07 April 2022

Many UK businesses are in danger of suffering stunted growth due to a lack of investment in core IT connectivity systems, according to a new report. Internet access and business connectivity provider Neos Networks found that four in every five UK firms are unable to scale plans to their fullest potential with current connectivity arrangements. Just 20% of UK businesses state they are currently able to undertake digital transformation plans.

This comes as 84% of enterprises state their digital transformation plans have accelerated due to Covid-19. For almost half (49%) of the firms surveyed, these plans have been accelerated by a year or more. Neos gathered results from 247 medium-to-large UK organisations and data, cloud and network infrastructure service providers.