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Companies will become paralysed and salaries will go upwards if there continues to be a lack of IT graduates, according to the British Computer Society (BCS).
Recent figures point towards a "big drop" in computer course applications and acceptances over recent years, which may adversely affect the number of new business start-ups.
Also, company directors will be unable to find adequate support for their businesses and sophisticated IT systems.
Last month, the Guardian reported that applications to study computer science have dramatically fallen since the start of the decade. In 2000, 500 students applied and 100 were accepted.
Between 2001 and 2006, acceptances fell by 42 per cent and last year, 210 people applied for computer-related courses and only 70 were accepted.
The BCS maintains that current computer science courses cover "tremendous breadth" and provide "an education that is highly prized in many sectors, not just the IT industry.
David Evans, government relations manager for the BCS, said: "It is harder and harder to do business without IT. IT innovation can be a major competitive advantage.
"IT can help businesses source, operate and sell globally, as well as just making things run more efficiently."
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