{"id":60385,"date":"2021-11-24T14:16:07","date_gmt":"2021-11-24T14:16:07","guid":{"rendered":"https:\/\/www.intelligentcio.com\/eu\/?p=60385"},"modified":"2021-11-24T14:16:23","modified_gmt":"2021-11-24T14:16:23","slug":"study-finds-automation-adds-14-billion-to-monthly-business-revenue-in-uk","status":"publish","type":"post","link":"https:\/\/www.intelligentcio.com\/eu\/2021\/11\/24\/study-finds-automation-adds-14-billion-to-monthly-business-revenue-in-uk\/","title":{"rendered":"Study finds automation adds \u00a314 billion to monthly business revenue in UK"},"content":{"rendered":"\n

According to research from the Centre for Economics and Business Research and SnapLogic, the impact of automation has had a positive effect on enterprises across the UK and US. It has resulted in revenues up 5-7%, employment up 4-7% and long-term productivity up 15%.<\/em><\/strong><\/p>\n\n\n\n

SnapLogic, provider of a leading intelligent integration platforms, has released research into the economic impact of automation. The study, Automation: Past, Present, and Future – A Driving Force for Economic Growth<\/em>, looks at the growing adoption of automation and its role in bolstering business revenues, creating jobs, increasing productivity and strengthening economic resilience.<\/p>\n\n\n\n

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The research finds that investments in automation are directly linked to increased business revenues (up 5-7%), job growth (up 4-7%) and long-term productivity (up 15%).<\/em> Spurred on by the pandemic, the adoption of automation is accelerating, with companies in the US and UK spending 8-13% of their annual revenues on automation-related technologies.<\/p>\n\n\n\n

The research was conducted by the Centre for Economics and Business Research (Cebr), in conjunction with SnapLogic.<\/p>\n\n\n\n

The research reveals that those businesses which invested in automation saw a marked increase in revenues. In addition, the research indicates that the more a country employs automation, the better equipped it is to deal with worldwide economic disruptions, such as a recession or the recent COVID-19 pandemic.<\/p>\n\n\n\n

The report showcases a relationship between automation, job growth, and worker productivity. Despite some claims that automation can limit opportunities for employees, the results tell a different story; one which sees an increase in employment growth and improved productivity, with the potential to increase it in the long-term by 15% in the UK.<\/p>\n\n\n\n

Automation usage is increasing, supported by core technologies<\/strong><\/p>\n\n\n\n

The popularity of automation continues to accelerate in both the US and UK. According to the report, US companies spent an average of 13% of their annual revenue (amounting to US$4.4 trillion) on automation-related technologies, while in the UK there was an average spend of 8%, or \u00a3268 billion in total.<\/p>\n\n\n\n

\u201cThis first of its kind report from Cebr demonstrates the power of automation to help businesses navigate widespread disruption, and shows how it can be used as a tool to accelerate growth in a post-pandemic age,\u201d said Gaurav Dhillon, CEO at SnapLogic. \u201cBusinesses today need to equip themselves with enterprise automation technologies that will allow them to quickly adapt and execute business strategies in a rapidly changing world.\u201d<\/p>\n\n\n\n

For this study, Cebr surveyed 1,000 businesses in the US and UK about their automation strategies, initiatives and results.<\/p>\n","protected":false},"excerpt":{"rendered":"

According to research from the Centre for Economics and Business Research and SnapLogic, the impact of automation has had a positive effect on enterprises across the UK and US. It has resulted in revenues up 5-7%, employment up 4-7% and long-term productivity up 15%. SnapLogic, provider of a leading intelligent integration platforms, has released research […]<\/p>\n","protected":false},"author":21,"featured_media":60387,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[171,6617,93],"tags":[4415,6852,15584,7465,9350],"class_list":["post-60385","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-infographics","category-research","category-top-stories","tag-automation-technology","tag-research","tag-snaplogic","tag-united-kingdom","tag-united-states"],"acf":[],"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"_links":{"self":[{"href":"https:\/\/www.intelligentcio.com\/eu\/wp-json\/wp\/v2\/posts\/60385","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.intelligentcio.com\/eu\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.intelligentcio.com\/eu\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.intelligentcio.com\/eu\/wp-json\/wp\/v2\/users\/21"}],"replies":[{"embeddable":true,"href":"https:\/\/www.intelligentcio.com\/eu\/wp-json\/wp\/v2\/comments?post=60385"}],"version-history":[{"count":3,"href":"https:\/\/www.intelligentcio.com\/eu\/wp-json\/wp\/v2\/posts\/60385\/revisions"}],"predecessor-version":[{"id":60390,"href":"https:\/\/www.intelligentcio.com\/eu\/wp-json\/wp\/v2\/posts\/60385\/revisions\/60390"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.intelligentcio.com\/eu\/wp-json\/wp\/v2\/media\/60387"}],"wp:attachment":[{"href":"https:\/\/www.intelligentcio.com\/eu\/wp-json\/wp\/v2\/media?parent=60385"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.intelligentcio.com\/eu\/wp-json\/wp\/v2\/categories?post=60385"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.intelligentcio.com\/eu\/wp-json\/wp\/v2\/tags?post=60385"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}