Confidence is the new competitive advantage
UK small and medium-sized businesses (SMBs) have reached a defining moment. Rapid advances in technology and AI have created the potential to transform how SMBs operate – improving competitiveness, enhancing efficiency and unlocking new growth opportunities.
Yet, over a third of UK SMBs risk being permanently left behind their competitors because they lack the confidence and processes required to identify, adopt and scale new technologies effectively.
Executive Chair at Babble.
The result is an increasingly pronounced divide between businesses that feel equipped to embrace technology and those struggling to keep pace – Tech Vanguards vs Tech Bystanders. Crucially, that confidence can be self-reinforcing.
Businesses that successfully introduce and scale new technologies are better placed to make their next technology decision with confidence. Those that hesitate risk falling further behind, as the capabilities and experience needed to keep pace become harder to build.
This issue can have widespread consequences....
Copyright of this story solely belongs to www.techradar.com. To see the full text click HERE
