1 Apr 2010, Neil Stinchcombe, Eskenzi PR, www.360itevent.com
London 16th April 2010 - Whilst the government - and the three leaders of their respective political parties - have been vaunting the UK's leadership in technology in the run-up to next month's election, the founder of Cochrane Associates, Peter Cochrane, says that Britain lies somewhere between 20th and 30th place in the global broadband revolution.
In a blog posting on the 360°IT - The IT Infrastructure Event Web site, Peter, who was head of BT Research in the 1990s and is now an acclaimed futurologist, said that it will cost £500 billion to bring the UK's travel and communications infrastructure up to standard.
But, he says, it will cost a fraction of this sum - somewhere between £5 and £15 billion - to get every home and office in the UK hooked up to optical fibre and the ultra-fast broadband speeds the technology creates.
"On a national scale this is truly an insignificant amount of money... yet the potential for economic rejuvenation is I believe far greater than for any other sector or investment," he said.
According to Peter, leading economies ascribe more than two per cent GDP growth to broadband expansion with the broadband crown currently being worn by Korea and Japan.
"Simply put, the industry followed the bandwidth and people in South East Asia now access games and facilities unavailable to the rest of the world," he explained.
"In the mind of Government, the UK is at the forefront of the broadband revolution. Unfortunately, we are not even in the top 10. Our ranking is actually somewhere between 20th and 30th," he said.
"The UK has to grasp the nettle, stop all debate, and get on with the job. In the next phase we are going to see manufacturing industry transformed by 3D replicators and networked operations across the planet. But without the infrastructure we won't be able to play," he added.
If you want to read more from futurologist Peter Cochrane's or comment on his 360°IT blog post visit: http://www.360itevent.com/page.cfm/action=Archive/ArchiveID=1/EntryID=37
The 360°IT Blog is part of the new 360°IT - The IT Infrastructure Event, taking place on 22-23 September 2010 in Earls Court, London. For more on 360°IT the event that demonstrates how IT infrastructure solutions can help to achieve key business objectives such as improving service, reducing cost, managing risk and gaining competitive advantage and growth visit http://www.360itevent.com