Sharing in the Success of the Digital Economy by Atkinson Robert D.;McTernan Michael;Reed Alastair;

Author:Atkinson, Robert D.;McTernan, Michael;Reed, Alastair;
Language: eng
Format: epub
Tags: undefined
Publisher: Policy Network
Published: 2012-08-15T00:00:00+00:00

We have struck gold. The relative intangible contributions to advanced economies, measured as a proportion of GDP, are today about double that of physical assets. On top of this, the Big Innovation Centre estimates that high-growth firms have 74 per cent more intangible assets and IP on their balance sheet than their slower growing counterparts.[1]

Despite having a significant number of high-growth firms, Britain is still suffering a chronic growth deficit. Investment and growth finance do not back high-growth firms that are capable of scaling their markets and activities. The same can be said for a whole suite of other countries. These are vital elements to be fixed both for the recovery to follow through and for trade deficits to be closed.

But there is plenty of opportunity. We are living through an intangible revolution sparked by computing power and connectivity which can be readily acquired at low and rapidly falling relative cost. There is clear potential for the use of these technologies throughout the economic system: from the way we live, work and run our businesses, to how we spend our leisure time. It is the same story with “big data”. Innovation is accelerating with technologies, especially digital ones, which can be applied for general purposes—the internet, visualisation, wireless cables, data mining and sensor technology. The new “smart” societies emerging also address business and societal opportunities for health and life sciences, sustainability and low carbon.

Download

Copyright Disclaimer:
This site does not store any files on its server. We only index and link to content provided by other sites. Please contact the content providers to delete copyright contents if any and email us, we'll remove relevant links or contents immediately.