Featured Articles

AMD sheds light on stacked DRAM APUs

AMD sheds light on stacked DRAM APUs

AMD is fast tracking stacked DRAM deployment and a new presentation leaked by the company  points to APUs with stacked DRAM,…

More...
Nvidia officially launches the 8-inch Shield Tablet

Nvidia officially launches the 8-inch Shield Tablet

As expected and reported earlier, Nvidia has now officially announced its newest Shield device, the new 8-inch Shield Tablet. While the…

More...
Intel launches new mobile Haswell and Bay Trail parts

Intel launches new mobile Haswell and Bay Trail parts

Intel has introduced seven new Haswell mobile parts and four Bay Trail SoC chips, but most of them are merely clock…

More...
Aerocool Dead Silence reviewed

Aerocool Dead Silence reviewed

Aerocool is well known for its gamer cases with aggressive styling. However, the Dead Silence chassis offers consumers a new choice,…

More...
AMD A8-7600 Kaveri APU reviewed

AMD A8-7600 Kaveri APU reviewed

Today we'll take a closer look at AMD's A8-7600 APU Kaveri APU, more specifically we'll examine the GPU performance you can…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Tuesday, 27 March 2012 12:33

Online businesses grow

Written by Nick Farrell



Already have eight percent of UK market


Online businesses account for 8.3 per cent  of Britain’s economy but  Gary David Smith, co-founder of Prism Total IT Solutions claims that things are going to grow fast.

Smith said that Britain’s online businesses generated more than £121 billion for the UK economy in 2010 which is the equivalent of about £2,000 for each individual and a much bigger contribution than from the healthcare, construction or education sectors.

“Future growth of internet sales will impact particularly on small and medium sized companies who often base their businesses around a web presence,” said Mr Smith. “It is the growth to these companies that will create the new jobs that our economy so desperately needs.”

Research published from the Boston Consulting Group (BCG) indicate that internet sales to SME’s have increased by a yearly average of 12.5 per cent over the last three years. According to BCG, 13.5 per cent  of all UK sales were completed online and they project that figure to rise to 23 per cent by 2016.

The UK’s online sales are growing much faster than other developed economies. BCG predicts growth of 5.4 per cent to America’s online sales and 6.9 per cent for China. Smith warned that new, thrusting young business are often looking for efficiencies right from the start and he is seeing a tendency to be over reliant on Cloud computing.

“The Cloud should be viewed as a complimentary service to a company’s business infrastructure, not a replacement for it. Not having control of your own data can cause problems for businesses dependent on online sales.”

Nick Farrell

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments