By 2040, if these investments are sustained, digital technology is expected to add £232 billion to the national economy – equivalent to 6.9% of the UK’s GDP.
Digital processes in the public sector will create efficiency gains and cost-savings of £75 billion, according to the report, while investments in digitising health and social care, as well as the justice, central, and local government sectors could add £33 billion and £32 billion to the UK economy, respectively.
Cebr also found that digital investment in private sectors such as retail, professional services, and construction, could be worth an additional £40 billion by 2040, with other parts of the economy also predicted to experience similar gains.
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