Companies must invest in efficient new ways of working to maintain economic momentum…
27-May-2015 – Revised statistics released by the ONS tomorrow are expected to see the UK’s GDP for Q1 2015 increase by 0.4 per cent, up from last month’s estimated 0.3 per cent. At the same time, business investment is predicted to increase for the 20th consecutive quarter, following on from Q4 2014’s growth of 3.7 per cent year-on-year.
Paul Statham, CEO of London-based technology company Condeco Software, a global leader in workspace utilisation solutions, comments: “Business confidence has a powerful impact on the economy, so it’s encouraging to see companies investing in new growth as they cast off the embattled mind-set of the financial crash.
“However, as businesses regain their momentum they must ensure their investment is focused on areas that will help them work smarter and more efficiently in order to maximise growth. Last year saw a record £67.7bn invested in ICT equipment by UK businesses, reflecting the growing role of technology in the workplace.
“As a technology company we are continuing to invest heavily in R&D to create new innovative solutions, but we have also witnessed unprecedented demand from some of the world’s largest organisations in all sectors seeking to make the concept of the connected, technology-driven “smart office” a reality.”
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