• Future investment in audio technology reflects critical role in business performance

        • Audio quality has become a new priority for global businesses, according to new research published by EPOS. The audio brand’s latest report, ‘Quality Audio: A Sound Investment’ shares insights from 2,000 decision-makers across 7 global markets and sectors including IT, Finance, Business Services, Healthcare and Media. 

          The report found that 83 per cent of global business leaders say that audio equipment has become more important compared with two years ago. They now see audio as key to maintaining client, employee, and partner communication, and this has been exponentially increased as workforces continue to work remotely. Within this shift in prioritisation, sound quality has emerged as a non-negotiable enabler of business continuity, client and partnership management and internal communications. 

          Of the global decision-makers surveyed, 56 per cent say that high-quality audio equipment is essential to their business, and a further 34 per cent think it is desirable. 66 per cent of those working in Healthcare and 64 per cent in IT and Digital sectors say that high-quality audio equipment is indispensable to their performance. Meanwhile, 42 per cent of decision-makers globally (and over half in APAC and Germany - 51%) have observed an increase in the importance of audio technology to their business, in helping to maintain client relationships. 

          In fact, audio quality is becoming so important that 78 per cent of global decision-makers are willing to pay extra for it – this is especially true for those in the Sales and Marketing industries (56%) where audio quality is viewed as integral to maintaining client and partner communication, thus becoming inextricably linked with overall business performance. 

          While some might lag in the journey to fully realising the benefits of effective collaboration and quality audio in day-to-day working life, EPOS has found that larger organisations (more than 1,000 employees) are a step ahead. The more employees an organisation has, the more frequently money will be spent on new audio equipment, showing that even where significant spend is needed to equip thousands of individuals with the right audio technology, the business recognises the value of an investment in audio. 

          EPOS also found that spend on audio is already earmarked for greater investment. EPOS has found that the majority (57%) of business leaders expect investments in audio equipment to increase over the next two years, and organisations based in APAC, UK, US and Germany are set to take the lead with planned increases in spending. When it comes to the highest spending sectors for future audio investment, Telecoms and Utilities lead the way (73%) followed by Hospitality (68%) Finance (68%) and IT/ Digital (67%). 

          The current health landscape has accelerated the speed of response needed for organisations to avoid impact on business operations, and a surge in virtual meetings and calls replacing face-to-face interaction has been central to that. However, business leaders must also look beyond the pandemic toward future securing talent as Generation Z enters the workforce - remote or otherwise. 

          Generation Z’s representation in the global workforce is set to pass 1 billion by 2030, and with 29 per cent of our respondents already citing younger employees needs as a key factor in the increasing importance of audio, organisations today need to understand this demographic’s motivations and ways of working. Organisations that can offer flexible experiences and well-connected technology solutions will find themselves positioned to attract and retain top talent. 

          Jeppe Dalberg-Larsen, President at EPOS said, “younger users do have a greater awareness of communication endpoints. It is a good idea to involve your employees by providing them with the right tools that fit their way of working, acknowledging that everyone has different needs and there will be a different solution them. Getting the right audio equipment for the individual user and task is key to getting better results from your employees. Business leaders need to respond in line with this by harnessing new technologies to empower their workforces today, and importantly, to attract and retain future talent still to come.

          “In our latest research, half [49%] of the business leaders we surveyed said that an increase in hybrid working has elevated the importance of audio equipment and technology for their business. These decision-makers are beginning to understand that a one size fits all approach will not cut it. They need to map out how they see their organisation working and the different communication endpoints their employees will need, back in the office or, more likely, as part of a new hybrid model. Quality audio equipment and technology solutions will have a significant influence on defining and enabling what business success looks like today and ten years down the line.”

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