Samsung, Oxford Economics found BYOD negatively impacting revenue growth

Over the past two years, Samsung smartphones have evolved increasingly important for workforce productivity and flexibility. Many businesses are pursuing a BYOD approach instead of providing smartphones to their employees.

According to a new study from Samsung and Oxford Economics, BYOD can reduce their business acumen, reduce data security and adversely affect revenue growth and employee turnover.

Impact of BYOD on business agility and growth!

As part of the Maximizing Mobile Value Study, Samsung and Oxford Economics surveyed 500 US executives and 1,000 U.S. employees in small and medium-sized businesses to better understand how mobile technologies support the workforce.

However, this estimating the actual investment in supporting smartphones, the study found that BYOD is saving businesses far less than they expected.

Considering the upfront price of equipment, management overheads, and software, BYOD saves businesses an average of $340 per employee per year, but at the same time hinders their ability to influence mobile to increase productivity and change workflows.

To help businesses better understand their total investment in employee mobility, Samsung has developed a mobile price calculator based on industry benchmarks from a study. Businesses can input their current costs and compare them to other companies of similar size and industry.