Meditation Mental Health Image by Josep Monter Martinez from PixabayResearch by BT has unveiled that the current pace of technology change is giving “bytemares” to 9 in 10 business leaders. The impact is so great that many are losing sleep over the issue. Top of the list are cybersecurity and AI. 58% are worried by the pace of change. Without UK businesses evolving to the new tech landscape, BT estimates that growth could be hindered by as much as £11.79 billion by 2030.

It appears as though they are a double-edged sword. With leaders worried they are not doing enough about these and other technologies within their business. Also by the impact they may have. However, despite the “bytemares”, 62% believe that tech transformation is vital for their business’s survival.

The findings were published at the start of Mental Health Awareness Week. Organised by the Mental Health Foundation this year, it has a focus on movement. With a social media tag of #MomentsForMovement.

Tech innovation and adoption are rapid

Technology Transformation is occurring across most businesses. The BT research found that 8% of businesses are investing in new technology solutions. With investment is set to rise by 31%.

Despite these figures, BT believes that as many as 104,000 British businesses will hold back on transformation due to the concerns they have around technology: the inhibiting factors include stress, lack of resources and skills. The tech paralysis is concerning.

That paralysis has been brought about by the rapid change in technology. As business leaders are fearful of making a wrong decision and putting their business at risk. However, if they do nothing, their business may also be at risk. 59% of decision-makers say tech is advancing so quickly they worry about the future of their business. The research indicates that Financial services (74%) and HR (78%) are the most concerned about the pace of tech innovation.

Concerns highlighted included cyber security (32%), tech transformation (25%), and digital skills (24%). Business leaders want help in navigating the tech landscape. The research indicates that 50% want a trusted partner to help them with business transformation. Could BT be that partner?

Top of mind for business leaders are concerns about cybersecurity and AI. There are also concerns about data privacy and security (34%), as well as quality and reliability (29%). One in five (21%) see AI as an existential threat to their business. Is AI a threat or an opportunity? Finding the right business partner could help business leaders to surface those opportunities before they become threats.

BT launches Business Reboot

Acknowledging the concerns and challenges faced by Business leaders, BT has teamed up with ex-Dragon Sarah Willingham and meditation guru Izzy Judd to create The Business Reboot. These podcasts will aim to help business leaders of organisations of all sizes to hit a reset button. The business reboot already has 89 podcasts and is available on Google, Stitcher, Spotify and Apple.

Developed with Sarah Willingham and Izzy Judd, the Business Reboot guided meditation series is specifically designed to help business leaders beat their ‘bytemares’. It will have episodes focusing on AI, cybersecurity, data analytics, digital skills, and cloud computing. The audio meditations are available for free to everyone, including more than one million BT business and public sector customers across the world. What isn’t clear is where the series will be available from. There do not appear to be any further details on the BT webpage as of writing.

Bas Burger, CEO – Business at BT, (image credit - LinkdIn/Bas Burger)
Bas Burger, CEO – Business at BT

Bas Burger, CEO – Business at BT, said“Today, every business is a digital business – and our research shows that the pace of change is taking its toll. Our job is to make things easier: providing the rock-solid digital foundation businesses need to thrive. Together with former Dragon Sarah Willingham and meditation expert Izzy Judd, we’re helping business leaders get into the headspace to make the most of the tech opportunity. Whether that’s AI, digital skills or cybersecurity, BT’s got their back.”

Sarah Willingham, former Dragon, commented, “Dealing with change and uncertainty are two of the hardest things about running a business, and I’ve always found meditation really helps with that. It’s an essential part of my every day – without it, I won’t be as present or productive for myself or my team. With all the tech challenges businesses are facing this year, I want leaders to embrace the power of mindfulness and meditation in their working lives.”

Izzy Judd, host of the BBC’s Music and Meditation Podcast and voice of BT’s Business Reboot series, added, “Meditation plays an important role in millions of lives across the UK and is increasingly being used in business to help tackle the stress of life in the fast lane. Just taking a few minutes to step away from the to-do list, connect your body and mind, and reset your priorities, can provide a huge boost to clarity and concentration, while enabling you to feel calmer. That’s what BT’s Business Reboot series is all about.”

Enterprise Times: What does this mean

It is an interesting choice of name for the new series, one that has been used several times before. Note that this is not the same as The Business Reboot, an organisation with 89 podcasts available and other services to help entrepreneurs. It is hosted by Corry Frazier and Melissa Pepin. Cory and Melissa are US-based, but it seems odd that BT picked the same name without checking.

Anything that helps calm the fears of business leaders with meditation is a welcome approach. It will be interesting to listen to this series once launched and see how the hosts tackle the issues.

Many business leaders are no strangers to meditation techniques. BT research indicates that 57% already practice meditation at least once a week. 38% of those who have never tried meditation said that they would consider it if it helps with work-related stress. Several academic studies have shown the benefits of meditation in work-related environments.

Wood and Carini noted, “Techniques such as meditation, progressive muscle relaxation, 4-7-8 breathwork, acupressure, aromatherapy, and Jin Shin Jyutsu have been used with great success in the workplace setting to help build resilience.”

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