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Study finds automation adds £ 14 billion to monthly business revenue in UK
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 %.
napLogic , a provider
S of 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 , looks at the growing adoption of automation and its role in bolstering business revenues , creating jobs , increasing productivity and strengthening economic resilience .
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 %).
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 . The research was conducted by the Centre for Economics and Business Research ( Cebr ), in conjunction with SnapLogic .
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 .
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 .
Automation usage is increasing , supported by core technologies
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 £ 268 billion in total .
“ This 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 ,” said Gaurav Dhillon , CEO at SnapLogic .
“ Businesses 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 .”
For this study , Cebr surveyed 1,000 businesses in the US and UK about their automation strategies , initiatives and results . ◊
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