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For every failure, there are a thousand new companies ready to thrive

Carillion 
Failures like Carillion get a lot of attention - but for every collapsed firm, a thousand new ones are ready to grow and succeed Credit: Yui Mok/PA

Strong US and China-led global growth is showing the positive impact of the digital revolution as digital entrepreneurs, both old and new, exponentially grow their businesses.

The largely US digital pioneers were students – Steve Jobs, Bill Gates and friends who used the internet to solve student problems: listening to music; buying books and second-hand furniture; gossiping with friends and dating. They included Apple, Microsoft, Amazon, Google, eBay, Twitter and Facebook – from start-ups to titans in just a few years. No UK firm has come close, and this has to change.

Britain's tech firms have not succeeded on the scale of Silicon Valley's giants, and that needs to change Credit: Corbis

As they grew older, the digital generation turned to grown-up issues: global payment systems, driverless cars, digital healthcare, buying a house or getting a mortgage. However we are just scratching the surface. Fintech, Medtech, Edtech, Agritech, Caretech and Govtech are just beginning. The smartphone is only ten years old....

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