Log in
Show password
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 
  1. Homepage
  2. Equities
  3. United Kingdom
  4. London Stock Exchange
  5. BT Group plc
  6. News
  7. Summary
    BT.A   GB0030913577


SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

BT : A digital fabric for the next generation of public services

07/01/2021 | 05:52am EDT

Before the pandemic, local authorities and businesses were already coming together to explore the use of technology in connecting people, supporting businesses, and bonding communities. But the realities of having to respond and adapt to Covid-19 has seen digital adoption accelerate at a rate of knots. We've witnessed the healthcare sector rapidly transform bytrialling remote diagnosticsto reach more people than ever before. We've seen themanufacturing sectordeploy 5G-enabled solutions to speed up their operations on the factory floor. And we've seen local authorities zoom in ondigital ways of learningto better reach and engage students.

Technology has empowered local authorities to keep delivering vital services, but now there's an opportunity to expand its reach to benefit more people and bring more transformation and growth than ever before.

To deliver the transformation of industries on a massive scale, we need to create what we call a 'digital fabric'. In other words, an underlying foundation which will enable the next generation of digital services. The basis of this new digital fabric is converged connectivity - across both fixed and mobile - supporting an overlay of devices, data, skills and applications. This digital fabric will ultimately deliver better social and economic outcomes, such as inclusive growth, more productivity and driving a green recovery, while opening up better access to health and wellbeing services.

But local authorities cannot do this without the support and expertise of a network of technology providers that can help shape their strategy and deliver a solution that can support the future of their communities.

As a critical national enabler, we're working with several local authorities to accelerate digital transformation in their regions. For example, through its '100% Digital Leeds' campaign, Leeds City Council is working towards a future in which there are no barriers to digital inclusion. As part of this, our Local Full Fibre Programme aims to give all 285 schools in the district access to the best possible connectivity, along with 293 other council-owned buildings, 156 NHS sites, and council housing across the city.

But fulfilling a local authority's vision of delivering a digitally-enabled future for its citizens also depends on access to continuous innovation, insight and research. And raising the right investment can be a challenge that requires assistance from the private sector.

That's where partnering with a company that has a long history of innovation can help. For instance, we'veinvested £2.5 billion on R&D over the past five years, andcurrently employ 4,000 'innovation scouts' whose role is to predict how the future will look so that we're early pioneers of the latest emerging technologies

One example of how we are exploring breakthrough innovations to support the public sector is ourGreen Tech Innovation Platform. The initiative, launched in June 2020 in partnership with US-based innovation platform Plug and Play, was designed to uncover new sustainable technologies which can help the public sector achieve its net zero carbon emissions. To date, it has focused on three areas: smart streets; smart buildings; and remote working - technologies that could potentially transform local communities for the better.

The pandemic has shown us the importance of community in times of crisis. A combination of local knowledge, valuable relationships and networks have enabled communities to provide their citizens with what they need, when they've needed it. The increased levels of community engagement during this time have also given local authorities a greater insight into the support that's required of them.

The delivery of this support - and the impact it can have on people's home and work lives- can be vastly improved through digital transformation. Technology is, after all, a powerful enabler. But as places become better connected, people must have the skills and confidence to use digital technology to its full value, which also helps reduce the widening of the digital divide. Local authorities therefore need to work with partners who can help deliver the training needed to boost a community's digital skills.

TheBT Skills for Tomorrowprogramme seeks to give millions of people the skills they need to flourish in the digital future.We'vealready reached our original goal of helping 10 million people across the UK with digital skills, five years ahead of schedule, and we've set a new target to reach 25 million people by the end of March 2026.

Ultimately, digital transformation is key to revitalising communities feeling the impacts of the pandemic, and local authorities when joined by key partners who align to their goals can greatly accelerate this. Creating a digital fabric requires systematic change, the result of shared visions and collaboration that ensures a wide breadth of expertise and technology know-how. Strong partnerships ensure projects keep moving forward, overcoming obstacles as they appear and engaging with every stakeholder. They are key to connecting for good and unlocking the evolution of public services.


BT Group plc published this content on 01 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 July 2021 09:51:33 UTC.

© Publicnow 2021
All news about BT GROUP PLC
09/16BT : steps up small business support by gifting up to £7.5 million of st..
09/16BT to Recruit Around 1,000 Staff for Birmingham Hub Amid Office Restructuring
09/16BT : 1,000 new jobs to be created at BT's new regional hub in Birmingham
09/15BT : Sports Television Unit Gets Potential Interest from DAZN
09/15BT : DAZN 'possibly' interested in BT Sport, chairman says
09/15Vodafone Spain plans to cut up to 515 jobs amid intense competition
09/13BT : conducts world's first trial of quantum-secure communications over ..
09/08WALL STREET STOCK EXCHANGE : Wall Street bogged down by Delta spread
09/08Bernstein Begins BT Group With Market-Perform, Keeps PT
09/08ANALYST RECOMMENDATIONS : Adobe, Broadcom, Chipotle Mexican Grill, Netflix, Voda..
More news
Analyst Recommendations on BT GROUP PLC
More recommendations
Sales 2022 21 102 M 29 114 M 29 114 M
Net income 2022 1 639 M 2 262 M 2 262 M
Net Debt 2022 18 390 M 25 372 M 25 372 M
P/E ratio 2022 9,18x
Yield 2022 4,71%
Capitalization 15 330 M 21 118 M 21 150 M
EV / Sales 2022 1,60x
EV / Sales 2023 1,62x
Nbr of Employees 99 700
Free-Float 74,2%
Duration : Period :
BT Group plc Technical Analysis Chart | BT.A | GB0030913577 | MarketScreener
Technical analysis trends BT GROUP PLC
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 23
Last Close Price 154,70 GBX
Average target price 198,36 GBX
Spread / Average Target 28,2%
EPS Revisions
Managers and Directors
Philip Eric Rene Jansen Chief Executive Officer & Executive Director
Simon Jonathan Lowth Chief Financial Officer & Executive Officer
Ulrica Fearn Group Finance Director
Jan Petrus du Plessis Chairman
Howard Watson Chief Technology Officer
Sector and Competitors
1st jan.Capi. (M$)
BT GROUP PLC16.98%21 118