Four in five SMEs believe new technologies will impact their business within the next ten years
One in four SMEs (76%) have invested in technology over the last 12 months to boost their innovative capacity
Other insights included
SMEs can derive huge value just by making small changes.that are not major costs
- Upskilling you and your team through continuos education - this can be done with government and industry support (see www.bbg.business and www.paulgreenberg.com for 2 examples on what you can do)
- Social Media Presence - Only 22% of businesses surveyed have a social media presence. Those using it saw an increase in enquiries and, in 54% of cases, greater interaction with customers. The survey iindicated that half of the businesses on social media said it made doing business easier.
- Improved connectivity and collaboration with clients should be technology that SME's will give most impact to their business into the future,
- Move to cloud software is a simple innovation -. “businesses are embracing online accounting solutions over old, desktop software which can often be onerous to use.
How will Amazon , Artificial Intelligence and technology effect your business ?
What are you going to do about it?
Are you ready to change and learn?