Menu visibility control

Video

Events

Startup Surgery

Most Recent

Government & Policy

UK tech reacts to the arrival of the Fourth EU Money Laundering Directive

News

Inbound investment into UK tech ‘reaches 10 year high’

News

Starling Bank expands to Ireland as it eyes Europe

Press Releases

‘Connected finance’ app Curve hits £50m spend ahead of UK launch
“Coffee, networking and productivity”: Workspace disruptor ‘Lounge’ launches in London
Kompli-Global’s Technology Will Make Life Harder for Money Launderers

Top tech stats: Unicorns overvalued by 26.5%, the rise of flexible working & more

people-computer
twitterlinkedinFacebookgoogle_plustwitterlinkedinFacebookgoogle_plus

Welcome to your round up of some of the past week’s most interesting surveys, statistics and reports relevant to those involved in the UK tech industry.

This week, we have statistics relating to flexible working, smart home technology and research which indicates tech unicorns could be overvalued.

Flexible working

New research from UK employer solution firm My Family Care and recruitment platform Hydrogen has revealed the tech industry has the most number of employees taking advantage of flexible working hours and working remotely.

Top tech stats: London’s co-working community satisfaction, UK EdTEch investment and more

The report found 81% of tech employees claimed they work flexibly to some degree, which is 15% higher than the average of 66%.

Additionally, 88% of the 265 UK-based tech professionals consider the option to work flexibly more important than other benefits like private health insurance, enhanced pension scheme or bonuses.

Similarly 60% said they would rather have flexible working in lieu of a 5% salary increase and 50% said they would trade a 10% salary rise for flexible working.

Ben Black, Director of My Family Care, commented: “Thanks to the nature of their work and the ever-increasing development of technology, those who work in tech are able to work remotely and flexibly which is a fantastic way to improve your work/life balance and ensure your staff are engaged.

“The top benefit was revealed as being able to spend more time with family or a partner, closely followed by increased productivity – highlighting that it really is a win-win situation for both employer and employee. It is fantastic to see so many enlightened technology firms who embrace the concept of flexible working.”

Smart homes

A study by Halifax revealed 89% of UK adults have at least one smart device. 5% of respondents have over five smart devices.

Men lead the connected tech revolution, with 8% of men owning more than five smart devices, compared to just 3% of women. Men are also more likely to purchase a connected home device in the next year, with 20% indicating they plan to do so, compared with 14% of women.

The research also discovered the most popular connected home device to be the smart TV – 36% of respondents claimed to have at least one. Only 5% have smart heating, but 26% agreed it would be beneficial for them in their home.

Ian Lloyd, endto-end transformation director at Halifax, commented: “It’s amazing how many ways there are to enhance the interaction you have with your home through connected devices. Our research has revealed that whilst connected homes may well still be in their infancy, it’s likely that we’ll see more exciting propositions that revolutionise our households.

“Perhaps unsurprisingly, the introduction of smart devices which connect new areas of people’s homes to the web has been met with some apprehension. With over half of respondents citing the potential for hacking as a key concern, many homes will be weighing up the balance between convenience and peace of mind,” he added.

Overvalued unicorns

Research company Zirra has found the 20 most valued tech startups, including the likes of Uber, Didi, Snapchat and Airbnb, are overvalued.

Zirra valued the top 20 global unicorns and compared them with Wall Street Journal’s live list of private tech companies, finding they are overvalued by a median gap of 26.5%.

Some of the more prominent examples include Airbnb, with a 54% gap (Zirra values at $13.8b, WSJ at $30bn), Dropbox, with a 52% gap (Zirra values at $4.8bn, WSJ at $10bn) and Pinterest, with a 60.9% gap (Zirra values at $4.3bn, WSJ at $11bn).

Enter your email address to receive updates straight to your inbox

* indicates required
Send me news on...
twitterlinkedinFacebookgoogle_plustwitterlinkedinFacebookgoogle_plus

Editor's picks

UK tech reacts to the arrival of the Fourth EU Money Laundering Directive
posted 5 hours ago

Inbound investment into UK tech ‘reaches 10 year high’
posted 6 hours ago

Starling Bank

Starling Bank expands to Ireland as it eyes Europe
posted 10 hours ago

FinTech startup Yoyo Wallet gets £12m to expand across Europe
posted 12 hours ago

Survey: 22% of female tech founders not heard by male investors
posted 13 hours ago

man smiling at colleague

Your employer brand: How to be more attractive to tech professionals
posted on June 25, 2017