UK businesses must do more to improve their productivity
Low uptake of tried and tested technologies is an important facet of the productivity puzzle that can, and must, be tackled. UK business technology adoption levels are close to the EU average but far behind the front runners, lagging nearly a decade behind the Danes.
Better adoption of existing technologies could help businesses streamline day-to-day functions and create more time to concentrate on what’s core: whether that’s developing new products and services, or providing exceptional customer service. Getting this right would deliver a £100bn increase to UK GVA and could help save many of the 120 days’ worth of time per year every business spends on administration.
To achieve this, our report From Ostrich to Magpie argues that more businesses need to start behaving like magpies. They need to follow what successful firms already do, finding and adopting readily available technologies that will lift their productivity.
On one hand, Brexit acts as an im
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