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UK's Internet Economy Tops Amongst G20 Nations
2012-03-22 05:25:47

The Internet is responsible for a larger percentage of the UK's economy than any other G20 industrial or developing nation, a new study from Boston Consulting Group (BCG) has discovered. According to BBC News, BCG figures show that the UK's "Internet economy" was worth £121 billion pounds (approximately $192 billion) in 2010 -- or in excess of £2000 ($3,176) per person. Furthermore, they discovered that the Internet contributed more to the UK economy than the education,...

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2012-01-30 08:00:42

Correction: An earlier version of this article erroneously stated that Google had sponsored the BCG study. BCG representatives have informed RedOrbit that Google had sponsored similar research in 2010, but that this latest study was commissioned solely by BCG. The information has been corrected in this version of the report. We apologize for any confusion the error may have caused. Fueled by the rapid growth of mobile Internet access, the value of Web economy in G-20 countries will nearly...

2011-07-05 23:01:00

DETROIT, July 6, 2011 /PRNewswire/ -- Internal combustion engines are improving their ability to cut CO2 emissions at a lower cost than expected, and, as a result, carmakers should be able to meet 2020 emissions targets mainly through improvements to conventional technologies, according to a new report by The Boston Consulting Group. The report, Powering Autos to 2020: The Era of the Electric Car?, is being released today. Internal-combustion-engine (ICE) technologies offer the...

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2011-06-29 05:12:30

According to a new study, mobile financial services are expected to improve the lives of around 2 billion people in developing countries within a decade and boost economies. "Overall, mobile financial services can reduce financial exclusion by 5 percent to 20 percent through 2020 and increase gross domestic product (GDP) by up to 5 percent, with Pakistan, for instance, potentially seeing a 3 percent uplift," the Boston Consulting Group, who performed the study, said in a statement to...

2011-03-30 15:08:00

REDMOND, Wash., March 30, 2011 /PRNewswire/ -- Citing a 75 percent revenue growth last year, and the firm's disruptive approach to management consulting, Consulting Magazine named ARRYVE one of its Seven Small Jewels for 2011, making the company one of the fastest to reach the award in history. "We started ARRYVE with a vision and a lot of work to do," said Chris Stephenson, ARRYVE partner and co-founder. "Less than four years later, ARRYVE is known for top quality consulting, smart,...

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2010-10-28 09:15:00

A new study sponsored by the UK branch of technology giant Google has discovered that the Internet contributed 100 billion pounds, or nearly $158 billion, to the British economy last year. In other words, the World Wide Web accounted for approximately 7.2 percent of the entire gross domestic product in 2009, according to research completed by the Boston Consulting Group (BCG). Furthermore, as BBC News reported on Wednesday, that would make it the fifth largest economic sector in the...

2010-09-02 10:16:00

ATLANTA, Sept. 2 /PRNewswire/ -- North Highland (www.northhighland.com), a global management and technology consulting company, has been named to Consulting Magazine's "Best Firms to Work For", marking its fourth consecutive year in the top four. This year, North Highland ranks third on the prestigious list of business consulting firms, with only Bain & Company and The Boston Consulting Group ranked higher. The rankings were determined by a survey completed by nearly 8,000 professional...

2010-01-21 10:16:00

DETROIT, Jan. 21 /PRNewswire/ -- For at least the next decade, the future of the automotive industry lies in the BRIC countries. Together, Brazil, Russia, India, and China will account for 30 percent of world auto sales in 2014 -- while also offering significant opportunities for cost-effective R&D, sourcing, and manufacturing, says a new report released today by The Boston Consulting Group (BCG). Yet, although virtually all multinational automotive OEMs and tier 1 suppliers have set...


Word of the Day
barghest
  • A goblin in English folklore, often appearing in the shape of a large dog and believed to portend imminent death or misfortune.
  • A ghost, wraith, hobgoblin, elf, or spirit.
The origin of 'barghest' is not known, but it may be from perhaps burh-ghest, town-ghost, or German Berg-geist (mountain spirit) or Bär-geist (bear-spirit).
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