The start of the Christmas holiday season has coincided with good economic news internationally and for the first time domestically with GNP beginning to register sustained growth of 3.8% over 12 months .
Over the last 12 months the Irish economy began its rehabilitation in the industrial world. Most of the European causalities of the great crash have yet to even start this process.
And 2013 has been the Irish Tech Year that’s beaten all recent years. The country has confirmed its position as a global ICT hub with this year’s web summit. It attracted 10,000 attendees from all over the world and speakers included top CEOs and company founders from Silicon Valley as well as senior executives from Irish firms like Logentries and Storyful. But even before this, Dublin and Cork have been the go-to-centres of European IT meet-ups.
Incubating New Businesses
The local economy is also an incubator for new industries as the Tech Pharma enterprises are demonstrating, combining expertise in the Life Sciences and Cloud Technology. And another strong Irish economic driver this year has been the application of big data to the Travel Industry.
Parallel with all this has been the steady development of a new feature to the Irish tech sector: the country, never blessed with an abundance of natural resources, is mining huge new strata of raw materials: big data and Opensource Software.
Both of which are inexhaustible commodities that can be exploited by Irish companies, refracted, refined and marketed with lots of value add by Irish developers.
Something else highlighted this year is the expanding indigenous industry’s need for foreign markets to sell its services into. So the government is now scheduling business trips to India and developing relations with China, Japan and other Asian countries.
Wearables are the Future
A year in review post is also an opportunity to look out to the upcoming years as well. In The Dublin Web Summit last October, CEO at Evernote, Phil Libin, said that wearable tech will follow the Smartphone trajectory and become an everyday item but this will happen much quicker than it took the Smartphone to triumph.
The local tech scene is already producing wearable IT: Dublin firm Zband is marketing a vibrating alarm wristband that’s controlled by the users Android or Windows device. From tech specs to wristbands, wearables could likely be to Smartphones what Smartphones were to PCs. We will keep you posted!
Next year will start with a sober optimism. The economy has been growing for the last two quarters modestly and yes, it’s still quite fragile. But this hasn’t dented Ireland’s global ambition. No Sir! The achievements of Irish entreprenuers in the last year were accomplished in the shadow of the great crash, just think what can be achieved when the economy is on the up again.
Finally, we would like to take this opportunity to wish you, our readers, our clients, and our candidates a Very Happy & Peaceful Holiday, and a Prosperous New Year. We look forward to providing you with more great content in 2014 and get in touch if you would like us to feature your company in one of our articles.
Main pic property of Govtech.com