SME Tech is a broad term that refers to the use of technology by small and medium-sized enterprises (SMEs). SME Tech are businesses with fewer than 250 employees. They are a vital part of the global economy, accounting for 99% of all businesses and 60% of global employment.
There are many ways that technology can help SMEs. Some of the most common benefits include:
- Improved efficiency and productivity: Technology can help SME Tech automate tasks, streamline processes, and access real-time data. This can lead to increased efficiency and productivity, which can save businesses money and time.