SMEs plan to go hi-tech

Businesses invest in technology amid disruption and government support

SMALL and medium enterprises (SMEs) in Malaysia plan to invest more in technology in order to succeed under increasingly challenging conditions.

According to findings of the Asean SME Transformation Study by United Overseas Bank (UOB) and Dun & Bradstreet, 65% of Malaysia’s SMEs will focus their investments on technology over other fixed assets in 2018 to drive business performance and remain competitive. This echoes the direction of other Asean SMEs where three in five (60%) prefer technology over investments in assets such as factories and machinery.

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