Report: 2011 Info & Communications Technology
The 2011 Information and Communications Technology [ICT] report was released today [Oct 29] by the Department of Statistics.
The report indicated that in 2011 growth in the ICT sector declined 5.7% to $239 million, ICT-related jobs declined 3.6% to 914, imports of ICT goods and services dropped to $127.9 million, and exports of ICT services fell to $79.9 million.
The decrease in jobs was attributed mostly to a decline in the number of telecommunications engineers and telephone installers/repairers. Total ICT-related jobs represented 2.4% of overall employment.
The report said: “The restructuring and the re-domicile of businesses contributed to the loss of ICT-related jobs. In 2011, approximately 29% of all companies outsourced their ICT needs to other companies, 75% of which were local companies. This helped to slow the loss of local computing professional jobs as 15 more persons were employed in this field of work compared to 2010.”
As far as e-commerce, the report showed that 51% of all businesses have a web presence, however most did not utilise this web presence for e-commerce. Although the number of companies trading goods via the internet increased in 2011, only 28% of these companies used the internet to place orders for goods and services and 7% received orders over the internet. Most businesses used the internet for sending and receiving e-mails, with internet banking and accessing information among the more frequent internet activities.
The full report is below [PDF here]
Category: All, Business, News, technology
I feel a chill coming on.
Notice the way the report says “Growth in the ICT sector declined 5.7 per cent to $239 million”.
Total nonsense.
“Growth” did not decline to $239m. The total product of the sector reduced to $239m. It is misleading to suggest there is any growth at all. The sector actually shrank by 5.7%, just like it has shrunk every single year since 2008.
You’d think among the 7,000 civil servants they could get these things right.
I suspose the concept of “negative growth ” is foreign to you?
and light at the end of the tunnel, getting dimmer everyday…
These “facts” are utter rubbish and the clowns that wrote this should become a statistic…UNEMPLOYED!!
The recovery continues in every sector. Great going PLP! Good Grief!!!!
What does this means for the Cisco Academy graduates?
The truth is, the majority of students in the Cisco Academy already have jobs. Of the 30 or so students that started in the first phase of the program this month, only 2 or 3 of them are unemployed.
This outsourcing is bad because many of the jobs that are going are actually entry-level/ helpdesk jobs – jobs that students coming back looking for work would want to fill. That’s why you see mainly senior level IT jobs being advertised these days.
They don’t have a clue….they can’t attact new business. they can’t fix the industry regulations, they can’t manage the carriers and encourage them to upgrade their products to match the stupid crazy over-inflated pricing. A new government is needed. They’ve had their turn at the helm and have nearly wrecked the ship
I wonder how many jobs and joint business ventures were lost when Cable and Wireless decided to pack up and leave. You remember them don’t you? The company that the government won’t work with to attract new business to the island and improve telecoms on-island?