Despite the fact that Britain is the world leader in e-commerce and sits in fifth place for availability of technology, it ranks a disappointing 14th for companies adopting digital technology. The CBI and global consulting firm IBM clarify that research indicates that only 55% of companies were adopting cutting edge tech, whilst 45% lag behind. Furthermore, research from Barclays has found that companies are investing an average of £109 per year on digital skills training for each employee, yet 43% of employers still have trouble implementing initiatives to upskill their employees.
The research also highlighted produced some interesting findings which uncovered that there is a perceived advantage of youth when it comes to digital skills. Following this, 45% of employers added that older employees were slower to pick up new tech skills and 59% of those employees claimed that they were concerned about being replaced by younger, more digitally advanced employees.
Also, 27% of bosses added that data security was an issue and was found to be a highly regarded skill in employees. Security of data is becoming a major business risk issue and it is vital that business owners are aware of the risks and what can be done to manage them.
Despite the research, only 19% of businesses surveyed intend to increase their investment in new technology and training over the next five years. In response to this, the CBI has urged firms to appoint a chief digital or technology officer to the senior executive team to promote enhanced awareness, investment and training.
For more information on what procedures can be put in place to digitally protect your business date, please get in touch with our Technologies team on 01254 679131 or email Colin Emmett (firstname.lastname@example.org).