Small businesses embrace technology: 62% of owners say IT is key to growth
How’s this for a fun fact? More than 99% of all businesses in the United States are “small” by definition, employing fewer than 500 workers, according to the U.S. Small Business Administration. That adds up to a whopping 32.5 million businesses that employ 48% of the country’s workforce as of 2021.
Just sit with those numbers for a moment. Unless you work for the likes of an IBM or Microsoft, a Ford or Procter & Gamble, the odds are that you spend your professional hours each week at a small- to medium-sized business. These companies may garner far less attention than the corporate behemoths but, in fact, they constitute the backbone of the U.S economy.
Related Articles
- 3 Keys To Ensuring Your Technology Scales With Your Business
- How robots are taking over warehouse work
- AI and Navigating the Legal Landscape of Emerging Technology as a Business
- What Is Prompt Engineering? Definition, Elements, Techniques, Applications, and Benefits
- How AI Is Evolving Working Models: Stats And Tips From Global Experts