Three Years of Progress
How Covid-driven digital
change is transforming the way
we work and live for the better
Imagine a United Kingdom where millions more people have a chance to earn a living. Where we have more time to look after ourselves and the ones we love. Where we can make planet Earth a little greener just by changing the way we work.
Our latest report with the Centre for Economics and Business Research shows we no longer have to imagine these things.
The pandemic accelerated digital progress by three years.
And if that pace continues?
Covid-driven digital change could add £236 billion to UK GDP by 2040, bringing huge benefits to everyone who lives and works here in the process.
Three areas of technology investment will create the bulk of this positive change:
- 1. Enabling new ways of working
- 2. Providing more digital services
- 3. Making better use of data
- Want to know how? And what it means for you?
Hybrid working helped us reimagine what was possible
Employees now expect to work at least half their week remotely.
But how have new ways of working helped employers?
increase in employee productivity
increase in employee satisfaction
increase in customer satisfaction
And there are wider societal benefits too.
Hybrid working could open the door for 3.8 million more people to enter the workforce. People who would otherwise have been locked out, like parents, carers and those with disabilities.
The NHS could save £4.1 billion a year as people have more time to care for each other and focus on their own health too.
And regional economies could get a £33.3 billion boost as people get the chance, for the first time ever, to live and work wherever they want.
So how do we make this happen?
For a happy, effective hybrid workforce you need to achieve three things:
your organisation so it’s always on and always ready for change
your sensitive data wherever your employees happen to be
your people to do their job in a way that works for everyone
More from the Centre for Economics and Business Research
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