Expanding Horizons: Latest North East Business News in the Tech Industry
The North East boasts of a thriving business environment that is fast becoming a hotbed for tech startups and established firms. The region has witnessed an impressive growth in the tech industry in recent years, with companies leveraging technological advancements to gain a competitive advantage in their respective sectors. This article delves into the latest North East business news in the tech industry by highlighting key developments, trends, and insights that are shaping the industry.
Digital Transformation
Digital transformation has become a buzzword in the tech industry, and the North East has not been left behind. The COVID-19 pandemic accelerated the adoption of digital technologies as businesses sought to survive disruptions caused by the virus. According to the North East LEP, an organization that drives economic growth in the region, the pandemic has created new opportunities for businesses to innovate, with tech playing a crucial role in their operations.
One such company is Tonik Energy, an energy provider based in Birmingham. The firm recently appointed software development agency hedgehog lab to revamp its mobile application as part of its digital transformation strategy. The app, which enables customers to track their energy usage and access account information, boasts of user-friendly features and an intuitive interface.
Artificial Intelligence
Artificial intelligence (AI) has become an integral part of modern business, with companies harnessing its potential to automate operations, improve customer experience and gain insights from data. In the North East, AI is driving innovation, with companies developing intelligent solutions that are transforming the industry.
One such firm is Newcastle-based Wordnerds, which specializes in AI-powered text analysis. The company recently secured a £1m investment to develop its technology, which enables businesses to analyze large volumes of customer feedback from multiple sources. The solution uses AI algorithms to identify key themes and sentiment, enabling companies to make data-driven decisions.
Cybersecurity
As the tech industry continues to grow, the need for cybersecurity has become increasingly important. With the rise of cyber threats, businesses need to safeguard their data, networks, and systems from unauthorized access. The North East is home to several cybersecurity firms that are driving innovation in the industry.
One such company is Sunderland-based Onyx Health, a marketing communications agency that specializes in healthcare cybersecurity. The firm provides cybersecurity solutions, including penetration testing and vulnerability assessments, to healthcare organizations, ensuring that they comply with data protection regulations.
In Conclusion
The North East’s tech industry is expanding at an impressive pace, with digital transformation, AI, and cybersecurity driving innovation in the sector. Businesses are leveraging these advancements to gain a competitive edge and improve their operations. By embracing these technologies and adapting to changing trends, the North East’s tech industry is poised for greater growth and success in the future.
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