Politicians have noticed the advantages in failing and
starting again
Listening to politicians talking IT used to be amusing, as
most knew so little about the subject that they were bound to put a foot in the
mouth at some stage. But these days you don’t get the laughs – and it’s for the
better – as more of them have a decent grasp of what’s going on in the
industry.
It came across at this week’s Big Digital Debate – staged by
TechUK, the BCS and Computer Weekly – at which representatives of the UK’s
three main parties outlined their views in advance of the general election. It’s
notable that one, Labour’s Chi Onwurah, has worked in telecoms at Ofcom, while
the Conservatives’ Ed Vaizey and LibDem Julian Huppert both showed a reasonable
degree of knowledge (not surprising for Vaizey as he is minister for the
digital economy).
All highlighted the need for the UK to make more of its
digital talent, and cheered on the start-up culture that has emerged in various
hubs around the country. But they also acknowledged the gap between this and
the growth into successful mid-sized businesses that make a serious
contribution to the economy.
How far can a government go in providing this? There was
talk from the politicians about tax breaks, focusing support on technologies in
which the UK is strong, providing the broadband infrastructure and development
support, and ensuring schools and universities produce people with the right
basic skills. But there is a limit, and cultural factors are just as important.
Start-ups with bright new ideas for digital products and
services are great, but most of them will fail. It becomes a drag on the economy
when they linger and fritter away their founders’ talent. It’s best for the
economy if they fail quickly, leaving their people to start again with fresh
ideas or take their experience into other companies and help them grow. This is
crucial in an industry where the technology advances so quickly, and the chances
of success, often based on how it aligns with human behaviour, are
unpredictable.
It can still be something of a stigma to fail in a business
venture, but it shouldn’t be when those trying again are looking for seed
funding, technical facilities or research support. The new idea can often
benefit from the failure of the old one, and deserve the backing to give it a
chance.
Julian Huppert made the point that one thing that would help
build the UK’s digital economy is to help small companies fail quickly and
release their people to start again. That’s when failure becomes a virtue.
Mark Say is a UK based
writer who covers the role of information management and technology in
business. See www.marksay.co.uk