A new study into the future of business has found 85% of SMEs are likely to adopt new technology in the next five years in order to support their growth. The Quantum Leap Report, by Virgin Money, revealed that two in five businesses (39%) plan to utilise data science, almost a third (31%) will use artificial intelligence, and over a quarter (26%) anticipate using virtual reality. The research also found that while SMEs are aware of the rapid growth required for the future, 39% attribute a lack of time and 30% attribute a lack of money preventing them from using advanced technology.…
Author: sme-admin
Meetings in the Metaverse could become reality for millions of UK workers in the near future after a new study found that hundreds of businesses are looking for, or building, office space in the virtual technology. Research undertaken by Regus, part of the world’s largest flexible workspace group IWG, found that two thirds (66%) of business leaders view the Metaverse as the natural progression for hybrid working, and that half (48%) are exploring office space within the online world for their employees. Enabling workers in different locations to interact via 3D avatars, bosses believe the Metaverse will have a significant impact…
More than 150 people joined award-winning Tamworth business Embello to celebrate its recent move to much bigger premises. Festivities at Embello’s new unit in Tame Valley Industrial Park, which is eight times bigger and will allow the printing and branding business to increase its capacity by 25%. The new building is in addition to its existing offices in Claymore and will see the company producing up to 100,000 items every week. During the community open day, guests were treated to a behind-the-scenes tour to see how some of the promotional goods are produced, as well as enjoying pizzas and drinks…
Alan Jones, CEO of UK leader in mmWave technology Blu Wireless, shares his thoughts on 5G and 6G and the potential they hold for SMEs, while also sharing his insights as a serial entrepreneur. How 5G and the Open Radio Access Network have widened opportunities for SMEs Ten years ago, when 3G and 4G technology became the norm, there were standard suppliers that delivered that technology. Therefore, trying to break into the wireless technology space as a small business was difficult. Companies had their preferred suppliers, and they were typically the networking giants in the field. That seems to have…
The Leaders Council of Great Britain and Northern Ireland is a network of influential figures from across the country. It champions and celebrates the hard work and achievements of Great British leaders, while seeking to inspire the next generation. The Council puts out regular podcasts with business leaders & politicians. Leaders Council members are also invited to take part and have their voice heard. A recent podcast with Dave Morris, MD of 3 engineering companies in Bedfordshire, should particularly resonate with the owners of small businesses. Dave is interviewed by Scott Challoner discussing his experience from starting out on a…
I saw this post on Linkedin today and thought it worth alerting our readers to the scam. An unwary victim received a package containing a USB drive. In every respect the package appeared to have come from Microsoft. It was high quality and all the logos looked genuine. He plugged it in and then the ransomware did its thing, infecting his PC. A host of tech savvy people have commented on the post questioning why on earth someone would plug in a device that has arrived, unsolicited in the post. Unfortunately, there are many people out there who I’m sure…
Despite today’s challenging market, SMEs continue to play a vital role in the British economy. But could legacy systems and outdated technology be preventing their growth? Catherine Amran, Small & Medium Business Director at Virgin Media O2 Business, explores the true cost to SMEs if technology advancement is neglected – and what support is available to help them thrive. The UK’s 5.6 million SMEs (small and medium enterprises) are the backbone of the British economy. These companies make up 99% of the UK’s business landscape and bring a sizeable economic contribution, with an estimated £2.3 trillion in turnover in 2021.…
One positive (in the loosest sense) of the COVID-19 pandemic and associated lockdowns was a more conciliatory approach taken by parties to shareholder disputes. This may have been because of the significant initial backlogs experienced at the courts (which, simply, were not equipped to work remotely) rather than any actual softening of attitude. As we emerge into the post-pandemic commercial landscape with new and possibly turbulent challenges ahead (from war in Ukraine to the cost of living crisis), it remains to be seen whether the soft approach will continue or whether there will be a return to aggressive and hostile…
SME Today talks to Mark McDonagh, Client Services Director at Midlands-based design agency, EBY, about the current market, his opinion on recent Government advice on making marketing cuts and why marketing during a period of economic uncertainty is more important than ever. “There’s no denying the current financial market has got people worried. Talk of economic downturn alongside rising living costs is fuelling fears of a recession, which naturally leads to caution and pessimism. In contrast to the prevailing optimism as we initially emerged from the pandemic, knee-jerk reactions can result in spending cuts and postponement of growth plans, often to…
By Ben Booth, CEO of MaxContact We spend a lot of our lifetime at work – about one-third of it, to be exact! – so it’s no surprise that our jobs can have a tremendous impact on our own wellbeing. The Work Happiness Score by Indeed found that only 27% of UK workers are happy at work, with nearly three quarters (72%) admitting that unhappiness at work has had a negative impact on their physical and/or mental wellbeing. One workgroup who are experiencing increasing pressure and stress amid the ‘summer of discontent’ are contact centres workers. With factors such as…