The Benefits of Digitization for Small and Medium Enterprises

Carmen Mariana Codreanu ()
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Carmen Mariana Codreanu: Associate Professor Ph. D., “Petre Andrei†University of Iasi, Romania

Anuarul Universitatii „Petre Andrei” din Iasi / Year-Book „Petre Andrei” University from Iasi, Fascicula: Drept, Stiinte Economice, Stiinte Politice / Fascicle: Law, Economic Sciences, Political Sciences, 2021, vol. 28, 100-106

Abstract: Digital technologies are awaited to have an enormous influence on developing countries’ forecasts for economic growth. Digitization will remodel business activities in many directions. Many organizations and services have remained unlocked during COVID-19 by embracing new concrete distancing practices and technology to maintain their business running and their workers secure. The SME sector is essential to economies around the globe. With normality and revival from the pandemic in sight, it is more important than ever for SMEs to highlight from opponents, be as efficient and successful as possible and provide help to the country’s economic recovery. The devices and technology available now can assist to reduce costs, grow effectiveness and grow appearance. By projecting a digital transformation journey and using the first measures to develop a business by inserting in place simple but efficient digitalization devices, SMEs can help future-proof their offering and establish flexibility for years to arrive.

Keywords: digitization; digital technologies; covid-19 pandemic (search for similar items in EconPapers)
JEL-codes: M1 (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:lum:rev11d:v:28:y:2021:i::p:100-106

DOI: 10.18662/upalaw/70

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