Thousands of Irish software jobs could be lost abroad unless a skills and investment shortage is addressed, according to a new report published this week.

Ireland is not doing enough to incentivise employment in information technology leading to a shortage of talent and a resultant failure to grow the industry to its full potential.

A major report into the Irish software sector has found that Ireland risks losing jobs because of the lack of skilled workers here.

An €11.7m national centre for software engineering research will be established in Limerick to ensure the country is equipped to excel on the world stage, it was confirmed today.