The UK has some of the most exciting and successful technology businesses in Europe, but they’re often overlooked. Many investors and analysts tend to focus on the so-called Magnificent Seven US tech giants, which dominate the global tech sphere. But here in the UK, we also have a number of companies that are leading the charge in their respective fields. They’re often overlooked because investors don’t understand their current technological story and prowess as they have shifted their business models and investors haven’t quite caught up.
A great example is the emerging artificial-intelligence (AI). It has been a mainstay of the UK tech industry for decades, and for most of that time it sold accountancy software to clients on a CD. Clients would buy the initial CD, paying upfront when they did so, and then have to pay for additional updates, which generated a steady, if lumpy, income stream for the group.
