Technology as a Growth Driver
By Cindy Bates, vice president of U.S. Small and Mid-Sized Business,
In a world where technology is woven into the fabric of our daily lives, it’s clear that it helps us stay connected and get more done. What you might not know, however, is just how significant an impact technology can have on the growth of your business and the economy at large.
A recent study by the Boston Consulting Group (BCG) found that those small and mid-sized businesses (SMB) that use technology the most grow faster and create more jobs than SMBs with low levels of technology adoption. The BCG study concluded that if just 15% of low-tech SMBs and 25% of medium-tech SMBs became high-tech SMBs, the result would be the addition of more than two million jobs and an additional US$357 billion into the U.S. economy.