Life Sciences and ICT Expenditure

Thursday 18th January 2018
ICT Expenditure Report

The USA has launched its Accelerator Life Science Partners that catalyzes the development and commercialisation of breakthrough biotechnology innovations. In Scotland, ScotlandIS launches groundbreaking insight into public sector ICT expenditure.

The USA accelerator for Life Science partners explains these are trusted partners that provide a complete business, scientific, and financial toolkit necessary for successfully establishing and operating an early-stage biotechnology company. It nurtures its companies across all stages and in all facets of development, setting them on a path that offers the greatest chance for long-term success. Among these key resources are committed investment capital, experienced start-up management, world-class scientific expertise, and state-of-the-art laboratories with  shared facilities.

For Scotland, the public sector is one of the most important vertical markets for Scotland’s digital technologies industry but information about its current size and future developments has been very limited. Now ScotlandIS has gathered and analysed data for current and projected public sector ICT expenditure in Scotland to make it easier to assess market opportunities and take informed investment decisions. Launching soon, the Public Sector ICT Expenditure in Scotland report provides a comprehensive view of the sector, valued at £811 million in 2016/17, at a level of detail that has never been available before.

The report, produced in partnership with the Scottish Government, breaks down the actual spend by area of public sector over the past six years on ICT as well as forecasting outlays up to 2021. The report examines various areas of the market, and highlights opportunities for businesses to win contracts.

Colin Cook, (right) Director Digital of the Scottish Government, said: “This report demonstrates the importance of the public sector within the digital economy, and the Scottish Government is actively strengthening this relationship. I trust that this report will provide tech companies already supplying goods and services to the public sector with further guidance on future business opportunities, and provide companies that are new to public sector procurement with a better understanding of the opportunities that are available”.

The report predicts an increase in spending on mobile and flexible working. The move to the cloud in both private and hybrid forms is forecast to continue and increased public sector spend on cyber-security hardware and software is also expected.

 Polly Purvis, (above) CEO of ScotlandIS, said: “We conducted this research to respond to demand from members. The report is focused purely on the situation in Scotland with findings at a level of granularity that has not been available before.”

Breakfast briefings to launch the report will take place on the 17th January in Edinburgh and 18th January in Glasgow. The events will outline the key opportunities on the public sector ICT market and provide attendees with advice on ways to seize these opportunities.For Obtain your copy of the report 

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