Software’s economic contribution hugely undervalued – ZDNet UK News


Link: Software’s economic contribution hugely undervalued – ZDNet UK News.

Also made the front page of today’s FT. An important story. As ZDNet says:

"The underestimation by the ONS will have a small but measurable effect on the economy as a whole, adding 1 percent to the GDP over 12 years and by 0.1 percent in any single year.

 

The newly revised figures cover both software purchased by firms and
organisations from external suppliers and software written and used
in-house. The in-house software development business is now values at
£13 billion, compared to £2.5 billion before. The value of the
purchased software business has risen from £5.5 billion to £8 billion."

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