For many SMEs, knowledge is power. Their business – and competitive edge – depends on their knowledge of markets and their product. Businesses can protect some of their most strategic insights through trade secrets.
Category: Digitalisation
Where is tech train going and who’s at the wheel?
In Israel in the past two years, the leading companies in the tech sector were SMEs. From early-stage startups to growth companies, Israeli tech SMEs showed record breaking figures since COVID started.
Is culture really good for you? Impacts on well-being
The Covid-19 pandemic created a new normal of consuming culture from the couch. Policy makers must take advantage of the great re-opening to expand participation and create equitable access to culture. Where do they start to improve well-being?
Wie kmu besser vor cyberangriffen geschützt werden können
Autobauer gezwungen, in Japan die Produktion von fast 13 000 Fahrzeugen auszusetzen. Jedes Jahr verursachen solche Cyberattacken weltweit Kosten von bis zu 6 Billionen US-Dollar, Tendenz steigend.
Is financial diversification the key to SME resilience?
Small and medium-sized enterprises (SMEs) and entrepreneurs were hit extremely hard by the COVID-19 pandemic. To invest in growth and greening and play a full part in the recovery, we need to enable them to tap into alternative financial instruments.
Shielding SMEs – how to boost their defence against cyberattacks
Cyberattacks can spell disaster for businesses of all sizes, but especially smaller firms. The median cost of a ransomware attack can amount to up to USD 1.2 million, and up to USD 1.6 million in the case of computer data breach. Urgent action is needed to support SMEs in better preparing and managing digital security risks.
Reaching digital deserts – extending access to broadband has never been so important
In 2020, global Internet traffic was estimated to be more than 3 zettabytes – the equivalent of 325 million households watching Netflix simultaneously, at all times. By 2022, these flows will be 1,000 times greater than in 2002, 20 years earlier.
Empowering SMEs to drive a digital recovery
Es are the beating heart of the global economy. In Europe alone, there are 24 million small businesses, employing a total of 95 million people and generating €4 trillion a year. And yet, SMEs are still behind their larger counterparts in the integration of the digital tools that they need to increase productivity, scale-up and innovate.