Survey Reveals that British Companies are Falling Behind With Technology

Article adapted from https://www.freshbusinessthinking.com/british-companies-falling-behind-on-tech/

A new study from global technology firm Epson has highlighted that a third of British business are behind the times in regards to their new technology needs.

After surveying 3,600 European IT buyers across a range of sectors, it was revealed that 20% of those in the UK admitted to not actively keeping up-to-date with new technology. 41% claimed they are aware of the technology needs of their organisation, but do not actively address them. A further 15% confessed they are not aware of their organisation’s needs.

Those surveyed indicated that implementation of new technology in the workplace is generally triggered by employee feedback and strategic decisions. The implementation of technology in the workplace is an important contributor to corporate success; an Epson survey from 2014 found that 85% of European businesses agreed that new technology provides a competitive advantage and that working with more efficient technology can account for 21% increased employee productivity.

As information technologies continue to evolve and further improve workplace efficiency, investment decisions will have more of an impact on company growth and profitability; and that’s without taking into account the satisfaction levels of key talent who will have higher expectations in terms of digital resources. Seventy-six per cent of employees today believe that the technology used in their workplace is not efficient, as previous European-wide research from Epson Europe shows.

Paul Steels, Vice President, Epson Europe, said: “The survey results show that companies need to respond better to today’s business needs and employee expectations – especially now with Generation Y moving into leadership roles and Generation Z entering the workforce. Keeping pace with new technologies so that workers are not left with outdated equipment needs to be a priority in the era of business digitisation. Of course, budget pressures play a role in IT buyer’s decisions, so switching to products that are cost-effective while addressing the issues of today’s workforce is crucial.”