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13:50 27th November 2009
The technology sector must be prepared to innovate if it is to lead the world out of recession over the months and years ahead, it has been suggested.
According to a report by the National Endowment for Science, Technology and the Arts (Nesta), innovation was the driving force behind two thirds of private sector productivity growth between 2000 and 2007.
As a result, businesses looking to boost their development and pull out of the economic downturn should be considering new ways to innovate in the future.
That could result in new opportunities in the IT industry as organisations consider how to use technology to its greatest potential in order to boost their efficiency and generate growth.
Lord Currie, chairman of the report, said it would be "critical in refocusing innovation policy on what really matters for enhancing the UK's prosperity".
The technology sector is expected to lead the world out of recession by increasing job opportunities and business development over the next few years, a recent study has suggested.
Written by Derek Oldman
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