The Expensive Wonders of Tech that UK Firms are Purchasing

Many organizations are turning to new digital tools and services in order to increase productivity as hybrid and remote working become more popular.

According to a recent study by Virgin Media O2 and the Centre for Economics and Business Research, nearly half of firms (46%) feel that investing in the right equipment is the most effective approach to guarantee flexible working policies a long-term success.

The Covid-19 epidemic is expected to increase technology spending by 18% this year, compared with pre-pandemic expenditures.

They will spend a significant amount of money on collaboration tools (14 percent), cloud services (11%), and analytics and insight tools (10%). In addition to software, they will invest nearly 10% more in IT hardware.

According to experts, the pandemic has accelerated the adoption of technology in a business environment by an average of three years.

Increased productivity with remote working

Virgin thinks that both decision-makers and personnel agree that embracing cultural change is critical for long-term success.

The majority of CEOs (63 percent) anticipate technological changes will have a major influence on their company in the next two years, with many expecting it to be advantageous.

However, the majority of workers (73%) are not sure whether or how their jobs would change if more people work remotely. Meanwhile, more than a third of employees (36%) feel more productive working remotely, and 7% feel less so.

When it comes to feeling in control, trusted, and empowered, the results are virtually identical.

The report’s authors also claim that developing technologies that make hybrid working and digital innovation easier could add up to $103.59 billion to the UK economy within four years.

The government has taken to technology investment more quickly than the private sector, with 78% of decision-makers in the public sector reporting that they accelerated their adoption, compared to the UK average of 68 percent.

Many organizations are turning to new digital tools and services in order to increase productivity as hybrid and remote working become more popular.

According to a recent study by Virgin Media O2 and the Centre for Economics and Business Research, nearly half of firms (46%) feel that investing in the right equipment is the most effective approach to guarantee flexible working policies a long-term success.

The Covid-19 epidemic is expected to increase technology spending by 18% this year, compared with pre-pandemic expenditures.

They will spend a significant amount of money on collaboration tools (14 percent), cloud services (11%), and analytics and insight tools (10%). In addition to software, they will invest nearly 10% more in IT hardware.

According to experts, the pandemic has accelerated the adoption of technology in a business environment by an average of three years.

Increased productivity with remote working

Virgin thinks that both decision-makers and personnel agree that embracing cultural change is critical for long-term success.

The majority of CEOs (63 percent) anticipate technological changes will have a major influence on their company in the next two years, with many expecting it to be advantageous.

However, the majority of workers (73%) are not sure whether or how their jobs would change if more people work remotely. Meanwhile, more than a third of employees (36%) feel more productive working remotely, and 7% feel less so.

When it comes to feeling in control, trusted, and empowered, the results are virtually identical.

The report’s authors also claim that developing technologies that make hybrid working and digital innovation easier could add up to $103.59 billion to the UK economy within four years.

The government has taken to technology investment more quickly than the private sector, with 78% of decision-makers in the public sector reporting that they accelerated their adoption, compared to the UK average of 68 percent.