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Data Storage Needs May Rise As UK Economic
Confidence Jumps
The level of data storage UK companies can access may need to rise
as stronger economic growth and soaring confidence prompt increased
investment and expansion.
Britain has enjoyed three successive quarters of growth and the latest
ICAEW/Grant Thornton UK Business Confidence Monitor found
optimism is now at a ten-year high, with a reading of plus 31.

2. It tipped the UK to outperform all other western economies with growth
of 1.3 per cent in the final quarter of 2013. Moreover, this is tempting
businesses that might have been wary of making new investments in
recent months to spend more, according to chief executive of ICAEW
Michael Izza.
"The shape of the recovery is changing as businesses respond to rising
confidence by looking to new markets and increasing their investment
plans."

3. Similarly, chief executive of Grant Thornton UK Scott Barnes said:
"While still at lower levels than we would like to see, there are tentative
signs that businesses are increasing the pace of their investment and
export plans; both instrumental in achieving solid UK economic
growth."
The report also suggested employment will rise by about 1.7 per cent in
the next 12 months, with this growth being spread across a range of
different sectors as the service, construction and manufacturing sectors
alike continue to grow.

4. This may have an impact on the use of office space, as more staff
means extra desks and less room for the hardware or filing space
needed to keep electronic or paper data. In such circumstances many
companies could benefit from document scanning and other services to
keep data managed and secure.
One recent call for more private investment to boost the economy came
from chief secretary to the Treasury Danny Alexander.

5. Addressing the Confederation of British Industry last month, he said
some of the half-a-trillion pounds the country's businesses have in their
coffers needs to be invested if the economic recovery is to reach "top
gear".
He said a ten per cent rise on the level invested in 2012 could have
added another percentage point to economic growth.

6. Storetec News/Blogs."http://www.storetec.net/news-blog/data-storageneeds-may-rise-as-uk-economic-confidence-jumps". Data Storage
Needs May Rise As UK Economic Confidence Jumps. November 4,
2013. Storetec.