Technology Is Key To Future Success, Despite Setbacks In Pandemic

Much has been made of how the pandemic accelerated organizations' moves to make themselves more digital. However, a recent study indicates that — while many businesses were perhaps surprisingly successful in "pivoting" to a new way of working — that was not always the case. Research from Studio Graphene, a designer and builder of digital products, found that just over half of businesses had successfully adopted one or more new technologies, but that 30% had scrapped unsuccessful technology projects that had been launched since the start of the pandemic. Moreover, 28% of the 750 U.K. business leaders interviewed said their businesses lacked the skills needed to adopt new technology successfully and 29% admitted to struggling to keep pace with technological developments.