The Big Picture Crowdsource Innovation Digitalization plays an instrumental role for small and medium-sized businesses (SMEs), with a positive impact on economic growth. Access and readiness for emerging tech (or the ‘Fourth Industrial Revolution’) requires overcoming digital challenges, bucking the trend towards low tech adoption and mitigating talent gaps. Embracing technology would help SMEs lower barriers to entry, attract talent and gain productivity and efficiency. SMEs play a vital role in the global economy, contributing up to 70% to employment and GDP . However, 67% of SMEs and mid-sized businesses are fighting for survival . This is partly because SMEs face intense short-term business pressures, limited expertise and resource constraints, which hinder their technology adoption. Over 85% of organizations recognise increased adoption of new technologies and expanding digital access as key drivers of transformation. Digital infrastructure has been identified as a significant driver of long-term financial growth and adaptive capacity for SMEs. Staying up-to-date with these trends is crucial for SMEs to remain competitive in the evolving digital landscape. While this may involve a significant upfront cost in the medium to long term, investments in digitisation can enable SMEs to gain valuable insights from their data, increase the efficiency […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
