The primary IT-related reasons contributing to the failure of small and medium enterprises (SMEs) often include a combination of factors:
- Inadequate IT Infrastructure
- Lack of IT Strategy and Planning
- Cybersecurity Vulnerabilities
- Poor Data Management and Analysis
- Ineffective Use of Cloud Services
- Lack of Skilled IT Personnel
- Resistance to Digital Transformation
- Dependence on Outdated Technologies
Addressing these challenges requires a strategic approach to IT investment, including a clear understanding of how technology can support and drive business objectives, a focus on cybersecurity, and an openness to adopting new technologies that align with the company’s needs.
