CMIT Solutions: Small Business Segment's Continued Growth Will Hinge on Technology.AUSTIN, Texas -- In the next decade, small businesses will continue to flourish -- and technology will be a huge factor fueling that growth, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the 2007 Intuit - IFTF IFTF Institute For The Future IFTF International Fur Trade Federation IFTF Inter-Faith Task Force IFTF Inter Frame Time Fill Future of Small Business Report. The report states that small and mid-sized businesses (SMBs) will face increasing competitive pressure to embrace new technologies or risk losing market share to more technology-savvy firms. "You can't hide from technology anymore. These days, businesses need to stay on the technological cutting edge just to keep up with their competitors," said Jeff Connally, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of CMIT CMIT Commercial Market Information Technology CMIT Coherent Moving Target Indicator CMIT Configuration Management Interoperability Test Solutions, a provider of technology and IT services to the local SMB market See SMB. . "Our objective has always been to give small business owners the technology they need to keep their business successful at an affordable price." According to the Intuit - IFTF Future of Small Business Report, three technology trends will shape the SMB market over the next decade: * Mobility - Advances in technology will allow greater flexibility around when, where and how work is done, allowing small business managers to run their businesses on their time and on their own terms. * The Web - Leveraging emerging digital infrastructure and Web services (1) Loosely, any online service delivered over the Web. Such usage appears in articles from non-technical sources, but not in IT-oriented publications, because definition #2 below describes the correct use of the term. will extend the ability of small businesses to build complex online applications and create, communicate and share information. * Customer Acquisition 24/7 - Small businesses will need to shift their marketing methods to provide customers and prospects with the right information, in the right context, at the right time. A growing population of small, technology-reliant businesses has entered into managed services An umbrella term for third-party monitoring and maintaining of computers, networks and software. The actual equipment may be inhouse or at the third-party's facilities, but the "managed" implies an ongoing effort; for example, making sure the equipment is running at a certain quality contracts with CMIT Solutions, fueling its expansion. "As the SMB market grows, we do too. Their need for IT support is greater because they are typically slower to adapt to new advances," Connally said. The Intuit - IFTF Future of Small Business Report is a research project designed to identify, analyze and forecast the significant trends and forces impacting small business over the next decade. It is distributed in three phases, with the third phase due out in early 2008. The next report will be issued in 2017. For more information on CMIT Solutions, visit www.cmitsolutions.com. |
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