New research released by Ricoh Europe reveals that digital transformation could increase EU and UK GDP by 3.4% over the next five years – equivalent to €622 billion of growth.
- Companies that implemented software for manual task automation boosted productivity by 14% last year.
- Over three quarters of business leaders are reducing ‘tedious tasks’ as part of digital transformation strategies.
- European businesses could unlock €622 billion growth with digital transformation.
The research, conducted by Opinium and analysed by CEBR on behalf of Ricoh Europe, polled 1,000 workers and 250 decision makers across the UK and Ireland. It finds that business leaders recognise the drain of time-intensive processes on their workforce, with 80% making the automation of tedious tasks a core part of their digital transformation strategy.
With the average British and Irish worker currently spending 28% 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.
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European businesses 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 while also making staff more satisfied with their jobs and likely to stay with the company for longer.
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