Research from technology consultancy Portal shows financial
services firms constituted the highest-performing sector in London
during the Olympic period.
According to the survey of 500 London based
companies, carried out in August, 64% of finance businesses saw
“little or no drop” in productivity while the games were on, with
86% allowing people to work from home. This is in marked contrast
to other sectors, which saw productivity fall in over 40% of
cases.
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A major positive factor for financial services
was pre-games planning, with 76% of firms saying they had dedicated
time to it, and 27% having started six months early to ensure
“business as usual”.
Portal reported a high incidence of IT
planning , with 71% of those surveyed upgrading software and 33%
upgrading hardware, allowing people to access e-mail, video
conferencing and critical business systems.
Shamus Kelly, CEO of Portal, said: “At a time
when the UK economy is struggling to shake off the recession, the
productivity of our financial services sector is paramount and the
Olympics could have been disastrous for businesses in the
capital.
“Companies in this sector in particular heeded
LOCOG’s advice and provided ways for employees to work remotely
which has meant there has been very little impact on most
businesses.”
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By GlobalData
