Businesses have had to adapt to a host of new technologies in recent years, with innovations such as cloud computing and the bring your own device trend resulting in significant changes to how employees work.
As hardware and software evolves for businesses across the world, it is important that managers are knowledgeable about the latest trends and that they introduce technology that will boost productivity and increase growth.
As IT becomes increasingly important for businesses, now could be the right time to reap the benefits of upgrading hardware and software.
The recent WannaCry ransomware attacks that hit organisations around the world also highlight the importance of keeping systems up to date and secure. If there is a chance that your company’s data might be at risk, you need to ensure that you have the best systems possible.
So just how important is digital transformation?
More businesses are making IT-related changes a business priority
The rapid pace of technology means businesses are regularly assessing their technological needs. A study from Gartner found that IT-related changes are the second most important priority (31 per cent) for employers, with growth (58 per cent) taking the top spot.
Mark Raskino, vice president and Gartner fellow, said: “IT-related priorities, cited by 31 per cent of CEOs, have never been this high in the history of the CEO survey.
“Almost twice as many CEOs are intent on building up in-house technology and digital capabilities as those plan on outsourcing it (57 per cent and 29 per cent, respectively).”
The figures show that more employers are addressing their IT capabilities in order to improve results, meaning companies will need to do the same to keep up with their competition.
The digital economy is growing rapidly
Digital jobs continue to be highly sought-after and productive for the economy, with research from Tech Nation showing that the growth rate of these jobs was more than double that of non-digital roles between 2011 and 2015.
As these positions require strong skills and high pay, they have a highly beneficial effect on the economy and continue to be in high demand. By creating new digital roles for your business, you could recruit some of the country’s leading professionals and therefore see significant growth.
The study from Tech Nation also found that the gross value added by digital workers is twice as much as those outside of the sector, highlighting the potential productivity gains available by recruiting specialists in the field.
Millennials are attracted to firms with better technology
The NextGen study from PwC found that the integration of technology in the workplace is viewed as crucial for millennials, as they want the best tools available for their work.
What’s more, males (15 per cent) and females (21 per cent) said they would give up some of their pay and slow their speed of promotion in order to work fewer hours. Policies that promote a better work/life balance are likely to be popular with the demographic, and these include introducing more efficient technology that allows workers to achieve more in a shorter amount of time.
If companies have out-of-date computer systems or more traditional ways of working, it could damage their chances when trying to recruit skilled employees in the field and restrict growth.
Customers benefit greatly from better technology
By introducing newer technologies and boosting productivity, customers are sure to receive a higher standard of service than ever before.
This is particularly the case when it comes to data. If information is being stored using outdated programmes and processes, the likelihood of it being lost or compromised is much higher than if modern technology is in place.
As well as this, processes are sure to run more smoothly if the latest technology is used, increasing the potential for positive feedback and customer loyalty.
Posted by Jon Aspinell on 18th May 2017
IT Support Analyst - central London -...
City of London, London
£27000 - £30000 per annum
IT Support Analyst (1st, 2nd and 3rd line) - Central London - up to £30,000 plus benefits An exciting opportunity for...
IT Support and Network Engineer - Cit...
City of London, London
£28000 - £30000 per annum
IT Support and Network Engineer - City of London £30,000 plus 10% pension, 25 days holiday and other great benefits A...
IT Support Analyst - Isle of Sheppey,...
£19000 - £21000 per annum
IT Support Analyst (1st & 2nd line) - Isle of Sheppey - up to £21,000 plus benefits Great opportunity for a bright in...
HR Analyst - NW London, £150/day - 1 ...
Up to £150 per day
HR Analyst/ Excel Specialist - NW London, £150/day, 1-2 month contract. An international business group are looking f...
Programme Manager (Apprenticeships)
City of London, London
£40000 - £50000 per annum
Programme Manager - Canary Wharf, London - £50,000 A new and exciting opportunity has become available for an enthusi...
Sales Administrator - Preston - £20,000
£19000 - £20000 per annum
Sales Administrator - Preston, Lancashire - up to £20,000 plus bonus + benefits An excellent opportunity has arisen f...
How can you ensure cohesive communication with a team of remote workers?
Remote working is becoming increasingly adopted by organisations across the globe - whether that takes the form of an...
Can HR tech ease workplace conflict?
Workplace conflict is mostly unavoidable - particularly when businesses hire strong-minded talent with big ideas. Ego...
What to prioritise in your employee experience
The candidate experience has long been valued by employers looking to attract fresh talent. Now, however, companies a...
What can HR expect in 2018?
HR departments are set to face many new challenges in 2018, from the technological to the traditional. Among the most...
From communication to drive: The importance of soft skills
Soft skills are often difficult to quantify, yet they can become an absolute necessity for your business to reach its...
Only one in three workers say their employers offer training
Just one-third of workers report that their employer offers regular training opportunities, a new poll by the Trades ...