Magazine Button
European businesses could unlock €622 billion growth with Digital Transformation

European businesses could unlock €622 billion growth with Digital Transformation

Digital TransformationFranceGermanyItalyNetherlandsSpainTop StoriesUnited Kingdom

Research released by Ricoh Europe has revealed that Digital Transformation could increase EU and UK GDP by 3.4% over the next five years – equivalent to €622 billion of growth.

The research, conducted by Opinium and analysed by CEBR on behalf of Ricoh Europe, polled 6,000 workers and 1,500 decision-makers across the UK, Ireland, France, Germany, Italy, the Netherlands and Spain. It found that business leaders recognise the drain of time-intensive processes on their workforce, with 76% making the automation of tedious tasks a core part of their Digital Transformation strategy.

But with the average worker currently spending almost a third (30%) of their day on administrative tasks, businesses must accelerate their plans if they are to facilitate these productivity gains and the employee engagement needed to trigger sustained growth.

Employees are clearly craving the right workplace technology to help them streamline activities and dedicate more time to fulfilling work. The majority (64%) think they would bring more value to their company if they had access to the right technology, with 78% of these welcoming automation tools as a means of reducing tedious tasks.

Those that implemented automation software in the last financial year experienced an average productivity increase of 14%. This marks a vital gain for businesses looking to remain competitive in markets that are subject to increasing turmoil.

The research also shows that a greater investment in the tools and systems employees are seeking can increase morale and reduce turnover.

Click below to share this article

Browse our latest issue

Intelligent CIO Europe

View Magazine Archive