Investment in technology is the number one priority for small and medium sized businesses in the next 12-months, according to new research from Cynergy Bank.
The study surveyed 500 senior decision makers at SMEs in November last year.
The research found that technology was the top area smaller companies are looking to invest in, with 34 per cent of SMEs identifying it as a number one priority.
“As companies look to bolster their digitally enabled product offering, it’s no surprise that technology investment is a priority for SMEs,” said Nick Fahy, chief executive at Cynergy Bank.
33 per cent said that investing in people, hiring, promotions, and training was their top priority, whilst a further third of respondents said that they would be looking to grow existing product lines in the next year.
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