Four young scientists, accompanied by Eskom Expo’s Business Manager, Mmamoloko Rancia Riba, won their place to represent the country at the Indonesia competition, renowned…
Empowering SMEs in 2024: The Digital Revolution
In the dynamic landscape of 2024, the triumph of Small and Medium Enterprises (SMEs) lies in embracing digital transformation as an essential strategy. Digitalization is not merely advantageous but a fundamental requirement for sustainable economic growth, emphasizing the urgency for SMEs to make it a top priority.
An empowered SME sector is vital for economic development, and the digital era promises growth opportunities for these businesses. Digitalization offers smaller enterprises the flexibility to expand their horizons, transforming operations with newfound agility. The increasing adoption of digital payment solutions in South Africa adds substantial value to business operations. According to the 2023 SME Confidence Index, 64% of local SMEs foresee a positive impact of e-commerce on their business.
Tackling Digital Challenges
Acknowledging the need for comprehensive digital solutions, Tarsus introduced Digital on Demand (DOD), committed to educating and accelerating the digitalization journey for SMBs across Africa. The Digital Business Hub, a cloud-based platform, provides tailored solutions to address common challenges faced by businesses leveraging technology.
A Tailored Digital Roadmap
SMEs often grapple with identifying a starting point for their digital transformation. Recognizing this challenge, Digital On Demand offers a customized roadmap aligned with the unique needs and future aspirations of each business. In an era where digitalization is not a competitive edge but a prerequisite, Tarsus emphasizes the urgency for SMEs to initiate their digital journey promptly.
The Advantage of Digital Native
Digitalization is no longer a competitive edge; it’s a necessity. Businesses planning to build new ventures in the coming year must prioritize becoming digitally native. This involves establishing automated processes from the outset to gather valuable data—the lifeblood of the digital world.
In 2024, the focal point is the convergence of artificial intelligence (AI) and machine learning. SMEs can leverage these technologies to scale without escalating personnel resources and overhead costs. Far from being a threat, AI presents an opportunity for SMEs to grow sustainably and cost-effectively.
Growth Opportunities
Micro learning and sustainability emerge as pivotal growth opportunities in 2024. Micro learning emphasizes continuous learning over formal certifications, focusing on skill sets and knowledge bases. Embracing sustainability aligns businesses with the values of modern consumers, influencing purchasing decisions.
Tarsus on Demand envisions leading the African digital narrative for SMEs, fostering seamless transformation, growth, and innovation. The impact of SME digitalization extends beyond individual businesses, promoting sustainable economic growth, inclusivity, and resilience against economic challenges.
