Lloyds Bank has released the fourth annual edition of its UK Business Digital Index for 2017, revealing that over half of charities, and 41% of business in Britain lack essential digital skills. The report highlights the benefits for organisations that are equipped with good digital skills, including increased turnover and saved time for businesses, and increased donations for charities.
The Index, which uses Lloyds’ own Basic Digital Skills measure, looks at digital skills in five key areas: ‘managing information, transacting, communicating online, and using digital to problem solve and create content like adverts and promotional material’. According to the findings, 1.6 million businesses and 100,000 charities lack one or more of these skills areas. This is despite the potential benefits of digital competence, which the report lists as increased turnover, potentially saving a day a week through using technology effectively, and driving higher donations for digitally skilled charities.
More information can be found on the website of Lloyds Banking Group.