A recent report published by Public highlights the top 100 GovTech entrepreneurs and investigates the current GovTech market opportunity and landscape. The report showcases the successes businesses have already achieved at central and local levels of government.
Findings include the statement that the UK GovTech market could be worth £20billion by 2025 and is continuing to grow each year.
In 2016, the UN e-Government survey ranked the UK number one globally for both e-government development and participation. With successive governments having an increased focus on digital transformation GovTech entrepreneurs within the UK are taking the opportunity to develop new technologies to meet these challenges and needs. Governments are also facing an increase in demand for digitisation by citizens who want a fundamental change in the way they engage with the government. The report asks the question, not whether the government will embrace digitisation, but rather how and on what timescale.
The top 100 list was created by Public through extensive research looking at five key qualitative and quantitative variables including leadership, company structure, company size, innovation and impact on public services. The 100 were selected for their interesting product-led GovTech and had to be companies that are transforming, rather than merely fine tuning, government practices. The research focused on start-ups and SMEs whose offerings are disrupting traditional large suppliers.
Connexica are pleased be listed with other UK SMEs who are challenging old technologies and providing the public sector with a fresh way to look at their challenges and problems. Innovations include the award-winning ‘Kent Intelligence Network’, where Connexica’s ‘CXFIRE’ solution enables Kent County Council to combine 13 local authorities’ data sets through advanced data matching algorithms, using the combined data to identify potential fraud cases for investigation. Currently the project is set to save the partnership over £4 million in the first five years.
Simon Nicholls, Sales and Marketing Director at Connexica, said of the announcement: ‘We are pleased to be recognised by Public as one of the top 100 GovTech entrepreneurs. We work hard at Connexica to help transform governmental services and provide new innovative solutions to the wider public sector. Further industry recognition is a testament to the fantastic work done by our staff and our customers through new technology.”
Connexica have also recently been placed as top 10 data entrepreneur in the Information UK ‘Data 50’ awards.
To read the full report click here