A survey by World Economic Forum indicates that the COVID-19 pandemic has increased demand for more adoption and integration of digital technology among small and medium sized enterprises (SMEs). However, they face numerous barriers to adopting technology at a critical time of need.
While 97% of global companies have accelerated adoption of technology to get through the pandemic, according to Forbes, Forum’s survey indicates that only 23% of SMEs were able to dedicate resources to new digital tools. SMEs are still scrambling to meet mandated health and safety measures, threatening their ability to stay operational.
“Three years ago, the Government of Brazil sounded an alarm on the urgent need to help support the modernization and competitiveness of small and medium-sized enterprises,” said Jeff Merritt, Head of Urban Transformation for the World Economic Forum. “The COVID-19 pandemic has amplified these…
