Talent Shortage in Technology Is Everywhere: Grech

The transcript discusses the UK's digital economy growth, highlighting its significant contribution to GDP and its rapid expansion within the G20. It addresses challenges in talent acquisition, including visa complexities and the scarcity of digital talent. Efforts to mitigate these issues through education and training initiatives, such as the Digital Business Academy, are explored. The conversation also touches on the cost of doing business in London, noting real estate challenges but emphasizing the city's appeal for tech companies.

What percentage of the UK's GDP is currently attributed to the digital economy?

• 20%

• 5%

• 15%

• 10%

What is the primary concern for companies like Unruly in the UK?

• Funding

• Access to talent

• Real estate costs

• Marketing

What is one of the long-term solutions to the talent shortage in the UK?

• Outsourcing work

• Improving digital skills education

• Reducing taxes

• Increasing salaries

What initiative is being launched to help address the digital skills gap?

• Entrepreneurial Hub

• Coding Bootcamp

• Tech Talent Program

• Digital Business Academy

Why is London still considered a great place for tech businesses despite rising costs?

• Low taxes

• Abundant real estate

• High density of tech companies

• Government subsidies

What strategy are some London-based companies using to manage costs?

• Relocating to other countries

• Increasing product prices

• Opening development teams in other UK cities

• Reducing workforce

Which UK city is noted for excelling in artificial intelligence?

• Manchester

• Bristol

• Edinburgh

• Cambridge