 uk tech industry uk tech industry barsha jeu 23092021 1633 a person s day begins with an alarm on his or her phone and scrolling through instagram feeds these days technology has touched nearly every single area of our life from the ways we read newspapers to the way we interact everything has changed meaning the tech industry has been growing tremendouslyit is no different for the uk too technology sector has contributed over 149 billion to the uk s economy in the year 2018 industries such as healthcare entertainment transportation cyber security financial services agriculture communication etc are benefited from the uk technology as per the data provided by the government s digital economy council investment has increased from 12 billion to 113 billion in the uk s technology industry for the past ten years however following a 41 billion investment in 2015 the number began to rise dramaticallyartificial intelligence has grown in the previous decade by 145 london is declared as the ai european capital with roughly twice the number of ai businesses in comparison to other cities like paris berlin unicorn s tech company having worth of more than 1 billion number has also seen to be increased from 8 to 81 from 2010 to 2020 in the beginning of this year 2021 too a total of ten unicorns were generated resulting in 91 unicornsfrom these unicorns 13 unicorns were in the health tech space 14 unicorns were in the business software market 32 unicorns were in the financial technology area these three sectors are the ones that have continuously drawn the greatest money during the previous ten years when compared with the uk there are a total of 85 unicorns only combining israel france germany and sweden likewise the uk also outperforms its european competitors for venture capital investment as per dealroom the uk collected 15 bn or more in 2020 surpassing 148bn collected in previous years this amount is greater than the combined investment of france and germany the growth in unicorns and investments over the years has resulted due to the special blend of tech talent entrepreneurs and government officials which has enabled the uk to become a successful tech nation well known corporations around the world rely on the technology developed by the uk such as data centers artificial intelligence and 5g connectivity it is also keeping up with the digital hubs in china and the united states in proportion to the number of unicorns and entrepreneurial ventures generated london has fallen behind beijing new york and the bay area the industry is growing rapidly the uk can continue to lead a european tech environment with constant research policy innovation investment and right people a person s day begins with an alarm on his or her phone and scrolling through instagram feeds these days technology has touched nearly every single area of our life from the ways we read newspapers to the way we interact everything has changed meaning the tech industry has been growing tremendouslyit is no different for the uk too technology sector has contributed over 149 billion to the uk s economy in the year 2018 industries such as healthcare entertainment transportation cyber security financial services agriculture communication etc are benefited from the uk technology as per the data provided by the government s digital economy council investment has increased from 12 billion to 113 billion in the uk s technology industry for the past ten years however following a 41 billion investment in 2015 the number began to rise dramaticallyartificial intelligence has grown in the previous decade by 145 london is declared as the ai european capital with roughly twice the number of ai businesses in comparison to other cities like paris berlin unicorn s tech company having worth of more than 1 billion number has also seen to be increased from 8 to 81 from 2010 to 2020 in the beginning of this year 2021 too a total of ten unicorns were generated resulting in 91 unicornsfrom these unicorns 13 unicorns were in the health tech space 14 unicorns were in the business software market 32 unicorns were in the financial technology area these three sectors are the ones that have continuously drawn the greatest money during the previous ten years when compared with the uk there are a total of 85 unicorns only combining israel france germany and sweden likewise the uk also outperforms its european competitors for venture capital investment as per dealroom the uk collected 15 bn or more in 2020 surpassing 148bn collected in previous years this amount is greater than the combined investment of france and germany the growth in unicorns and investments over the years has resulted due to the special blend of tech talent entrepreneurs and government officials which has enabled the uk to become a successful tech nation well known corporations around the world rely on the technology developed by the uk such as data centers artificial intelligence and 5g connectivity it is also keeping up with the digital hubs in china and the united states in proportion to the number of unicorns and entrepreneurial ventures generated london has fallen behind beijing new york and the bay area the industry is growing rapidly the uk can continue to lead a european tech environment with constant research policy innovation investment and right people  