CNBC Africa’s Post

With technology rapidly revolving, SMEs are finding it difficult to match this pace and meet their technological needs.

Technology is a fast-changing sector. Technology companies are not just evolving but also changing how other sectors function. All businesses work for profit and growth. To drive growth, they need to leverage technology. That is why more and more businesses are increasingly turning to technology companies, looking for solutions that can give them a competitive edge and meet their customer expectations in terms of end products and services. https://lnkd.in/dZbmiykJ

The impact of technology in the business field at the present time is a comprehensive and profound revolution that reshapes all the basic aspects of it, including in companies. This impact can be described through the following points: - 1. Improving efficiency and productivity: - This is done by accelerating processes and improving accuracy, as institutions have become able to carry out tasks very quickly thanks to advanced systems and software.. 2. Enhancing communication and cooperation: - Thanks to modern means of communication, institutions have become able to communicate effectively internally and externally.. 3. Continuous innovation: - Technology opens doors to development and provides innovative solutions in developing products and services provided by institutions, such as designing prototypes or virtual reality for experiments.. 4. Global access: - The rapid development in technology has helped transform trade into e-commerce by making global markets accessible to everyone, which has enabled institutions to provide their services anywhere in the world. From this, we can say that technology is not just a tool, but has become an important element in achieving success in the business world. Institutions that invest in technology intelligently achieve remarkable progress, and this is what we see today in our world..

Technology Use and Process Improvement Practices for SMEs Technology aids civilization improves productivity and helps in the development of economies. The advancements in many forms of technology have helped improve our standard of living. Not only that, but they have also aided production and productivity. As big and global businesses use technology to improve their processes, small businesses should also start to take advantage of these technologies. The Internet, computer and mobile technology are critical for operational efficiency, and these are technologies that are available for SMEs to deploy for productivity and operational efficiency. This week, our focus will be on the impact of technology on process improvement and how SMEs can deploy technology for enhanced capabilities. Join us on LinkedIn this Thursday at the audio event “Small Conversations with Kolawole Kehinde” as Kolawole Kehinde and Stanley Apugo share insights, thoughts and solutions to SMEs and technology deployment. We also will be expecting you to join in the conversation.

This research explores the role of technology adoption in enhancing the performance of small and medium-sized enterprises (SMEs), with a focus on how innovation and export activities contribute to overall business success. It aims to identify key factors that influence how effectively SMEs integrate technology to boost competitiveness and growth. https://lnkd.in/eM5NaksJ Document National Code: ICIMAH01_017

Canadian SMEs are missing out on the digital revolution! According to our findings, over 42% of tech firms in Ontario haven't invested in digital capabilities for customer needs. It's time to bridge the gap and unlock growth potential. Learn more: https://lnkd.in/g4X79jC5 #DigitalTransformation #SMEs #Tech

Can you suggest a new idea for a business or technology that could be launched in Pakistan? It could be something you’ve always dreamed of creating, a problem you face daily and want to solve, or a technology that’s missing in Pakistan but present elsewhere in the world.

📲 In today's digital age, technology is the backbone of every successful business, regardless of its size. Remember, effective technology management is not just about adopting the latest gadgets—it's about leveraging technology strategically to drive business success and innovation. 🌐✨

Improved efficiency and productivity: Digital technologies can automate tasks, streamline workflows, and reduce manual labor. This can free up employee time so they can focus on innovation and driving business growth.