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Government report plans IT exchange to help business

The Innovation in Services report is designed to help UK businesses innovate through the use of internet services.  . The report said the government will work with the Technology Strategy Board and the British Standards Institute to take forward the report’s recommendations.

“Innovation is critical to the UK’s future prosperity, our quality of life and future job prospects,” said Innovation Minister Ian Pearson in a recent statement.

The report is based on industry-led reviews of sectors including internet services, environmental service sectors, retail, construction and logistics.

A key conclusion drawn by the report is the extent to which the internet has transformed the power of consumers. “Innovative businesses have responded by adapting their business models to meet customer expectations,” the report noted.

The government said in its response that an independent review will look into barriers of next-generation broadband networks in the UK. The review will support Ofcom’s latest research and will be led by former Cable and Wireless Chief Executive and current Vice Chairman at Lehman Brothers, Francesco Caio.

The report also found that a lack of international agreed standards is holding back innovation. The government stated its intention to work with the British Standards Institute to develop a more strategic approach to standards, particularly in areas such as logistics and carbon footprint.

Derrick Cameron from IT firm Eximium comments “It’s good the government has recognised just how vital the infrastructure surrounding the internet is and is pre-empting the need to upgrade it in the future.”

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This entry was posted on Wednesday, October 22nd, 2008 at 10:56 am and is filed under Business Advice, IT Advice, News . You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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