How Technology Is Transforming Small Business

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6th November 2009, 01:13pm - Views: 798





How technology is transforming small business


Small and medium-sized businesses are being radically transformed by technology, and

cheap and free web tools, allowing them to compete on a global level.


“Technology is having a massive impact on the way small or mid-size enterprise (SME) is

driven. Everything is effected, from how they take payment, how they talk to customers and

even – sometimes controversially – giving them the power to outsource,” says futurist and

entrepreneur Ross Dawson.


It is a new world that leading entrepreneurs such as Nudie founder Tim Pethick and BRW

Young Rich list entrepreneur Suzi Dafnis know well. They will be amongst other SME

experts sharing their knowledge of this emerging world with hundreds of representatives of

SMEs in Sydney on December 1.


“Now business owners are finding that the success of a small or mid-sized enterprise (SME)

is driven by technology more than almost anything else.”


According to Dawson there are six key ways technology is changing the very nature of how

smaller companies operate today.


1. Findability

Customers look for and find businesses in very different ways than just a few years ago.

Search engines, recommendations from friends on social networks, and online services

exchanges are now how most companies are found. Marketing has completely changed.


2. Customer communication

With over six million Australians on Facebook and usage of other social media soaring,

communicating with customers is shifting from to email marketing and beyond. The

companies in the vanguard are building the most powerful customer relationships.


3. Productivity

Email and mobile phones have made us far more productive but also are in danger of

overwhelming us. New online tools, such as Australia’s global success story

RemembertheMilk.com, are helping to make business owners and staff far more efficient.


4. Collaboration

With staff working flexible hours, often from home or in their cars, the ability to keep on the

same page is critical. Technology allows easy coordination of far-flung teams working

closely together.


5. Outsourcing

Anyone can tap talented workers from next door or anywhere on the planet. Outsourcing

used to be the domain of banks and telcos, now any company can outsource personal

assistants, graphic design, research, or a million other tasks around the world.


6. Online revenue

With Australians expected to spend over $20 billion online this year, virtually every company

is shifting their attention to how they can sell products and services on the Internet. It is a

level playing field, where small can readily trump mega-business.


About SME Technology Summit


Australian SMEs will gather at Bicentennial Park, Sydney for the SME Technology Summit

on December 1.


About Ross Dawson


Ross Dawson is globally recognised as a leading futurist, entrepreneur, keynote speaker

and best-selling author. He is chairman of three companies, including The Insight Exchange,

organiser of SME Technology Summit. He speaks all over the world on the future of

business, with recent media appearances including ABC TV, USA Today, New York Times

and The Guardian.


Interviews and media passes

To request an interview with Ross Dawson or any of the speakers at SME Technology

Summit 

OR

To apply for a media pass to SME Technology Summit


Contact:

Jess Nelson

Communications Manager

The Insight Exchange

jessican@theinsightexchange.com

02 9994 8980

0403 230 950







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