21 Proven Facts That Show Technology is Helping SMEs to Grow in 2017

21 Proven Facts That Show Technology is Helping SMEs to Grow in 2017

How Technology is Helping SMEs to Grow in 2017
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The impact of the internet and technology on the growth of SMEs in 2017 cannot be underestimated. Small and medium-sized enterprises (or SMEs) are the major support of the global economy. In the U.S.alone, SMEs represent around 99 percent of employers.

Access to technology has leveled the playing field between SMEs and the big players. They are now able to manage improved supply chains to reap the benefits of innovative technology. Technology is an important part of all aspects of life, and its real-world applications are growing continuously.

For example, Richard from Dark Web News says that technology has helped his team build one of the largest indexes of websites on the deep web. “This has helped the business in getting more readers,” he adds.

Outlined below is a roundup of the most influential technologies that are impacting the growth of SMEs this year.

1. Online Stores

E-commerce technology and digitalization has completely changed the background in which small and medium enterprises function. More and more consumers are going online to make purchases, often with their smartphones. Due to this, businesses are able to become more efficient and reach larger markets, with the improvement in communication.

According to reports, SMEs who adopt digitalization in their business are able to double their profits, as compared to offline SMEs as there is a reduction in infrastructure costs.

2. Moving Brand Marketing Online


Advanced technology is offering fresh channels, especially for B2B companies, to market their products and services. More and more small players are coming onto online platforms too, including brick-and-mortar consumer product-based businesses.

3. Easy Procurement

Technological advancements have also enabled smoother and more efficient transactions between companies and customers. It has also improved the method by which companies are procuring of raw materials.

4. Access to Mobile Phones

Smartphones are also becoming cheaper and more accessible to the common man, with cheaper mobile data plans. New entrepreneurs in the SME sector are adopting the latest mobile technologies to increase their revenue and tap into the potential.

They are able to offer a better user or client experience, and the new mobile landscape has offered a recipe for more efficiency and greater success in the year 2017.

5. Improved Loan Solutions

SMEs operating on online platforms are also witnessing more opportunities to secure loans. There are many alternative lending organizations that study whether the SME is credit-worthy, checking out their sales. They are able to offer loans to these SMEs functioning online within a matter of a few days.

6. Better Business Analysis

Technological development has made it possible for lenders and businesses to make a real-time business analysis of large volumes of data related to consumer expectations, preferences, market options, and so on. The SMEs have, therefore, been able to study consumer behavior better to offer their target market customized solutions.

7. Social Networking Opportunities

Social networking channels have offered a means of advertising for SMEs. This has increased their reach to customers, thereby boosting brand awareness among more users.

Video streaming has also become more popular, and businesses are now able to distribute their video content more easily. A live streaming platform enables better customer interaction and awareness. People are more likely to purchase a product when they see a video of it.

8. Virtual Reality and Augmented Reality

Oculus Rift and HTC Vive along with other VR headsets have brought information right into the customers’ living rooms. SMEs and other businesses in various sectors have made use of this technology to promote their brand and goods or services. For instance, real estate agents can now use virtual tour development products like Matterport's 3-D showcasing system to present their clients’ homes to sellers in an imaginative and realistic manner.

9. Automation

In several surveys, more than 50 percent of the responding SMEs state that digital technology has helped them reduce costs and scale back their reliance on manpower. They are now able to automate business processes and standardize them by using digital solutions for accounting and syncing transactions.

This has increased productivity, and the businesses are now more able to stay focused on their core functionalities.

10. Cloud Adoption

This has offered many new opportunities to SMEs, exponentially increasing their growth. Businesses are now able to easily access cloud services, which were previously available only to larger global companies, as they were not affordable. Now a level playing arena has been created for SMEs to compete with big players.

SMEs can now use VoIP calls and collaborate more smoothly with their employees and customers, even if they are based abroad.

11. Analytical Proof

An analysis conducted by Boston Consulting Group studied 4,000 SMEs of different industries spread across five countries: the U.S., China, India, Brazil, and Germany. The test was done to show the link between technology and business performance. The results showed that SMEs that adopt new technology were able to increase their revenues 15 percent more quickly and create more jobs as well.

12. Better Inventory Management

A lot of SMEs are now using the latest software technologies for managing their inventories. Previously, this was done manually and it was a time-consuming procedure. Automation of routine inventories has ensured an improved and more efficient service to customers.

13. Document Preparation

Smart technology has made it possible for SMEs to access accounting software. It is reasonably priced and is user friendly. Businesses are now finding it very useful for streamlining their preparation of tax statements and for their regular bookkeeping routine. This has also resulted in increased buyer confidence, as they are able to view accurate financial statements.

14. Knowing Customer Needs

Technology has also helped SMEs to know their customers better and have better information about their needs. For instance, if you’re running a hotel, you are able to track information about the customer and their preferences using data analysis software. This has improved hotels’ ability to build loyalty among their customer base.

15. Greater Accessibility

The evolution of technology has resulted in more accessibility amongst employers, employees and customers. Now, they are not restricted to working in offices alone. They can work from anywhere in the country, as they have internet access in remote workspaces and can access files using cloud technology or business portals. Meetings are now being held using conference apps like Skype, thereby increasing productivity and saving time.

16. Tech Tools

There are many technological tools being used by SMEs. This has greatly influenced their viability and productivity, while also reducing the time that they spend on administrative tasks. They are able to use these tools to promote their business and generate new leads.

17. Mobile Banking

SMEs don’t have to waste time anymore by traveling to the nearest bank for their financial transactions. Mobile banking is faster and more convenient, so it has resulted in increased productivity.

18. Analyzing the Competition

SMEs have been able to analyze their competitors and track them better using the internet. This has resulted in improved performance, as they strive to outperform their peers in a similar business and stay ahead of the race.

19. Predicting Behavior

Analytics have also been used for predicting consumer behavior. This has made SMEs more proactive, thereby giving them a competitive edge. For instance, 47 percent of manufacturing firms use Big Data analytics to improve their competitive advantage and performance.

20. Low Cost Solutions

Finally, SMEs are now starting to experiment with different apps. These are able to offer them low-cost business solutions, thus increasing their profitability. SMEs who have taken the plunge into such exciting and innovative technological advancements have seen that it has benefitted their businesses by saving costs, reaching more customers and enhancing customer experience.

21. Hiring Talent

Technology has also made it easier for SMEs to hire the right and suitable talent for the enterprise. This has resulted in growth acceleration, by making use of various career-centered websites like LinkedIn to find a suitable candidate.

Wrap Up

It is very clear that there is a definite and direct relation between the adoption of new technologies and SME growth. Technology has become a sine qua non and has driven tremendous growth to businesses by offering them a new wave of advancement.

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100 Instagram Captions You'll Want To Use Right Now

Quotes, lyrics, sayings, and other ideas for Instagram captions!
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When it comes to Instagram we are often thinking about what to use as a caption for our photos that we take that we really want to post on Instagram. Sometimes we post the photo without a caption and sometimes we just use an emoji because we're stumped on finding a good caption to use for the photo. So we go the short route and just put an emoji as a caption for our photo. Well whether it is a selfie, a friend pic, group pic, or just need a caption for the photo, here are 100 captions to use for a photo. Some are lyrics, some are quotes, and some are just a quick caption to use on your photo. Also here are some accounts that are worth following:

-@brandonwoelfel

-@tess_and_sarah

-@brandymelvilleusa

-@goldenretrievers_

-@cats_of_instagram

-@zodiac.signs

-@thegrilledpineapple

-@jazzjennings_

-@chipper_thegolddog

-@llauratheleo

-@heyshalice

-@sailorhaley

-@sandcloudteam

-@photosabss

-@sharkbaitblond

Here are Quotes To Use As A Caption/ Lyrics To Use As A Caption/ Quick Little Sayings To Use As A Caption: for your Instagram photo that you wish to post!

1. Life goes on, with or without you.

2. Don't Worry Be Happy! Bob Marley

3. Be Happy.

4. Be Confident.

5. Be Positive.

6. Don't be a liar, everyone hates a liar.

7. Chillin' with my peeps.

8. Go big or go home.

9. What's the deal?

10. The most important thing is to enjoy your life – to be happy – it's all that matters.

11. Life is not a problem to be solved, but a reality to be experienced.

12. Life is a gift.

13. You couldn't handle me even if I came with instructions.

14. Forgive, yes. Forget, never.

15.There's a hole in my heart where you used to be.

16. I don't need any part-time people in my life.

17. Get the gist.

18. Boy, it's the 21st Century, get with the program.

19. Hey, I just met you, this is crazy!

20. I woke up like this.

21. Keep smiling because life is a beautiful thing and there's so much to smile about.

22. Beauty is power, a smile is its sword.

23. Last day of class!

24. I donut care!

25. Got my donut and coffee today.

26. Happy as a clam

27. Beach days are the best!

28. A friend will always make you smile, especially when you don't want to…

29. Always classy, never trashy, and a little bit sassy.

30. If only we could turn back time...

31. With you, I forget all my problems. With you, time stands still.

32. Life's a climb, but the view is great.

33. "Ohana, means family, family means no one gets left behind or forgotten." — "Lilo & Stitch"

34. We come to love by not finding the perfect person, but by learning to see the imperfect person perfectly.

35. If I ever write a story about my life, don't be surprised if your name appears a billion times.

36. She's got that red lip, classic thing going on.

37. I don't know what's tighter, our jeans or our friendship!

38. Best friends make good times better and hard times easier!

39. Not sure what I did to deserve you as my best friend :)

40. I don't need your approval to be me.

41. So call me? Maybe?

42. "I am who.I am, I am what I am, I do what I do and I ain't never gonna do it any different. I don't care who likes it and who don't." — Buck Owens

43. Take me as I am, or watch me as I go.

44. "Kiss me under the light of a thousand stars." — Ed Sheeran

45. Cause you're a sky full of stars — Coldplay

46 . I keep dancing on my own — Calum Scott

47. Can't keep my hands to myself — Selena Gomez

48. I just want to look good for you — Selena Gomez

49. Kill em with kindness — Selena Gomez

50. I am not perfect. I make mistakes. But when I say sorry… I mean it!

51. Me? Weird? Please! I am limited edition!

52. Turn that frown upside down.

53. Smile, it's the best thing a girl can wear!

54, Stay true.

55. Laughing is the best medicine you can ever get!

56. "You're the king, baby I'm your queen." — Taylor Swift

57. Best Friends Forever!

58.Throwing it back to the good ole days!

59. Ugg Life.

60. I know you like, first-name-basis.

61. *Sends selfie to NASA cuz I'm a star*

62. Basic white girl.

63. Frisky Friday!

64. My thoughts are stars that I cannot fathom into constellations. — "The Fault In Our Stars"

65. "Maybe our okays will be our infinities." — The Fault In Our Stars

66. So hold onto me because I'm a little unsteady — Unsteady

67. This has got to be the best day of my life.

68. She's the beauty and he's the beast.

69. "All our dreams can come true if we have the courage to pursue them." — Walt Disney

70. "If you can dream it, you can do it." — Walt Disney

71. "Hakuna Matata, it means no worries for the rest of your days." — "The Lion King"

72. "The past can hurt. But the way I see it, you can either run from it, or learn from it." — "The Lion King."

73. "Remember you're the one who can fill the world with sunshine." — "Snow White and the Seven Dwarfs"

74 ."The flower that blooms in adversity is the most rare and beautiful of all." — "Mulan"

75. "You don't have time to be timid. You must be bold and daring." — "Beauty and the Beast"

76. "All it takes is faith and trust." — "Peter Pan"

77. "A little consideration, a little thought for others, makes all the difference." — "Winnie the Pooh"

78. "If you focus on what you left behind, you will never be able to see what lies ahead." — "Ratatouille"

79. "Life isn't about finding yourself. Life is about creating yourself." — George Bernard Shaw

80. "A true hero isn't measured by the size of his strength, but by the strength of his heart." — "Hercules"

81. "Life's not a spectator sport. If watchin' is all you're gonna do, then you're gonna watch your life go by without ya." — "The Hunchback of Notre Dame"

82. "The things that make me different are the things that make me ME." — "Winnie the Pooh"

83. "Giving up is for rookies." — "Hercules"

84. "Happiness is the richest thing we will ever own." — Donald Duck

85. "Change is good." — "The Lion King"

86. "In the end, it's not the years in your life that count. It's the life in your years." — Abraham Lincoln

87. "An unexamined life is not worth living." — Socrates

88. "Clouds come floating into my life, no longer to carry rain or usher storm, but to add color to my sunset sky." — Rabindranath Tagore

89. "The best and most beautiful things in the world cannot be seen or even touched, they must be felt with the heart." — Helen Keller

90. "The sky broke like an egg into full sunset and the water caught fire." — Pamela Hansford Johnson

91. "Put your heart, mind, and soul into even your smallest acts. This is the secret of success." — Swami Sivananda

92. "Today I choose life. Every morning when I wake up I can choose joy, happiness, negativity, pain... To feel the freedom that comes from being able to continue to make mistakes and choices. Today I choose to feel life, not to deny my humanity, but embrace it." — Kevyn Aucoin

93. "Nothing is impossible, the word itself says 'I'm possible'," — Audrey Hepburn

94. "Keep your face always toward the sunshine and shadows will fall behind you." — Walt Whitman

95. "My power's turned on, starting right now I'll be strong." — Rachel Platten

96. "Thousands of candles can be lighted from a single candle, and the life of the candle will not be shortened. Happiness never decreases by being shared." — Buddha

97. "Let your life lightly dance on the edges of Time like dew on the tip of a leaf." — Rabindranath Tagore

98. "I hated every minute of training, but I said, 'Don't quit. Suffer now and live the rest of your life as a champion.'" — Muhammad Ali

99. "Why don't you be you, and I'll be me." — James Bay

100. Life is like a camera, we focus on the positives and develop from the negatives.

Cover Image Credit: Pixabay

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Just Like Any Other Toxic Relationship, It's Time To Breakup With Your Phone

Our phones are our individual prisons and you need to free yourself.

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Cell phones. Ever wonder why they're called "cellular devices?" Well, the suffix "ular" means "relating to," or "resembling." And "cell," well, the first thing you think is a prison cell! So, cellular devices resemble a prison. We trap ourselves in them. We go behind the gate, close and lock the door, and throw away the key. We place our full identity in what we put on social media. We waste precious time scrolling through Facebook, Instagram, and Twitter. We send memes instead of talking to someone face-to-face. We Snapchat the people right beside us, instead of just talking to them.

You know when you're in a toxic relationship, everyone tells you to break up with that person. They're bad for you. They only hurt you. You're better than that. Our relationship with our phone is like that too. So, break up with your phone! You don't need that negativity, that comparison, or that judgment.

I'm a teenager. I'm supposed to be the one attached to my phone, right? Well, I'm the "odd" one who actually wants to see your eyes and not have our phones around when we talk. I hate how it's so accepted, and encouraged, to neglect the necessity of human, face-to-face conversations with words coming out of our mouths. Our thumbs move faster, and more frequently, than our mouths do anymore.

I wish there was a national day where all electronics were forbidden, making you go an entire 24 hours without them.

Eventually, after you go through withdrawal, you would come to love the world you so often ignore. I promise. This January, I took the whole month away from social media. Even taking away that part of phone use was eye-opening. The sky is pretty, the birds sing, people actually dress up. There's also this thing called the outdoors — it's really cool! I don't know, I'm just glad that I haven't caught the millennial-bug. It's contagious, so beware.

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