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Digital disruption or digital dividend? The impact of new technology on the economy

  • Date(s)
    28 September 2015
  • Time
    8.15am-9.30am
  • Location
    Beachview Restaurant, 135 Kings Road, Brighton, BN1 2HX
Digital disruption or digital dividend? The impact of new technology on the economy

The UK has outpaced many other leading economies in recent years but productivity remains stubbornly low, something that the Bank of England has termed the UK’s ‘productivity puzzle’. The result has been stagnating living standards. Is the widespread adoption of information communication technologies (ICTs), including harnessing the potential of cloud computing and big data, the answer?

Although the UK is leading the world in the take-up of online shopping and has thriving hi-tech clusters of new startups, there is far more potential to adopt ICT across sectors, including public services. The US has been able to adopt ICT across its economy at a faster rate over the past couple of decades, resulting in far higher productivity.

The politics of digitalisation are challenging though. The forces of ‘creative destruction’ can disrupt jobs and the way people work and live. People from all backgrounds need to be enabled to harness technology and meet the demands of rapidly changing labour markets, whether they work for themselves or for someone else.

  • How can UK businesses be supported to be at the forefront of the digital economy and make the most of new advances in cloud computing and big data?​
  • Where can major productivity gains be achieved in the delivery of public services? And what are the barriers to adopting ICT?​
  • What more can be done to ensure that we prepare young people for the demands of a digitally-enabled economy and enable people to adapt to change?

 

Speakers:

Alison McGovern MP

Hugh Milward, director of corporate affairs, Microsoft UK

Tim Page, senior policy officer at the TUC (economic and industrial policy)

Anthony Painter, director of policy and strategy, RSA

Chi Onwurah MP, shadow minister for the digital economy

Chair: Thomas Aubrey, senior adviser, Policy Network

Partner: Microsoft

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