Research Report: Impact of Digital Technology on SMEs (Softwire)
VerifiedAdded on 2023/02/06
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AI Summary
This report examines the impact of digital technology on Small and Medium Enterprises (SMEs), focusing on how it influences their growth and development. The analysis includes data on the positive impact of digital technology, the use of social media for promotion, and the benefits gained through implementation. The report also addresses challenges such as cybersecurity concerns and the costs associated with technological upgrades. Findings indicate that digital technology plays a crucial role in SME growth, as demonstrated by the case study of Softwire, an SME utilizing digital tools. The research highlights the various digital technologies employed and their influence on business operations, offering insights into market share, sales, and profitability. The research is based on data collected through surveys and analysis of various factors affecting SMEs.
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