Send us an email.

  • This field is for validation purposes and should be left unchanged.

Technology investment by SMEs on the rise

Research by Robert Half has found that almost two thirds of Chief Information Officers (CIOs) are turning to technology recruitment to feed the demand of new projects. In turn, Chief Financial Officers (CFOs) are allocating areas of the budget to purchase new software and systems to boost productivity and innovation.

“The majority of Australian businesses are small to medium in size, and this is currently the most active sector for new projects. SMEs are nimble and flexible, and can adapt more readily to the economy”, commented Robert Half Director Andrew Brushfield.

“Technology is no longer perceived as a cost centre, but rather a vehicle to improve productivity and drive revenue gains”, added Mr Brushfield.

SMEs are currently investing in technological software to improve and streamline a vast range of business operations. In the current global market, running a business can greatly benefit from adopting a range of helpful software such as customer relationship management systems. With the growth in technology use within SMEs, it is no longer uncommon for the CIO and CFO to work collaboratively and on the same level.

With an increasingly digital landscape in international trade and commerce, businesses need to maintain a competitive advantage through excellent IT skills.

This is particularly important for retail profits from sales in Australia, as the eWAY Q1 2015 Online Retail Report found that the e​-commerce sector is outperforming its bricks and mortar counterpart. There has been a 22 per cent increase in transaction volumes in Q1, compared to the previous corresponding period.

As a result of the importance of savvy websites and efficient IT systems for processing online sales, the demand for IT staff is on the rise. If businesses are currently thinking about employing IT professionals, there are useful legal services online such as digital libraries of employment law documents and service contracts. Moreover, commercial lawyers can help SMEs with a range of technology-relevant activities such as managing storage of personal information, privacy policies, responding to cyber-attacks or drafting consumer use policies for their e-commerce sites.

by