Security News > 2021 > November > Automation investments are driving revenue, productivity and employment

The research finds that investments in automation are directly linked to increased business revenues, job growth, and long-term productivity.

Automation investments boost revenue and economic resilience.

The UK could have prevented £10-14 billion of its 2020 GDP contraction if it had matched the automation level of a country like the U.S. Meanwhile, the U.S. could have witnessed a $105-212 billion smaller GDP contraction had it entered the pandemic with the degree of automation similar to a country like Singapore.

Improved productivity - In the UK, automation has the potential to increase productivity by 15% in the long-term, with notable benefits in industries such as transportation, healthcare, and social work.

Internet of Things - IoT was rated the third most adopted automation technology, with 64% of firms in the U.S and 40% in the UK looking to expand their IoT projects to power automation.

Increase worker productivity - The idea that automation can help lift worker productivity was the next highest adoption driver in the U.S., identified by 47% of the companies in the country and 35% of those in the UK. Reduce costs - 38% of U.S. companies and 37% of those in the UK invested in automation to reduce business costs.

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https://www.helpnetsecurity.com/2021/11/26/investments-automation/