Digital Transformation: What Does It Mean for Small and Medium-Sized Businesses?
Small and medium-sized businesses (SMBs) are the lifeblood of the economy: according to Deloitte, companies with fewer than 500 employees represent 99.7 percent of all businesses in the U.S., and employ 48 percent of the private workforce. Yet despite their sheer numbers, SMBs don’t have access to the power, budget, and resources that larger organizations can wield, particularly when it comes to digital transformation.