Report: Companies that have invested in automation have seen their revenues increase by 5% to 7%
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New research from SnapLogic and Cebr found that the UK could have prevented Â£ 10 to 14 billion (US $ 13.4 to 18.8 million) from its related gross domestic product (GDP) contraction to the pandemic if it had matched the level of automation in the United States. the United States could have witnessed a lower GDP contraction of $ 105 billion to $ 212 billion had it been as automated as Singapore.
The continued adoption of automation in the US and UK has helped companies position themselves for growth, while also having the added benefit of improving resilience in the face of economic disruption. In the three months following the investment, U.S. businesses experienced an average annual increase in revenue of 7%, or an additional $ 195 billion per month, and an average annual increase in employment of 7%, which equates to to a total of 7.2 million. works.
As investments in automation increase, certain technologies are leading the way. Research reveals that 78% of US companies have directed their investments towards cloud computing and 71% have focused on data integration. The Internet of Things (IoT) and big data analytics were the second most popular technologies in the United States, with adoption rates of 64% and 62%, respectively.
Although automation is widely seen as a way to cut costs, US companies that have automated have done so to increase the speed and agility of their business (52%), while improving the productivity of their employees. (47%). Automation has helped companies achieve these goals, with the potential to increase productivity by 15% in the long run, which translates into an estimated 16 million jobs in the United States, according to the study.
Independent consulting firm Cebr surveyed 1,000 companies in the US and UK about their automation strategies, initiatives and results to develop this study.
Read the full report from SnapLogic and Cebr.
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