(Image credit: Alamy) Lackluster technology investment among British enterprises has cost the economy billions, according to new research from Virgin Media O2 Business. A study from the telecoms giant found that if UK-based firms had begun increasing their use of digital technology in 2021, they could’ve helped deliver a £111 billion increase in turnover by 2023. Similarly, increased tech adoption between 2021 and 2023 could have created 676,000 new jobs, the study found, including over 313,000 new roles in small and medium-sized companies. Nina Skero, CEO at Cebr, which carried out the survey on behalf of the firm, said the research findings underline the high stakes for both businesses and the broader UK economy. LATEST VIDEOS FROM itpro "Our findings clearly illustrate how digital leadership is directly linked to higher turnover, increased productivity and better performance across every economic metric,” Skero said. "By prioritizing cultivating a strong digital culture, organizations can unlock their full potential and drive sustained growth for the UK economy and wider society." The report found that three-quarters of UK firms identify as having a “strong digital culture”, with enterprises using a wider array of technologies today than they were in 2021. Notably, 77% said they […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
