THE Isle of Man has a thriving e-business sector which accounts for around 13 per cent of GDP in the economy.
The 12 per cent is made up of 9.1 per cent e-gaming and 3.8 per cent information and communication technology (ICT).
The foundation for this success has been the island’s world-class and highly resilient telecoms and electricity infrastructure and its network of new data hosting centres which incorporate disaster recovery facilities.
The resilient nature of the Isle of Man’s infrastructure is epitomised by the fact that there is no single point of failure. If a fault occurs then the island’s ‘self-healing ring technology’ kicks in to enable seamless transition to switch to alternative power or data routing.
The e-business sector has also benefitted from other feature of the island’s business environment which enables businesses across a wide range of other sectors to be successful. This includes e-business-friendly legislation, competitive taxation and a nation committed to maintaining the highest standards of international compliance.
The Isle of Man has also been used in recent years as a test-bed for new technologies and was at the forefront of the launch of both 3G and 3.5G services. Manx Telecom was the first European operator to launch a 3G mobile service and the first in the world to launch a 3.5G.
All these factors have enabled the Isle of Man to become a significant player within e-business and a significant cluster of firms has established in the island particularly around e-gaming and e-payments.
This year’s Isle of Man Newspapers Awards for Excellence, in association with RBS International, will be held on November 15.
Application forms are available at www.iomtoday.co.im/afe.
If you would like to find out more about what entering can do for you, contact Trudi Williamson (tjw(at)newsiom.co.im) or Sarah Radcliffe (sarah.radcliffe(at)newsiom.co.im) or call 695695 for more information.