The coronavirus pandemic has accelerated the rate of digital transformation taking place within UK businesses, new research from Studio Graphene has found. The survey involving over 500 senior decision-makers within UK businesses has revealed the impact the coronavirus pandemic has had on business innovation.
Since the start of the lockdown in March 2020, 50% of businesses have adopted new tech solutions that they were previously hesitant or reluctant to use. Almost two-thirds (64%) said the pandemic has encouraged their business to explore and deploy digital solutions much faster than they would have otherwise.
The survey found that 47% have successfully migrated their offering from in-person to online; 39% have invested in a new area of technology that they had never used before; and 22% have launched a new app.
Almost half (48%) of decision-makers said the pandemic has exposed how outdated their business was in the use of technology, with 45% admitting that their risk-averse company culture has typically made it difficult to innovate and embrace new ideas.