UK economy 'loses £30bn a year' over connectivity issues

The Boardroom

by CBR Staff Writer| 14 February 2014

Remote access to business systems could save each employee up to 127 hours per year in travel.

The 'connectivity deficit' in the UK's major businesses and public sector organisations is costing the nation's economy £30bn every year, a new report added.

According to the latest study by O2 and the Centre for Economic and Business Research, offering employees remote access to business systems could save each employee up to 127 hours per year in travel.

The move would also enable staff to make their yearly working hours more productive, offering them with improved access to the required information anywhere.

Analysts anticipate the rise in connectivity by large organisations would make over two million hours more productive every year, the Telegraph noted.

O2 business director Ben Dowd said too many pay lip service to technology.

"But the reality is that our businesses and public sector organisations are yet to get the best that technology has to bring," Dowd said.

"Every employer should try to understand their own connectivity deficit.

"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."

About 80% of the surveyed employees disclosed that they do not have remote access to essential business systems including apps and instant messaging tools, despite several organisations supporting the advantages of smart, connected technology.

UK minister for culture, communications and creative industries, Ed Vaizey, said that the government's investment in connectivity across the country is providing opportunities for a more flexible and efficient business environment.

"A better connected Britain is essential for driving growth and boosting local economies, ultimately helping us to win in the global race," Vaizey said.

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