International Journal For Multidisciplinary Research

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Technology Adoption and Digital Transformation in Small Businesses: Trends, Challenges, and Opportunities

Author(s) Md Omar Faruque, Saddam Nasir Chowdhury, Md. Golam Rabbani, Nure Alam Khan
Country United States
Abstract Small and medium-sized enterprises (SMEs) are at the forefront of digital transformation and technology adoption, which entails the integration of digital technologies to transform operational procedures, elevate customer satisfaction, foster innovation, and increase competitiveness. Notwithstanding the presence of distinct obstacles such as limited technological knowledge, inadequate financial resources, inadequate digital infrastructure, and shortages of skilled personnel, small and medium-sized enterprises (SMEs) have the potential to accrue considerable advantages from digital transformation. Digital transformation empowers small and medium-sized enterprises (SMEs) to achieve sustainability, competitiveness, and customization in their offerings (Philbin et al., 2022). The incorporation of digital technologies is imperative in order to attain sustainable development, which encompasses social, environmental, and economic dimensions. Adoption, nevertheless, is frequently impeded by a dearth of comprehension and strategic direction (Philbin et al., 2022).
Keywords TECHNOLOGY, ADOPTION , DIGITAL TRANSFORMATION , SMALL BUSINESSES,TRENDS, CHALLENGS
Field Business Administration
Published In Volume 6, Issue 5, September-October 2024
Published On 2024-10-23
Cite This Technology Adoption and Digital Transformation in Small Businesses: Trends, Challenges, and Opportunities - Md Omar Faruque, Saddam Nasir Chowdhury, Md. Golam Rabbani, Nure Alam Khan - IJFMR Volume 6, Issue 5, September-October 2024. DOI 10.36948/ijfmr.2024.v06i05.29207
DOI https://doi.org/10.36948/ijfmr.2024.v06i05.29207
Short DOI https://doi.org/g8pnns
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