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Want to improve your productivity? Invest in intangibles
Higher productivity leads to economic growth. As such, it is high on both industry and the UK Government’s agenda. But what should organisations be investing in if they want to boost productivity? Although it may be tempting to think that investing in physical capital will boost productivity, the Organisation for National Statistics (ONS) industry data shows that investing in intangibles such as employee training, R&D and software, can deliver real impact.