laser Ltd, Abertillery
  
  
• SmartData UK Ltd, Aberystwyth