UK’s information technology sector is expected to become one of the prime drivers behind the country’s economic recovery in near future and it is expected to create around 80,000 jobs in the coming four years, according to Steve Ballmer, the CEO of Microsoft.
While speaking at the Confederation of British Industry's annual lecture, Mr Ballmer predicted that over 2500 new companies in the information sector are likely to come up in Britain by 2013 and they will act as major sources of employment.
Mr Ballmer also expressed the hope that his company’s stress on innovation will hold it in good stead in coming years and he said that "The economy may be down for a while, but we should be able to survive with the right framework and innovation. Innovation should get us back on the path to long-term economic growth."
He also went on to add that investments in education, research and proper regularity framework from governments are essential for achieving growth in the economy.
While noting that the West has lagged behind emerging economies in recent years, Mr Ballmer was hopeful that if the right environment is created for innovation then the chances of a quick recovery and growth are quite bright.
Unfortunately, Ballmer did not predict the current recession and the millions of jobs it zapped. So how the CEO of Microsoft can predict that the technology sector will create 80,000 jobs in four years is puzzling. Ballmer did not say whether the jobs would be high profiles ones or not and whether the figures were for net job creation.
(Computer Word UK)