Kyle McNabb VP and practice leader for application development and delivery at Forrester Research spoke to Computerworld UK and said that although Dyson's point isn't incorrect, governments should be looking to encompass growth from all aspects of the technology sector.

"I think Dyson is partially correct. You can't necessarily look at software and hardware as independent. What he's pointing at is that the end consumer doesn't care about the software or the hardware, it's about the product and the whole experience."

"If you look at these things in isolation you are missing the point. Our research is showing that the overall product experience and the engineering design and discipline have to be invested in."

He added. "Whether that's software, or more hardware, it doesn't matter. The discipline around total engineering is what is sorely needed in the US and Western Europe."

In other Tech City news, it was that three local Shoreditch technology businesses have clubbed together to launch a new high-speed fibre network and secure cloud services, catering to the cluster of high-tech businesses in East London.