Almost two-thirds (63%) of small- and medium-sized businesses (SMBs) think a lack of technology investment restricts the wider growth of UK business as a whole, according to new data from UK technology company, ANS.
With many SMBs currently under pressure amid a technical recession and global socioeconomic factors, their struggles are only compounded by the many barriers blocking their access to the best tech. Merely 12% of SMBs currently have access to the best tech, and 43% reported that not having access to the best technology is limiting their business growth.
Almost a quarter (24%) of the SMBs surveyed reported not having the right technology to meet business goals as a concern, while 30% cited being left behind by competitors. As big corporate competitors continue to make great strides technologically, SMBs must catch up quickly to ensure this gulf doesn’t widen.
