Excerpt of Report by Jeanne-Vida Douglas. BRW Magazine
Technologies once limited to only the biggest budgets are now affordable for businesses of any scale. Here are five of the most rewarding.
Information technology has been the biggest driver of productivity since mechanisation took over from manual and animal labour at the beginning of the industrial revolution.
Research from Finland suggests that access to simple data storage and processing computing facilities will increase the productivity of an average worked by 9 per cent a year; access to the internet will boost it by 14 per cent; mobile computing will increase worker productivity by 32 per cent.
Nonetheless, small businesses, which stand to gain the most from investing in It services, are often the most reticent to take advantage of the opportunities technology provides.
Unlike their larger counterparts, SMEs are often founded and run by specialists. The real estate agent, the carpenter and the distributor all know their trades, but don’t necessarily have the time to investigate emerging technologies or sit down to create a strategy for how a certain piece of software or hardware might make their businesses run more efficiently.
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