UK economy losing 30bn pounds due to connectivity deficit

2014-02-21 09:17:33

Published on 2014-02-21 09:17:33

Modern printers can allow companies to enjoy a higher level of flexibility, as well as lower production costs and more productivity, thanks to their connectivity support.


However, new figures suggest that not all businesses in the UK are embracing the latest technology to better connect their firm.


The study, conducted on behalf of O2 and the CEBR (Centre for Economic and Business Research), found that £30 billion is lost every year because of a “connectivity deficit”. This is affecting everyone from big businesses to the UK's public sector, according to the research, and highlights the cost of this inefficiency. For the UK’s big businesses output was five per cent lower per hour in the last quarter of 2013, compared to before the financial crash of 2008.


Ben Dowd, business director at O2, said: “The staggering cost of long-term inefficiencies in larger British businesses laid bare in our report is a wake-up call for employers.” He added: “Even small improvements will help businesses grow and in turn provide more jobs and increased wages, as well as improve the lives for their hard-working employees.”


Posted by Barry Ashmore.

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