Featured Articles

Analyst reveals Apple Watch spec

Analyst reveals Apple Watch spec

An analyst has examined the Apple Watch supply chain in an effort to ascertain the exact spec of Cupertino’s new gadget…

More...
Nvidia's first 20nm product is a mobile SoC

Nvidia's first 20nm product is a mobile SoC

For much of the year we were under the impression that the second generation Maxwell will end up as a 20nm…

More...
Nvidia GTX 980 reviewed

Nvidia GTX 980 reviewed

Nvidia has released two new graphics cards based on its latest Maxwell GPU architecture. The Geforce GTX 970 and Geforce GTX…

More...
Nvidia adjusts GTX 980 and GTX 970 pricing

Nvidia adjusts GTX 980 and GTX 970 pricing

It appears that Nvidia has been feeling the pulse of the market and took some note from comments regarding the original…

More...
PowerColor TurboDuo R9 285 reviewed

PowerColor TurboDuo R9 285 reviewed

Today we will take a look at the PowerColor TurboDuo Radeon R9 285. The card is based on AMD’s new…

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