As Wales looks to the future, how will tech support economic growth?
In an era dominated by technological advancements, nations worldwide leverage innovation to drive economic growth and foster prosperity. With its rich history and distinct identity, Wales stands poised to harness technology's transformative power to propel its economy to new heights. Technology can be a vital catalyst for a thriving Welsh economy.
One of the fundamental pillars of economic development is digital connectivity and digital infrastructure. Ensuring that both rural and urban areas have access to high-speed broadband and cutting-edge communication networks is essential. By bridging the digital divide, Wales can create a level playing field, allowing businesses across the region to connect, collaborate and compete on a global scale. Becoming smart cities and rural economies is crucial to this ambition.
The future workforce needs to be equipped with digital skills, so it is imperative to develop and nurture a tech-savvy workforce. Initiatives to promote digital literacy, coding boot camps and specialised training programmes can empower Welsh workers to thrive in an increasingly tech-driven economy. Furthermore, this approach can help to retain and attract the very best talent to Wales to support economic prosperity. This enhances employability and fuels innovation as individuals bring their newfound skills across industries. Focusing on developing skills in the early years and throughout education also ensures that the necessary skills are maintained.
Technology thrives in environments that encourage collaboration, creativity and innovation. Fostering innovation ecosystems by establishing innovation hubs, incubators, and accelerators can create these ecosystems where startups and SMEs can flourish. These spaces provide the necessary support, mentorship, and resources for entrepreneurs to turn their ideas into successful ventures, contributing to economic diversity.
Streamlining government services through digital transformation not only enhances efficiency but also improves the overall business environment. E-government initiatives, such as transparent public services, automated resourcing systems, and online self-services reduce bureaucratic hurdles for businesses and citizens alike, fostering a more agile, responsible, efficient and cost-effective form of government.
In an interconnected world, trust is paramount. Strengthening cybersecurity measures protects businesses, individuals, and critical infrastructure from cyber threats. A secure digital environment instils confidence in online transactions, attracting more businesses to operate in Wales and contributing to the overall economic growth.
Data is the new currency and as such, it is this valuable resource that, when harnessed correctly, can guide informed decision-making. Encouraging businesses to adopt data analytics tools enables them to gain valuable insights, optimise processes, and identify growth opportunities. This data-driven approach enhances competitiveness and positions Welsh businesses at the forefront of innovation.
Embracing technology in traditional sectors like health and social care, agriculture, manufacturing and tourism can unlock new possibilities. Leveraging AI and emerging technologies in education and healthcare, smart farming practices, industry 4.0 in manufacturing, and immersive technologies in tourism can enhance productivity, reduce environmental impact, and attract a new wave of tech-savvy consumers.
In the pursuit of economic growth, sustainability should not be overlooked. Promoting green IT initiatives, such as supporting the transition to green energy, and leveraging energy-efficient technologies and responsible e-waste management as well as leveraging innovative technologies, aligns economic development with environmental stewardship, ensuring a prosperous and sustainable future for Wales.
As Wales looks to the future, the role of technology in supporting economic growth cannot be overstated. By investing in digital infrastructure, nurturing a tech-savvy workforce, fostering innovation, and embracing sustainable practices, Wales can position itself as a vibrant and competitive player in the UK and in a global economy. The journey towards economic growth and thriving through technology is an ongoing one, but with strategic planning and a commitment to innovation, Wales has the potential to unlock unprecedented opportunities for both the public and private sectors as well as the citizens of Wales.
About CGI
From the seabed to space, CGI is trusted by our clients around the world and across all industries, to deliver complex, mission-critical things well. We are leveraging the most cutting-edge technologies and innovations, and we understand the impact of society on the environment. Working in partnership with academia, governments, organisations and communities we leverage innovative IT, supporting our clients on their digital transformation journeys and transition to net-zero. We are proud to be a responsible business, committed to a more inclusive and sustainable world, for future generations.
techUK – Building Stronger Local Economies
techUK champions the tech sector throughout the UK. We work with local authorities, devolved government, and local and national policy makers to advocate for the tech sector in strengthening economic growth and resilience. We provide opportunities for our members and local stakeholders to meet, build relationships, and collaborate to drive forward local projects. For more information or to get in touch, please visit our Nations and Regions Hub and click ‘contact us’.
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Matt Robinson
Matt Robinson
Matt is techUK’s Head of Nations and Regions.
Matt is leading techUK’s work with members and stakeholders across the UK to increase the Local Digital Capital across the UK’s nation and regions, build communities and to ensure that digital technology plays a key part the post-COVID-19 levelling-up recovery.
Prior to joining techUK, Matt worked for several national education charities and membership bodies to develop their regional partnerships with schools, academy trusts, local authorities, and other stakeholders. He’s also worked with local authority leaders and other stakeholders to engage communities, work with elected members and improve public services.
He holds a BA in Politics from the University of York and an MA in International Relations from the University of Leeds. Away from work he’s a keen football fan and golfer.
If you’d like to find out more about our work in the nations and regions please get in touch with Matt:
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Ileana Lupsa
Ileana Lupsa
Ileana Lupsa is the Programme Manager for Local Public Services and Nations and Regions, at techUK.
Ileana studied electronics, telecommunications and IT as an undergraduate, followed by an MSc in engineering and project management at Coventry University.
She refined her programme management expertise through her most recent roles working in the automotive industry.
Ileana is passionate about sustainability and creating a positive impact globally through innovation.
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- [email protected]
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- @IleanaLupsa
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- www.techUK.org
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- www.linkedin.com/in/ileana-lupsa
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