According to a report that was published in 2017 by the State of European Tech, 2017 was a busy and big year for the industry in the European Union and Europe in general. For instance, article 50 was triggered to start the Brexit process in the United Kingdom where British citizens would eventually vote for the country’s exit from the European Union. The presidential election in France which saw the election of Emmanuel Macron as the French President and the reverting of Germany from the electronic to the manual system of voting has all seen a drastic change in the tech landscape in the European continent.
However, there is one country that seems to ride under the waves that have been transforming the tech industry in Europe, and that state is Ireland. It has managed to maintain a top position in the ever-growing tech industry, beat the odds and survived the test of time. The report from the state of European Tech infers that the fastest growing human resource capital base in the whole of Europe is in Ireland. The news is not surprising to many especially those who have been paying attention to the waves in the tech sector.
According to the survey, the tech advancements and innovations in Ireland were also superior as compared to other countries. However, Ireland’s lead gap to other countries was much more significant 2016 when a similar study was carried out in 2016. As of today, there have been new developments where countries such as Netherlands and Switzerland are emerging very fast in their tech industries and are overtaking the European tech giants that we have known for decades on end. For instance, the third largest tech human resource base was found in the United Kingdom.
However, the UK fell to number seven in 2017 behind unexpected players such as the Czech Republic. According to the study, the triggering of article 50 which led to Britain’s exit from the EU has the most significant impact on the tech industry in 2017. Moreover, a whopping 27% of the founders in the United Kingdom are no longer sure about the future of the tech industry in Europe as compared to how confident they were a year back. This is a remarkable number when you compare it with the 6% of unconfident tech investors in other countries in the European Union. This news is not surprising given the implications that Brexit is set to have on Britain’s tech sector and the workers who earn a living from it after Brexit is finalized.