Slow Tech Adoption Leading to Low Productivity in the UK
The Confederation of British Industry (CBI) has called upon businesses to adopt more “tested” technologies and says government should highlight the need for tech adoption in the UK.
The CBI entitled “From Ostrich to Magpie” highlights the need for UK businesses to adopt existing technologies to bridge the country’s productivity and pay gap.
The report said: “Low take-up of readily available technologies and management best practices is driving the UK’s productivity problem.
“While the UK’s best performing firms are highly innovative, best practice must reach a greater range of businesses, improving productivity through the adoption of technologies and ideas that are proven.”
The report said the UK needed more “magpies” who have the skill and will find and adopt readily available technologies and best practices.
CBI director general, Carolyn Fairbairn, said businesses taking up technologies at different rates leads to variation in wages, opportunities, and living standards for people across the UK.
She said: “We are being very deliberate in drawing the link between what we see as low uptake of technology, and productivity and living standards. The eyes of the business world can often be on the next exciting big thing, the cutting-edge technology – and of course, it does offer huge potential – but too many are missing out on what’s right under their nose.”
At the CBI annual conference last week, prime minster Theresa May challenged industries to invest in more research and development to ensure the country is at the forefront of new technological developments.Return to internet news headlines
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