News (2430)
Army Unveils Second Catalyst Program to Invest in Small Business Tech Projects
The U.S. Army has launched the second iteration of a Small Business Innovation Research program to accelerate the development and deployment of next-generation warfighting technology to military personnel. The Army SBIR Catalyst initiative will select five small businesses in fiscal year 2024 to receive contracts worth up to $75 million to advance prototype development, testing and transition efforts, the service branch said Tuesday. Eligible small businesses must have fewer than 500 employees and must have been in operation for at least one year.
Read more...Small Businesses are Turning to AI to Survive the Challenging Economy
Verizon's annual State of Small Business Survey has found that small businesses are turning to Artificial Intelligence (AI) to survive the current economic climate. The survey was conducted with over 2,000 small business owners and found that over half of the respondents are using AI to increase efficiency and reduce costs. Additionally, the survey found that the majority of small businesses are looking to AI to help them better understand customer needs and preferences. The survey also revealed that small businesses are increasingly looking to AI to help them automate mundane tasks and gain insights into customer behavior.
Read more...20 Tips to Keep Your Small Business Secure From Cyber Threats
Small business owners cannot overlook cybersecurity, as a data breach at a small business is likely a catastrophe. Fortunately, there are simple, affordable steps and resources that can help even the smallest business harden its cybersecurity posture. 20 industry leaders from Forbes Technology Council have shared their advice to help small-business owners begin the ongoing work of managing cybersecurity. Tips include prohibiting access to personal apps and non-business sites, using two-factor authentication, and investing in cybersecurity insurance.
Read more...SMBs Ready to Take Advantage of Automation and AI
A recent study from airSlate, a leader in document workflow automation solutions, has revealed that small and medium-sized businesses (SMBs) are ready to embrace automation and artificial intelligence (AI) to scale and compete in the current business landscape. The survey of 1,000 U.S. SMBs, conducted by Propeller Insights on behalf of airSlate, showed that SMBs are looking for purpose-built and cost-effective tech solutions to optimize their operations. Respondents ranked business productivity solutions, such as document workflow automation and esignature tools, as the most pressing technology needs. The study suggests that investing in the right business technology solutions and streamlining an unwieldy tech stack are essential to an organization becoming more productive.
Read more...How Businesses Can Leverage Technology
Businesses of all sizes are preparing for a potential recession or economic slowdown. The possible downturn comes on the heels of three years fueled by pandemic pricing, rising inflation, a tight labor market, supply chain issues, and layoffs. While navigating these issues has been nothing short of extraordinary, maintaining business continuity and propelling growth results from smart business decisions. When business slows down during an economic downturn, smart leaders take this as an opportunity to prepare for the future when business returns to normal. Rather than sitting back or scaling down, companies that survive and thrive do so because they use this time to improve and enhance their business offerings.One key factor in business success is leveraging technology to create efficiencies, support cybersecurity, streamline processes, and improve the customer experience. But how can leaders prioritize tech when their minds are on other aspects of business health and management? By understanding the crucial role of tech in modern society.Whether processing payments, training employees, or sharing information, businesses must understand the importance of technology and how it can help them succeed in the long run.
Read more...Small Business Owners in Pennsylvania Now Have Access to Owners Bank's Offerings
Owners Bank, a digital bank created by Liberty Bank of Middletown, Connecticut, announced that their offerings are now available to small business owners in Pennsylvania. The bank's products and services are designed to meet the unique needs of small business owners, who often lack the resources necessary to succeed. Through this expansion, small business owners in Pennsylvania can now access the bank's digital tools and offerings, such as loans, checking and savings accounts, credit cards, and a suite of apps to make managing a business easier. According to a survey, 84% of small business owners are frustrated with the performance and support of their current bank.
Read more...Small Tech Companies Thriving in the Hybrid Work Era
The rapid advancement of technology has had a major impact on how businesses operate, and the Human Resources (HR) department is no exception. Small tech companies are particularly well-suited to the hybrid work era, which requires the seamless combination of remote and in-office work. To succeed in this new environment, these companies must be aware of the latest HR tech trends that can help them attract, retain, and manage top talent. Remote work tools are essential for collaboration, and HR teams must also be familiar with employee engagement software, performance management tools, and other innovative solutions.
Read more...Cloud-Enabled Tech Could Unlock Productivity Gains for Small Biz
According to a report released by Amazon Web Services (AWS), small businesses in India that embrace cloud-enabled technologies could unlock up to Rs 1.6 trillion in annual productivity gains by 2030. The report also states that this could lead to 45.9 million jobs being created across healthcare, education and agriculture sectors, representing 9 percent of total jobs in India. In May 2023, AWS announced a plan to invest USD 12.7 billion (over Rs 1 lakh crore) to expand India's cloud infrastructure by 2030 to meet growing customer demand in the country.
Read more...Free Cybersecurity Seminar
Local MSP TrueCore Technology is hosting an educational event on cybersecurity for small businesses in Cincinnati, Ohio. The seminar aims to provide small businesses with the tools and knowledge they need to protect their operations from cyber threats. The seminar will cover topics such as data security, malware protection, and other best practices for keeping small businesses safe from cybercrime.
Read more...The Cloud Revolutionizing Small Businesses
Many small businesses are taking advantage of cloud technology to improve their operations and remain competitive in the market. Cloud technology is becoming more accessible and affordable, and is expected to become a trillion-dollar industry by 2028. To remain relevant and improve growth, small businesses should consider adopting cloud technology. Cloud transformation involves using cloud technology to transition significant areas of a business in order to add benefits offered by the software or technology to the business. Core operational ways cloud technology is affecting small businesses include improved efficiency, flexibility and resilience.
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