In this report, Addleshaw Goddard uncovers the major trends in tech in Scotland today. We look at where the innovation is happening in real businesses, where the tensions are between public and private sector stakeholders, what challenges need clever thinking and how and where the opportunities are for sustainable growth.
ScotThish Tech Report 2020
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2-minute takeaway
The COVID pandemic significantly accelerated tech adoption by business.
This has sped up trends that were already in motion – possibly faster than our infrastructure and business models can handle.
Our wide frame of reference for what ‘tech’ is both limits and enables us to comprehend the opportunity technology offers.
Key themes
Technology in business: From functional
to strategic
Data: Security,
risk, compliance,
big data, analytics,
AI and predictive modelling
Infrastructure: Fibre, 5G and connectivity in Scotland
Resetting our frames of reference: From product to solution, social change and a new mindset
WE SPOKE TO BUSINESSES IN SCOTLAND AND FOUND:
of businesses said that the pandemic has encouraged them to adopt new technology to provide their goods and services
of large businesses said they had accelerated digital plans while 54% had introduced them
73%
81%
of small and medium sized businesses said they had accelerated digital plans while 34% had introduced them
66%
73%
81%
66%
Companies must realise business and operating models that have been sound for decades will have to transform or disappear.
Businesses still confuse I.T. – 'I'll fix the photocopier for you' – with technology – 'How can I turn my operating model upside down to drive efficiency, new ways of working, profit and sustainable growth?
People no longer buy products, they buy solutions. Business leaders need to get their heads around delivering agile hardware, algorithm-streaming access – all these services as a service.
% of firms
70
60
50
40
30
20
10
0
16
New types of goods or services
18
New methods of selling
31
New ways to provide services
34
Enhenced online presence
65
New methods of communication
Source +
Which new technologies has your business adopted or enhanced since the start of the pandemic?
Key themes
Technology in business
Data
Infrastructure
Resetting our frames
of reference
Moving from functional to strategic.
The new oil.
The key enabler.
Is it ready?
From product to solution.
Source - Fraser of Allander Institute
What does this massive swing towards tech mean for the economy and society?
Download the full report to find out:
Is there tension between public and private sector stakeholders?
Where are the opportunities for sustainable growth?
Where is the true innovation happening?
How can I harness data to drive efficiency?
© 2020 Addleshaw Goddard LLP. All rights reserved. This does not constitute legal advice. See our Legal Notices.
Find out what this means for your business. Talk to:
DAVID ANDERSON
+44 (0)131 222 9808
+44 (0)743 680 8144
Email David
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LYNSEY WALKER
+44 (0)131 222 9496
+44 (0)743 596 6273
View Lynsey's Profile
Email Lynsey
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Education for business leaders is critical – data is no use if you don’t know what to do with it.
16%
New types of goods or services
18%
New methods of selling
31%
New ways to provide services
34%
Enhanced online presence
65%
New methods of communication
of firms
of firms
of firms
of firms
of firms
Source +
+
Source
Email David
View David's profile
Email Lynsey
View Lynsey's Profile
Legal Notices
Download the Report
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Key questions the report covers