Written on 22 October 2019
The data economy
The Data Economy and the Creative Industries Cross-border data flows are the veins that feed the modern global economy. The success of data-reliant sectors – such as advanced manufacturing, logistics, financial services, data-analytics, marketing, and IT – are contingent on the UK’s ability to maintain data-flows with the EU.
The UK is an international leader for data flows, which have increased 28 times between 2005 and 2015. The UK currently has the largest data centre market in Europe, worth over £73 billion, with over 75% of UK data transfers occurring within EU countries. The EU knows this is an important issue. Estimates suggest that around 43% of all large EU digital companies were started in the UK, and the UK’s position on the EDPB has driven a lot of pan-European legislation implemented today.
The Creative Industries employ around 3 million people in all (9.3% of the UK total) and contributed £87.4bn to the UK’s economy in 2015. They account for 9.4% of all services exported from the UK, worth £21.2bn, with 45% going to the EU; and for 5.2% of all goods’ exports, another £14.7 billion in 2015. The UK has the largest internet economy of any G20 nation at over 10% of GDP. Nesta estimates that digital technology contributes £160 billion to the UK economy and 1.56 million jobs with 12% of them in data management and analytics solutions.
Related to The data economy
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As from May 2021 Google will be making substantial changes to the way in which they rank your website.
Test how you rank against your competitors..
The biggest change will be that they will be increasing the weight given to the ‘Core Web Vitals’ of the mobile version of your site.
Test how well your mobile site rates here…
From the 1st March 2021 main contractors in the construction industry have to account for the VAT of their CIS subcontractors