Diligent and systematic inquiry or investigation into a subject in order to discover or revise facts, theories and applications.

Global businesses are moving from blockchain research to applying the technology to current business challenges. Many believe that this change will be taking place in the next 12 months. Linda Pawczuk, a principal with Deloitte Consulting, commented business ambition was shifting from “a focus on blockchain tourism and exploring the technology’s potential, to building practical applications”.

Hammond has promised the availability of fibre-to-the-premesis fibre broadband connections to 15 million homes in the UK by 2025. In addition, he is committed to delivering a nationwide full-fibre network to UK homes by 2033.

When people think of blockchain, cryptocurrencies such as Bitcoin are probably the first thought that springs to mind. Where blockchain, with Bitcoin, has caused disruption in the financial sector, blockchain has the power to disrupt and solve problems in multiple other sectors, such as Marketing & Advertising. Transparency, trust and battling counterfeiters.

For the majority of people calling insurance companies isn’t the most favoured activity. The insurance industry is one of the least innovative areas for customer experience. This is changing however and artificial intelligence (AI) is now playing a great role in this change. AI technology has the potential to disrupt the insurance industry and revolutionise consumer experience.

UK government is under increasing pressure to confirm whether BREXIT data flow between the UK and EU will be allowed to remain uninterrupted post-Brexit. Lack of even initial negotiations on data, now the lifeblood of the digital economy representing hundreds of billions of pounds of annual trade, raising concerns that the UK focus on tech in its post-Brexit plans, may run into problems if it can’t retain access to or process EU data.

Many have labelled the rise of Artificial Intelligence (AI) as a new type of industrial revolution. AI has the potential to improve productivity across a range of sectors, whilst lowering costs. However, there are risks of AI, similar to any technology that is not adequately managed or secured. The criminal network has been improving this capability for years through the use of botnets, and AI brings with it a new range of cyber security risks.

The digital economy now contributes approximately £97 billion a year to the UK economy and is attracting a significant amount of investment each year. It was very important that the technology sector was included in the sampled population for the questionnaire. The survey aimed to determine what the current use of the cloud is within this industry and additionally what individuals from this sector view as the greatest challenges to their IT plans over the next few years.