New research has found that almost 50% of UK SMBs are investing in more IT infrastructure to drive growth – despite the recession.
The research from Virgin Media O2 Business showed that with staff spending only 25% of time working in offices, it’s essential to invest in the right technologies to foster collaboration and smarter working.
The biggest driver of growth
In the survey, 65% of respondents named technology as the biggest driver of growth in their organisations. In a poll across 1,000 British business leaders of SMBs with up to 249 employees, well-deployed technology was found to boost staff morale, collaboration effectiveness, and productivity. In the same way that technology powered the path through the pandemic, it can now be harnessed to drive a pathway through a potentially difficult financial period.
Although the likes of Elon Musk are not huge adopters of remote or hybrid work, the trend appears to be sticking in the UK overall. As many organisations put permanent hybrid working procedures into place, over 85% of those polled had noticed productivity gains from staff that were provided with new collaboration tools. Other key stats:
28% of respondents cited increased efficiency as the biggest ROI on technology investments
23% cited increased collaboration
Almost 50% recognised the need for improved IT support to be able to deliver on growth targets
24% cited security as the top challenges facing their business