A new study has revealed that nine out of ten employees fear their businesses will be under threat over the next five years due to new technology trends.
The Beyond Digital report, launched by digital experience consultancy Infomentum, found that a staggering 91% of employees don’t see their businesses staying competitive in the next five years, with 50% stating that firms will have to invest in new technology if they wish to keep up.
However, there’s a feeling of unease regarding firms that are just ‘jumping on the bandwagon’ and not taking a strategic look into whether or not new technology would help them achieve wider business goals.
The report also highlights the need for UK workforces to commence preparation for the substantial changes over the next five years, as a large proportion of manual jobs will come to replace them, with 61% of employees expecting their professions to be increasingly automated by 2020.
Commenting on the findings, chief commercial officer at Infomentum, Vikram Setia, said: “As we move towards 2020, this constant change is no longer something that businesses must prepare for, but rather a reality that all organisations must embrace. Businesses, employees and even governments will all be affected.
“Attempting to fight against this torrent of change is to try and fight the future itself. Improvements in technology, automation and efficiency are coming, the only thing we as businesses can do is embrace this fact and attempt to lead the change.”