This research project examines the impact of digital technologies on small and medium enterprises (SMEs), using Austin Fraser as a case study. The project analyzes the challenges and benefits of digitalization, its impact on profitability, and the significance of digital transformation in the modern business landscape.
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Table of Contents TITLE:.............................................................................................................................................1 INTRODUCTION...........................................................................................................................1 Overview of research..............................................................................................................1 Background of research..........................................................................................................1 Significance of research.........................................................................................................2 Research Aim.........................................................................................................................2 Research Objectives...............................................................................................................2 Research Questions................................................................................................................3 LITERATURE REVIEW................................................................................................................3 Issues and barriers occurs during implementation of technology..........................................3 Impact of digital technology upon small business.................................................................5 Significance of digitalisation in gaining profitability.............................................................6 RESEARCH METHODOLOGY.....................................................................................................7 Type of Investigation..............................................................................................................7 Research Design.....................................................................................................................7 Research Philosophy..............................................................................................................8 Research approach..................................................................................................................8 Data sampling.........................................................................................................................8 Data collection........................................................................................................................9 Ethical consideration..............................................................................................................9 Data Analysis..........................................................................................................................9 DATA ANALYSIS........................................................................................................................10 Recommendation...........................................................................................................................20 Conclusion.....................................................................................................................................21 REFERENCES.............................................................................................................................22
TITLE: “To determine the implication of digital technologies on small medium enterprises: A case study on Austin Fraser organisation”. INTRODUCTION Overview of research The digital technology plays a crucial in the contemporary business environment as it assures that practices and processes which are undertaken in an organisation are redefined. The small businesses have been taking reliance of the digital tools to compete effectively in the operatingmarket.Incurrenttimeperiod,anorganisationcandevelopingandmaking investigation before they are taking certain type of actions and steps in the large market place which assist in developing effective strategies and policies that can help firm in gaining desired goals and targets in better manner. With the assistance of small business enterprise, it is necessary for firm is to evaluating and identifying the digital technology on their business operation and its functions in effective way. Digitalisation and SMEs required to analysing and evaluating the level of techniques which help in developing and making direct effect on their business organisation. In addition to this, an enterprise need to focus on their latest trends and this will formulating business operation and its activities (Sweetser, English and Fernandes, 2015). There are various nations which are implementing and applied current technologies whose main purpose is to connecting with people, businesses and latest devices. Austin Fraser Ltd are recruitment consultants, matching people with occupation in applications, digital, aviation, automation and life science. The important objective of this company is to exploring the business and their major functions and operations in large scale for offering different types of products and services to their desired customers for satisfying their requirements and needs. Background of research Austin Fraser is an organisation which is known to deliver and support organisation through provision of capable human resources. This organisation is also known to deliver networking and consultancy services to people throughout the country (Hughes, 2012). It is essential to incorporate digital practices for this organisation to make sure that there is an positive improvement in the manner services are delivered. In addition to this, digital methods and techniques are very expensive in nature so this will assist in using digitalisation tools and technologies through this people can easily fulfilling their customers needs in better manner. As 1
a small business of Austin Fraser, they are providing jobs to the country people to sustain them forlongtimeperiod.Anorganisationmainlyprovidingsmallpacksforevaluatingand understandingaboutrecruitmentservicesorfacilities.Incurrentera,peoplearemainly concentrate on giving digital knowledge to their children so this will help in increasing their ability and capability in the digitalisation sector (Drucker, 2012). The main aim of person is to earning best suitable job which assist them in earning high amount of income and revenue. Significance of research It is very important to carry out a research in this segment so that change which has been caused by the digital tools in this contemporary environment can be identified. The additional informationinthissegmentwillmakesurethatbetterdecisionsareformulatedbythe management leading to organisation to new heights. Digital technology is help in increasing organisational performance by executing accurate techniques and methods at right place. With the help of implementing digital technology, the firm can manage and maintain their entire performance that can be used for providing suitable job position in the reputed company. Research Aim Research aim can be explained as potential outcome and specific intervention of investigation that help in providing clear image about investigation study. This is common statement that will consist with whole goals, motives and purpose of this particular examination. Along with this, the major aim of this specific research is to determine and analyse whole research aim (Casey and et. al., 2011). The research aim states the cause behind undertaking this study. The purpose undertaken being this study is“To determine the implication of digital technologies on small medium enterprises: A case study on Austin Fraser organisation.” Research Objectives The research objective can be described as the effective results which is sought by investigators at the end of entire procedure of research. The main objective of this investigation is to identifying the gap between the actual and expected results in proper manner. This motive will assist in explaining the summarised project what has to be attained with this specific research. Objectives of research helps in making sure that aim of this study is being fulfilled. The major objectives for this study are as follows: To ascertain the issues and barriers which occurs in an organisation while implementing digital technology. 2
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To examine the impact of digital technology on Austin Fraser company. To determine the significance of digitalisation for gaining profitability. Research Questions A research question is effective and valuable for enquiry into particular issues and concern. This will consist as an initial stage of this investigation study. It is that section of research which is totally connected with the objectives of this research. Along with this, section of specific research assist in giving clear views and reviews of literature in effective way. The major research questions which will be helpful in attainment of objectives for this study are as follows: What are theissues and barriers which occurs in an organisation while implementing digital technology? What is the impact impact of digital technology on Austin Fraser company? State the significance of the digitalisation for gaining profitability. LITERATURE REVIEW This will determined as an important part of research report that will assist in conducting depth investigation in regard for analysing and evaluating outcome in better manner. It is text scholar paper that includes present knowledge where substantive results and outcome should be involved. Along with this, in this part there are various scholars and authors which help in analysing and determining the final outcome in better manner. This section of investigation will providing accurate direction to the specific investigation that required to be carry out the entire research work in right direction so this will accumulating towards final and accurate results. Such type of data has been collecting and gathering with the help of secondary method of data collection so this will play an essential role in going towards right direction (Markham, 2011). Along with this, the major reason of specific research is to overcome with weakness of the past investigation project effectively. Issues and barriers occurs during implementation of technology It is said that implementation of latest digital tools in an organisation comes with numerous disadvantages and challenges as well. The employee working with an organisation will not be able to completely adjust with change in the circumstances and may experience a decline in the productivity. The complete change in the business culture will be responsible for lack of interest and frustration of employees. Being a SME, it faces constraints on the financial 3
grounds as well which are to be countered effectively. In small business enterprise, the firm owners are facing different types of barriers and conflicts that involves employees, organisation, team, groups, etc. in addition to this, there are various problems and issues which will occurs within the firm that are explained as under:Workers issues– A single person has been facing various issues and conflicts which createdifficultyamongsupervisor,firmstructureandotherrelatedtopic.The management need to resolve various major issues that will try to eliminate all major issues which occur within an enterprise (Hwang and Wu, 2012). Apart from this, workers need to provide effective services and facilities to their staff members that can easily managing and maintaining entire work which can assist them in achieving desired goals and targets in better manner.Requirement of skilled employees– Austin Fraser need to hire talented and skilled workers who are doing work for reaching with potential goals and objectives. This is the major issue within an organisation so company manager required to select best suitable employees who handle or manage all types of work properly. With the help of digital technology, it is essential for company is to hire best suitable employees which assist in adopting current methods and techniques in the firm.Occurring Risk factor– If company does not selecting any type of digital technology so this will create major risk within an organisation. In addition to this, it will assist in controlling and managing all business operations or its functions in proper manner. Risk factor help in formulating and developing whole process of business for earning huge amount of income and revenue in better manner (Howard and Hussain, 2012). While implementing such techniques and methods, there are different risk aspects that can occurs within an enterprise.Lack of budgets– For using or adopting digital technology, it is essential for company is to manage and control their budget system which will help in maintaining all occurring risk factors that will create major issues or problems within an enterprise. Along with this, it is necessary for company is to using new methods and techniques which can assist in gaining high amount of revenue or income in better manner. Also this will support them in surviving in the difficult and complex situations. 4
Requirement of time period– At last, firm need to focus on effective time period and they are try to deal with appropriate time in effective manner. It will help them in developing and managing proper schedule in given time framework. Impact of digital technology upon small business It has become crucial for an organisation to opt for digital platforms as they contribute to an organisation in achieving competitive edge. A business post implementation of technology will be able to uplift productivity of their workers through enhancing efficiency (Drucker, 2012). The digital tools have been influential in making sure that work is being carried out in innovative manner. There is a simultaneous reduction in errors which directly impacts services delivered in a positive manner. Digital technology play an important role in the small business and this will directly impact on business operations and its functions in effective way. There are two main kinds of digitalisation such as tangible and non tangible that will assist them in developing huge amount of income and revenue. There are various points which assist in determining the direct impact of digital technology that are described as under:Easily communicating with their clients– It is the first method and techniques where company can adopting or using digital technology which directly impact on organisation capacity and ability for desired people in proper manner. In addition to this, an enterprise mainly communicating with potential client who interested to buying such types of facilities and services in faster manner.Operational efficiencies– In an organisation, digital technology assist business for understanding or evaluating their financial requirements and also protect them from past resources which includes physical and time disparity. Apart from this, the company need to using and adopting desired digital technology that can help them in evaluating the whole business organisation for managing and maintaining cost storage for keeping innovative goods and services in better manner (Orton-Johnson and Prior, 2013). With the assistance of conducting accurate technology, the firm need to execute such things so this will help in saving time for meeting through using internet and other methods properly.Research capacity– For doing effective investigation, business concern will protect their employees information and data from any type of harm so this will help in providing clear possibility that will totally differ from other competitors in effective way. 5
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At the time of surviving in the large market area so company will help in developing and acquiring new chances properly. Security– In current era, there are different organisation who are implementing current methods and techniques of security that will assist them in preventing from any kind of condition or harm in effective manner. In addition to this, digital technology can be used for protecting their desired workers from any danger while this will occur by methods, tools and techniques (Laudon and Laudon, 2015). Digitalisation assist business for keeping with main opinion and thoughts that will differ from such rivals. Significance of digitalisation in gaining profitability It is a fact that implementation of technology in the right manner will make sure that business is able to entertain enhanced level of productivity. It can be considered as a bedrock of commerce and emerge as a catalyst when it comes to growth. The enlargement of operations will be helpful to a business in gaining economies of scale ultimately leading to achievement of higher profitability on behalf of an organisation.Digital technology will play an effective role in developing and formulating organisational performance and productivity at large market place. In current period of time, online marketing help in buying effective goods and services with the help of online apps and websites. Along with this, it is necessary for every small business enterprise is to using or adopting new technologies so this will growing fast and satisfactory job position. According to … small and medium size business are help in providing different advantages to the nation success and growth. There are different usage of digital technology for increasing company profitability and productivity that are described as under:Quicker,moreencompassingcommunication–Theradicaldevelopmentinthis procedure of communication help in developing and building with the help of internet and it is connecting techniques or methods like laptops and smart phones (Casey and et. al., 2011). In addition to this, the effective communication system will assist in identifying the business operations and its functions at large scale. With the assistance of onlineserviceprovider,AustinFraserismainlyconcentrateonestablishing communication channel so this will help in making transactions in more easy way for customers as well as organisation.Management of resources– In this, digital techniques and methods are appropriate for managing resources within work place so it will assist in executing right endeavour at 6
right side. An enterprise mainly focus on hiring specialist for operating and regulating effective techniques which help in making valuable results for benefit of an organisation. Labour saving– In this, Digital technology assist in decreasing the individual efforts so they are easily executing appropriate ideas and thoughts through work force can be reduced. This will help in encouraging the employees at workplace and also contributing the high growth and success of the company (Markham, 2011). Digitalisation help small business for saving the labour cost so they can easily determine the actual position of the business. Along with this, employees are play an essential role in the company and also contributed in organisation productivity and profitability in better manner. RESEARCH METHODOLOGY This chapter of research process highlights the collection of relevant data from number of sources which can be analysed by researcher to present it in effective format. Researcher have to perform number of interrelated activities that have to be performed in conducive way so that final results could be accomplished in accurate time period. There are certain steps that have to be followed while carrying out this procedure that is described below: Type of Investigation The research can be conducted in different ways by the researcher in order to fulfil its objectives and purposes. There are number of options through which investigation of research canbeconducted,researcherhavetochoosemostsuitableoptionthatwillresultin accomplishing its target. Investigation process is carried out in two different types that include quantitative and qualitative method. Both are different from each other, quantitative method involve examining data in statistical manner. Austin Fraser have to carry out research of gathered data and present information so that ultimate results can be carried out. Research is the method of systematic collection of information and data which help in analysing modern knowledge in such location (Mellis and et. al., 2013). There are certain types of investigation such as descriptive, qualitative, quantitative, empirical and some more. Research techniques and methods are using to analysing and examining the computation and calculation Research Design There are number of research design in which researcher have to conduct their study. Broadly, there are there are three types of research plans that include casual, exploratory and experimental designs. For this process, exploratory design is adopted. This will define the whole 7
business strategies which investigator select for combining different components for ensuring the research issues and problems. It is the blueprint of measurement, analysis, collection of accurate informationandeffectivedata.Researcherrequiredtodevelopingappropriatedesignof investigation which gain the valid results or outcomes in appropriate manner. Along with this, it includes implementation of various methodologies variables that are collected and gathered with the assistance of various methods in proper manner (Hwang and Wu, 2012). It is very necessary for identifying the occurring research issues and problems in given time period so that entire business activities should be completed. Research Philosophy This part include the strategies through which relevant data is collected and interpreted in order to reach final results and outcomes. The method which is used are positivism and interpretivism. This will assist the researcher to carry out their work in right direction. Research philosophy is the consideration about such ways where data need to be gather and selected for gaining accurate results and outcomes. With the help of this, knowledge about effective research issues can be increasing along with assistance for conducting investigation in effective manner. Research approach This is the process and plan which help in conducting research at large market place. It includes communications of philosophical prediction for carry out the research at right direction. With the help of this, researcher provide full detail about gathering data, analyse correct information and data for framing valid conclusion. Such type of factors assist them in developing effective decision making procedure and gain sustainability at large market area. Researcher mainly concentrate on their examination and they are taking appropriate decision according to the requirement of company. In this step, one of the activity of research process is formulated in effective manner. Two types of research approach is selected that are inductive and deductive. As per the current market scenario and also described situation, investigator using qualitative research approaches included in this assignment (Howard and Hussain, 2013). This is essential for firm is to executing inductive method for framing potential desires. Data sampling Researcher have to collect information from the selected data from the sample they have chosen. Investigator gathers the data from random sampling in which respondents are selected randomly from the total population. The sample size selected in this research procedure is 30. it 8
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is the set of information which has been selected from statistical population by describing effective procedures. The element of sample that can be used in research which are called sample point, unit or observations. In this, sample is presented in subset to manageable size. Along with this, data sampling is statistical method that assist in analysing, interpreting and selecting information in proper manner (Doong and Ho, 2012). This can be divided into two parts such as probabilistic and non probabilistic method of sampling. In this, probabilistic techniques includes area where investigation conducting and on the other hand, non probabilistic method define voluntary response. Data collection This is that process which help in collecting and gathering effective facts uncertain in establishing well organised manner that enable for framing valid answer of correct question and determine consequences. Collection of data from any survey and network places through data entry, logging and capturing. In this report, 30 respondents has been selected for drawing accurate results in proper manner. Investigator mainly concentrate needs and requirements for satisfy them. There are two types of methods such as primary and secondary data collection that can be used by researchers. Ethical consideration It is one of the major part of research working that includes rules and regulations as per the entire investigation activities which can carry out in effective manner. Researcher implement common rules to make judgement between ethical and unethical person behaviour. This outcome is presenting the data which is one of the most appropriate format of such goals and targets that help in reaching with desired objectives (Doong and Ho, 2012). Along with this, ethical behaviour are essential for collaborating so they are developing common trust and respect among investigation individual. The respondents information and data need to kept personal and this should be discovered for any other person without taking any approval. Data Analysis The data which have been gathered is analysed with the use of some tolls and techniques. There are different sources from which relevant information is gathered that include primary and secondary sources. Both formulates different type of information to the researcher and is utilised by themaccording to their need and wantsso that final aimsand objectives could be accomplished. 9
DATA ANALYSIS This is that part of research which assist them in analysing and examining the entire data and information that can be collected and gathered by investigator for specific research report. This part of investigation can be done with the help of developing themes and also this is based on questions of questionnaire which are filled by respondents. Such are as follows: QUESTIONNAIRE Name.......................................... Gender........................................ Age.............................................. Q1). What are the major grounds beside executing advanced technology at workplace?Sales incrementPerformance bettermentInformation securityAll the above Q2). Does execution of digital technology is useful for an organisation?AgreeDisagree Q3). Do you observe any modification within organisational turnover?YesNo Q4). What are the major disadvantages while using digital techniques at market place?Lengthy procedureCostlyTime consumingAll the above Q5). Does digital technology impact on Austin Fraser market reputation?YesNo Q6). Does digitalisation influence on customers buying behaviour in Austin Fraser?Yes 10
No Q7). Do you satisfied with the Austin Fraser marketing policies and strategies?YesNo Q8). In which way digital technology influencing modern techniques and methods?PositiveNegative Q9). Do you have any requirement of adopting digital technology at workplace?AgreeDisagree Q10). Do you have any suggestion regarding taking accurate direction towards more improvement within an enterprise? Theme 1: Executing advanced technology at workplace Q1).Whatarethemajorgroundsbeside executing advanced technology at workplace? Frequency Sales increment10 Performance betterment5 Information security10 All the above5 11
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Interpretation:As per the above table, it can be analysed that sales maximization and information security will help in implementing modern techniques and methods at workplace. In an organisation, it is required for manager is to developing and building modern technology while implementing such digital technology in better manner. There are around 10 respondents who are agree on sales maximization help in advanced technology at workplace and rest of the 5 respondents are think that performance betterment is useful for getting modern technology within an organisation. Theme 2: Digital technology is useful for an organisation Q2). Does execution of digital technology is useful for an organisation? Frequency Agree20 Disagree10 12 10 5 10 5 Sales increment Performance betterment Information security All the above
Interpretation:It can be stated that digital technology assist in managing and maintaining all business operations in proper manner. Along with this, it is necessary for company is to implementing new techniques and methods at the time of gaining attention of large number of people towards their services. There are approx. 20 respondents who are agree on this statement and rest of the 10 respondents are disagree on that digital technology is useful for organisation functions and activities effectively. Theme 3: Modification within organisational turnover Q3). Do you observe any modification within organisational turnover? Frequency Yes25 No5 13 20 10 Agree Disagree
Interpretation:As per the above mentioned project, it can be concluded that Austin Fraser need to make accurate changes or alteration within an enterprise. The firm analysed that they require to increasing turnover rate by enhancing employees range. There are around 25 respondents who are agree on this consideration and on the other hand, 5 respondents are disagree on that firm can modify their turnover rate in better manner. Theme 4: Disadvantages while using digital techniques at market place Q4). What are the major disadvantages while using digital techniques at market place? Frequency Lengthy procedure10 Costly5 Time consuming5 All the above10 14 25 5 Yes No
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Interpretation:It can be stated that there are various drawbacks or disadvantages while using digitalisation methods and tools at large market place. There are around 10 respondents who are agree on that complex process is the main disadvantages within large market area. On the other hand, approx. 5 respondents are think that digital techniques are very expensive for the people, rest of the 5 respondents are say that it is time consuming while this will be managed and maintained. Theme 5: Digital technology impact on Austin Fraser service image Q5). Does digital technology impact on Austin Fraser market reputation? Frequency Yes29 No1 15 10 55 10 Lengthy procedure Costly Time consuming All the above
Interpretation:Accordingtotheabovedescribedtable,itcanbeanalysedthatdigital technology will directly impact on Austin Fraser goodwill which show at the market place. It can be observed that digitalisation directly effect on company operation and its functions in effectively. There are around 29 respondents who are agree on this digital techniques and methods will directly effect on Austin Fraser market image and goodwill. On the other side, 1 respondent are does not agree with this statement so the company required to conduct and analyse entire market strategies or policies. Theme 6: Digitalisation influence on customers buying behaviour in Austin Fraser Q6).Doesdigitalisationinfluenceon customersbuyingbehaviourinAustin Fraser? Frequency Yes26 No4 16 29 1 Yes No
Interpretation:From the above described report, it can be analysed that digital technology mainly impact on customers buying behaviour who work in the Austin Fraser. It is required for firm is to analyse and evaluating the buyers needs and wants in proper manner. There are around 26 respondents who are agree on that digitalisation help in determining actual buying behaviour of the respected consumer. Remaining 4 respondents are disagree on this statement and they does not believe that digital technology influence on customer buying behaviour in Austin Fraser company. Theme 7: Company developing effective marketing policies and strategies Q7). Do you satisfied with the Austin Fraser marketing policies and strategies? Frequency Yes24 No6 17 26 4 Yes No
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Interpretation:This can be analysed that how many people are satisfied and happy with the Austin Fraser marketing strategies and policies in effective manner. There are around 24 respondents who are agree on this statement and rest of the 6 respondents are disagree on this consideration that will help in making or developing effective marketing strategies for attracting large number of people. Theme 8: Digital technology influencing modern techniques and methods Q8).Inwhichwaydigitaltechnology influencing modern techniques and methods? Frequency Positive28 Negative2 18 26 4 Yes No
Interpretation:From the above described report, it can be concluded that digital technology directly impact on modern techniques and methods that can assist in gaining huge amount of income and revenue. There are around 28 respondents who are agree on this statement and on the otherhand,approx.2respondentsarenegativelyimpactondigitaltechnologymethods effectively. Theme 9: Requirement of adopting digital technology at workplace Q9).Doyouhaveanyrequirementof adopting digital technology at workplace? Frequency Agree25 Disagree5 19 28 2 Positive Negative
Interpretation:It can be clearly stated that organisation need to adopt and using effective digital technology methods which perform functions at workplace. There are around 25 respondents who are agree on that wile adopting digital technology at large work place so they required to manage and maintain all business operations effectively. Remaining 5 respondents are disagree on this consideration. RECOMMENDATION This can be recommended that the company need to analysing both positive or negative impact of digitalisation, it is essential for accessible the same. In current time period, life style of customers has been change. Therefore, it is necessary for all companies is to adopting and using new methods or techniques in manpower and also develop required alterations in manufacture division. Along with this, it will help in completing all needs and demand of customers in given timeperiod.Afteranalysingthisproject,AustinFraserrequiredtoevaluatedigital transformation in developing sector which assist in becoming more necessary in such days. REFLECTION The investigation project has carry out different number of functions and activities thus they are gathering accurate data or information in appropriate manner. In addition to this, I am 20 25 5 Agree Disagree
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collecting data through using primary and secondary method for completing all work in proper way. In this, primary data is gathered with the help of questionnaire method on the other hand, secondary research is used for collecting in regard of literature review. I think questionnaire method is impressive which is used by Austin Fraser for getting correct data and information in better manner. While performing this investigation I have learnt few things as well improve my skills which help me in future course of action. With the help of this, I have to learn different things which will be important for me in doing future research in systematic manner. From this study, I have experience that digital technologies play an effective rolein success and growth of small medium enterprise.This research supports me in collecting accurate information or data regarding the importance of digital technology. In addition, this I also came to understand regarding different challenges challenges thatAustin Fraser organisationis facing by performing its functions and operations applying digital technology. This data can be further followed by some another person to enlarge this topic as this investigation give much more authenticated data which assist an organisation in finding effective ways to overcome such type of challenges in more accurate and detailed manner. While doing this research project I also being capable to learn regarding several research methods and approaches such as primary and secondary data collection, qualitative and quantitative,research philosophy and many other useful research method etc. Apart from this, I feel happy that I acquire a chance to execute this investigation which directly assist me in enhancing my different types of skills such asanalytical, communication, decision making, time management andpresentation capability throughout this study. While doing this research I faced different kind of challenges or issues like the budget given for investigation is very tight which impacted the way we execute investigation. in addition, some of the participant are not clear regarding the data they given but disregard of all these I have proved mybest to accumulatemoreaccurateaswellasreliable datain order to conduct this investigation in ethical manner. for collecting accurate amount of data about the role of digital technology on business success, questionnaire have been applied by researcher as it will provide reliable as well as valid data about the study. for this project, interview is consider alternative research instrument which will further used by researcher to accumulate appropriate information regarding the study. 21
CONCLUSION Digitaltechnologyandspeedofinventionatmarketplace,changingdemandin demographics of workforce. With the help of this investigation, it can be analysed that organisation try to designing their company structure and culture for gaining high competitive advancement. Launching the effective procedure in enterprise that will assist in transforming business landscape, redefine manufacture and production process. This will create various opportunities for staff members while doing work so new methods and techniques has been emergedintheirworkingenvironment.Digitalisationhasmainlyimpactonorganisation performance whether they are dealing with retailing, producing and service industry. It will proves advantages for both employer and employee so this will developing their easy work in better manner. For doing business by using online platform so they will bringing sustainability and adaptability of organisation within large market area. Along with this, it will reducing the transactioncostandmaximisetradingforcompletingwholeneedsandrequirementsof customers in given time frame.The small businesses have been taking reliance of the digital tools to compete effectively in the operating market. 22
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