Google, Sage, and Cisco among big tech backers for new SMB innovation hub

Posted under: MSME
Date: 2023-10-18
Google, Sage, and Cisco among big tech backers for new SMB innovation hub

Four major tech giants, Google, Vodafone, Cisco, and Sage, are backing a UK-based "Tech Hub" to support small and medium-sized businesses (SMBs) in their digital transformation journey. Managed by Enterprise Nation, the initiative will offer an online platform as a "one-stop-shop" for SMBs to embrace digital technologies. It will provide guidance on selecting technologies like artificial intelligence and data analytics tailored to individual business needs and help integrate these tools into their operations. Research shows that while 25% of UK SMBs are investing in technology, many struggle to maximize its benefits due to a lack of knowledge and training. Accelerated digital transformation among SMBs could potentially unlock £232 billion for the UK economy, as per Sage's research. The UK government also supports this effort to enhance SMB digital capabilities, boost productivity, and spur economic growth.

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