Office for National Statistics (ONS) analysis shows that around 1.5 million jobs in England are at high risk of some of their duties and tasks being automated in the future. Experts are anticipating that a new, fourth Industrial Revolution is just around the corner — Industrial 4.0.
This will have products such as virtual reality, 3D printing, self-driving cars and devices to track almost everything you can think of. Now is the time to be future-proofing your career by staying tech-savvy, developing your competencies and entering a career where you will be disrupting instead of being disrupted.
The proof was in the pudding in 2020, one of the toughest years we’ve faced, when UK Tech showed how robust it was, increasing job openings by 50% between July and December (Tech Nation, 2020).
This compounds an exciting period of growth for UK Tech. Britain is now the ‘Unicorn’ capital of Europe — as of January 2020, London had 45 unicorns (startups worth at least $1 billion) compared to 10 in its closest continental competitor, Berlin.
Facebook, Apple and Google have set up vast HQs in London and Netflix have announced plans to triple their existing office space as it expands its UK operations.
In 2019, the UK sucked more investment into its tech scene than France and Germany combined, while UK fintech attracted more capital and completed more deals, alone, than the rest of the top 10 European countries combined.
This growth was seen across the whole tech sector. While the total amount of capital invested in tech startups in the US and China fell sharply in 2019, in Britain it increased by 44%. From 2018 – 2020 the number of employees working in UK tech grew by 40% and the sector now accounts for 9% of the national workforce with 2.93m jobs. As you can see it is an increasingly growing industry!
Excitingly for Academy, based in Manchester, the city was named the fastest-growing tech city within Europe after investment in Manchester tech companies reached £181m in 2019.