Originally written by Colin O’Flaherty on Small Business
Over the past 10 years alone, technology has changed the world almost beyond recognition. In a time when cloud computing, big data analytics and digital-first consumer experiences are the norm, it is hard to believe that it was only in 2009 that music streaming went mainstream and the video-on-demand market exploded.
Against this backdrop, American Express’ latest research into the business strategies of the UK’s small and medium sized enterprises found that these businesses are prioritising harnessing the latest technology to unlock growth and opportunity. In fact, almost two-thirds (65pc) of SMEs believe that digital technology will create new business opportunities, while the majority of UK SMEs rank adopting the latest tech as one of the top business challenges they’ll be working hardest to address over the next three years.
>See also: Upgrading business technology – new vs refurbished
The UK’s SMEs are also clear on the types of technologies they want and need. The top three they plan to implement in the next three years are workforce productivity tools, faster and more reliable communications systems and integrated enterprise-wide software platforms and enterprise applications. In addition to these more functional applications, SMEs also have big plans
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How 5G mobile technology will help your small business
by Gavin Davis • • 0 Comments
Originally written by Gavin Davis on Small Business
This year will be the one long-awaited 5G technology starts to take off. Many expect this to be a game-changer and, according to Ericsson, by 2024 there will be over 1.5 billion of us connected to 5G.
However, 5G technology offers more than mobile calling or faster internet browsing. Increased productivity and the emergence of new industries are additional potential benefits.
According to a study from Qualcomm, by 2035 5G technology could underpin up to £9.3 trillion worth of goods and services in industries such as retail, healthcare, education, transportation, entertainment and more.
‘82% of business leaders, analysts and tech enthusiasts think 5G will drive small business growth, with SMEs becoming more competitive’
As reported by a PSB Research study which surveyed over 3,500 people, 91pc of business decision leaders, analysts and technology enthusiasts expect new products and services to be invented as a result of 5G.
Additionally, 82pc forecast small business growth and SMEs to become more globally competitive.
What exactly is 5G?
The “G” in 5G stands for “generation”. Now the world is hyperconnected, 5G takes things to a new level. It will dramatically increase the speed at which data is transferred across the network and will greatly
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Why boosting productivity means innovating small business technology
by Partner Content • • 0 Comments
Originally written by Partner Content on Small Business
Solving Britain’s productivity puzzle is vitally important if the UK is to compete against other, stronger economies, experts agree. Small business technology is key to unlocking this puzzle – especially as we move towards a screen-based attention economy.
Productivity in Britain has been flat over last 10 years, partly because of low wages, which has weakened the business case for technology investment.
Figures released in May 2019 by the Office for National Statistics revealed that British productivity has improved by just 0.5pc per year since 2008 and lags 15pc behind other G7 countries.
According to a Small Business survey sponsored by Dell Small Business, nearly two thirds of small business owners are losing sleep over their company’s lack of productivity.
Lesley Giles, director of thinktank The Work Foundation, says: “Part of the UK productivity problem is that our employment levels are high, and they’re divided between high-value roles but also low-value jobs.”
However, given the talk about extending the living wage, and if Brexit turns off the supply of low-cost labour, The Work Foundation argues that the business case for automation and digitalisation becomes more compelling.
In any case, argues Richard Blakesley, co-founder of tech fund Capital Pilot, trying
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7 reasons to move your small business to Office 365
by Partner Content • • 0 Comments
Finding the right tech solutions for your small business can be trying, especially when you feel like you’re working every hour of the day. Your mind may have jumped to Microsoft first – it’s one of the best-known names on the market. We explore why Office 365 should be the go-to for your company. Pay
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