Automation – a Driving Force for Economic Growth

Automation has long been considered an important tool for organizations looking to improve efficiencies and lower costs. But a new study from the Centre for Economics and Business Research (Cebr) and SnapLogic – Automation: Past, Present, and Future – A Driving Force for Economic Growth’ uncovers a direct connection between the adoption of automation-related technologies and revenue growth, job creation, worker productivity, and economic resilience.

Key findings of the research include:

  • Automation Boosts Business Revenue: Within three months of investment, U.S. companies witnessed an average year-on-year increase in revenue of 7%, or an extra $195 billion per month, while UK companies saw an average increase of 5%, or £14 billion each month.
  • Automation Drives Job Growth: U.S. companies adopting automation technologies saw an average annual increase in employment of 7%, equating to 7.2 million jobs, within three months. UK companies saw an average increase of 4%, estimated to amount to 676,000 jobs in total. 
  • Automation Increases Worker Productivity: In the UK, automation has the potential to increase productivity by 15% in the long-term. This translates into the potential to create up to 3.3 million additional jobs. If the same increase in productivity occurred in the U.S., it would support the creation of approximately 16 million jobs.
  • Automation Adoption is Accelerating: The popularity of automation continues to accelerate in both the U.S. and UK. Companies in the U.S. spent an average of 13% of their annual revenue on automation-related technologies, while in the UK there was an average spend of 8%.

Download the study today.

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