UK SMEs using technology to overcome their fears , DigiTech Geeks Mobile Computing News
UK SMEs using technology to overcome their fears UK SMEs feel positive about the economy and their strategies for the future despite facing a host of challenges in 2019 according to a new study from American Express conducted by Oxford Economics. The research, which is conducted annually among senior executives and decision-makers in SMEs across 15 countries, shows that UK SMES are remaining resilient even when faced with old and new business challenges. Of those surveyed, over two thirds (64%) forecast policy, legal and regulatory changes as the greatest threat to SMEs in 2019 followed by economic uncertainty surrounding Brexit and trade relationships . Cyber and data security is an emerging treat to UK businesses and 31 percent ranked it in their top three external business threats this year compared to only 11 percent last year. Revenue growth may be the most important long-term objective for UK SMEs but organisations have scaled down their profit projections for the year ahead