According to an HP study on SMEs in Asia-Pacific, titled “Survival to Revival”, over half of SME owners expect not just to survive but thrive following the pandemic and feel that digital transformation will be a key part of this revival. Some 60 percent of over 1,600 SMEs surveyed earlier this year see digital transformation as key to innovation in work processes, flexible work options and customized products and services. However, cost effective solutions are required given that cash flow remains a top priority and SMEs are unclear where to look or what solutions are available. This is especially important as only four out of 10 SMEs have a department or person responsible for innovation. Lim Choon Teck, managing director of HP Vietnam, said most surveyed SMEs in Vietnam are confident about post-pandemic survival. Only one-third said the Covid-19 pandemic has affected their finances. The study provides HP with valuable insights about recovery strategies in order to offer practical help for SMEs. Completed in June 2020, the study surveyed SMBs across Australia, India, Indonesia, Japan, the Republic of Korea, Singapore, Thailand, and Vietnam. The study reveals that businesses most confident of bouncing back pay high attention to digital adoption. Across… Read full this story
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