'Genuine appetite' for digital transformation among SMEs

New research has found that there is a strong appetite for digital transformation among small businesses.

LeanBPI, a digital growth consultancy for SMEs, in partnership with the Local Enterprise Office (LEO) Network, surveyed owner-managers across the country to determine their digital fitness level.

The study found that 87% of those surveyed said the digital technology that they used significantly enhanced their productivity, and 60% said they were satisfied with the digital tools they were currently using.

Nearly two-thirds cited relationships with customers, employers and peers as the main reason for adopting digital technology.

The report, "Exploring Technology Readiness of Irish Small Businesses", was launched with Dara Calleary, the outgoing Fianna Fáil TD.

"Small businesses and microenterprises are of huge significance to the Irish business sector," Mr Calleary said.

"It is very encouraging to see the enthusiasm that these organisations have for adopting digital tools, driven by government supports.

"Knowing that through them, even businesses with only a handful of employees see digital transformation projects as realistic goals gives us confidence that the sector is ready to embrace the future".

Chairperson of the LEO Network John Magee said the report highlights that there is a genuine appetite among small businesses for digital transformation.

"While small businesses face constant challenges, there is relevant and practical support available from their Local Enterprise Office," Mr Magee said.

John O'Shanahan, managing director of LeanBPI, said there is a strong desire among SMEs to seize the opportunities transitioning into the digital world brings.

"By collaborating strategically with all stakeholders and building on existing supports, we can help Irish entrepreneurs realise their businesses' full potential," he said.