Led by the South African Department for Business Development
The industrial revolution in the 1800S brought about fundamental changes through the introduction of machinery in key economic sectors such as manufacturing and transportation. Today, the digital technologies are one of the most important sources of growth for national economies. Today technology has reshaped how businesses traditionally operate. New technological developments speed up and improve the way new innovative products and services are conceived, developed, produced and accessed. Digital technologies assist to re-shape value chains, sharpen market intelligence, improve efficiency, reduce time-to-market and increase customer satisfaction. In addition, with the aid of technology, SMEs are able to reach a wider global market and talent pool instantly. Technology in the Digital Age, enable's SME's to develop and bring innovative products and services into the market much faster than before. The continuous introduction of new systems and technology require SMEs to be well positioned in order to manage and implement new technology in their business and thrive in the digital age.