Hybrid working generates significant technological investments
Business technology spending is on the rise as executives look to make the most of hybrid working opportunities, according to new executive research from the International Workplace Group. According to the managers interviewed, flexible working and the hybrid work model are one of the most important elements that determine the future of companies.
A survey conducted by the International Workplace Group (IWG) surveyed more than 500 CEOs and found that 95% of executives have invested in new technology in the past year to improve the hybrid workplace experience and increase company efficiency*. This technological investment played an important role in the companies’ adaptation to the changed work environment. Almost half of the respondents (43%) said this was the biggest investment in the last 12 months.
New research from the IWG also indicates that technology investment will not slow down in the near future. 87% of CEOs surveyed plan to continue investing in new technologies to further improve the hybrid workplace experience. These devices and systems not only increase the efficiency of work, but also make it possible to avoid long, time-consuming commutes, which at the same time helps to create a better balance between work and private life.
According to CEOs, this technological development will also contribute to improving the health of employees, as they will have to spend less stress and time commuting, which will positively affect their quality of life in the long run. The IWG’s research therefore clearly highlights that the support of hybrid working will remain a key part of companies’ strategies, and technological investments will play a central role in this process.
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