According to the Federation of Small Businesses, across 6 million businesses, SMEs in the UK represent 99.9% of the country’s business community. The category also accounts for 61% of the country’s employment, and 50% of its business turnover. With almost 17 million people and £2.3 trillion turnover, the SME sector is the engine room of the UK economy.
Room for improvement
Yet while the sector is undoubtedly powerful and a driving force of the UK economy, it does not compare well to other European or US sectors when measured for productivity. The fact is that when measured by the key statistic of the amount of work produced per working hour, the UK’s SME sector underperforms.
During 2020, almost every business has had to make changes and adjustments to its way of working. Whether adjusting to working from home, increasing innovation of products and services, or changing the way key business functions are carried out, the coronavirus crisis has acted as a catalyst for change in the way that many companies use technology.
In many cases, the results have been positive, and productivity has increased.
Transformation through technology
Through the pandemic, the most successful SMEs have identified that changing nothing and freezing all investment is not a viable solution. With no end in sight to the crisis, simply battening down the hatches and attempting to ride it out is unlikely to yield positive results. Unfortunately, those businesses that fail to move with the times risk being left behind.
The key to managing the crisis is to focus on productivity. According to the Oxford English Dictionary, productivity is “the effectiveness of productive effort, especially in industry, as measured in terms of the rate of output per unit of input”.
In other words, it is working more efficiently and flexibly.
Recognising this is one thing; but recognising how it applies to your business or IT department, and taking positive action to address it is another.
In a survey of 501 IT decision makers in 2020, Brother have published the results with the aim of sharing some of the innovative and strategic thinking that is taking place in boardrooms up and down the UK.
The survey focuses on productivity, and how the most successful firms are investing in IT as a means to increase it. Whether refreshing legacy infrastructure, moving to cloud-based applications and technologies, providing users with the modern collaboration tools they need, or in more efficient hardware such as printers and scanners, the need to invest for productivity is real.
Brother – designed for productivity
Legacy printers can be one of the biggest time constraints and administrative burdens for SME employees. From trying to print from slower machines to the time spent on ordering supplies and carrying out maintenance, ageing printers really can be a burden to productivity.
Read more about how you can boost productivity your organisation in Brother’s Guide to Improving Your Print Productivity.
Find out more
Give us a call on 01274 396 213 to find out how Complete IT Systems and Brother can help your business. Alternatively have a look at our main Brother information page here.