Research Highlights Impact of Automation on Business Revenues

Recent research from the Centre for Economics and Business Research (CEBR), in collaboration with SnapLogic, reveals that automation significantly affects monthly revenues in UK businesses. Within just three months of investing in automation technologies, businesses in the UK experienced an average revenue boost of five percent, translating to approximately £14 billion per month. Meanwhile, US companies enjoyed an even more substantial increase, with a seven percent year-on-year rise in revenue—representing an additional $195 billion monthly.

The benefits of automation have proven crucial during the COVID-19 pandemic, as businesses that invested more in these technologies showed greater resilience. The report indicates that had the US implemented automation at levels comparable to Singapore before the pandemic, its GDP contraction could have lessened by $105-212 billion. Similarly, the UK could have mitigated its 2020 GDP decline by about £10-14 billion by matching US automation levels.

Josie Dent, Managing Economist at CEBR, emphasized, “Our new research confirms a significant positive relationship between automation and economic resilience.” The study suggests that rather than eliminating jobs, automation is fostering employment growth. In the US, businesses reported an average annual job increase of seven percent—equivalent to 7.2 million new roles—within three months of adopting automation technologies. Likewise, UK firms created about 676,000 additional jobs during the same period, reflecting a four percent rise.

Long-term projections estimate that automation could enhance productivity in the UK by 15 percent, particularly benefiting industries such as healthcare, social work, and transportation. Dent noted, “Automation has also led to job creation and greater worker productivity, contrasting sharply with the economic landscape following the global financial crisis.”

The pandemic has encouraged an unprecedented number of businesses to invest in automation technologies. In the US, companies allocated approximately 13 percent of their annual revenue—totaling $4.4 trillion—toward automation-related initiatives, while UK businesses spent around eight percent, or £268 billion in total.

Gaurav Dhillon, CEO of SnapLogic, commented, “This first-of-its-kind report from CEBR demonstrates the power of automation to help businesses navigate widespread disruption, and illustrates how it can be utilized as a tool to accelerate growth in a post-pandemic environment.” He urged companies to adopt enterprise automation technologies that facilitate rapid adaptation and strategy execution in an ever-evolving market landscape.

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