fbpx
PaymentsJournal
  • Analysts Coverage
  • Truth In Data
  • Podcasts
  • Videos
  • Industry Opinions
  • COVID-19
  • News
  • Events
No Result
View All Result
PaymentsJournal
  • Analysts Coverage
  • Truth In Data
  • Podcasts
  • Videos
  • Industry Opinions
  • COVID-19
  • News
  • Events
No Result
View All Result
PaymentsJournal
No Result
View All Result

Small Business Attitudes Towards Technology Are Changing:

PaymentsJournal by PaymentsJournal
August 26, 2020
in Small Business, Truth In Data
0
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

Don’t miss another episode of Truth In Data! Click on the red bell in the lower-left corner of your screen to receive notifications as soon as the episode publishes.

Data for today’s episode is provided by Mercator Advisory Group’s report – U.S. Small Businesses are Reeling as a Result of COVID-19

Small Business Attitudes Towards Technology Are Changing:

  • 6% more small businesses claim “keeping up with technology is critical”: 61% in 2020 vs. 55% in 2019. 
  • 6% more small businesses claim to be “trying to employ the latest technology”: 59% in 2020 vs. 53% in 2019.
  • 49% of small businesses claim they “try to keep up with bigger companies re: Tech” in 2020.
  • Small businesses also registered marginal increases in the use of social media, cloud computing, and security issues.
  • 35% of small businesses claim they don’t have the time to learn about new technology in 2020.
  • 40% of small businesses describe technology as a “distracting headache.”
  • 41% of small businesses claim that technology is too expensive.

About Report

Mercator Advisory Group’s new Insight Summary Report, 2020 Small Business PaymentsInsights, COVID-19 and B2B Payments & Cards – The Result of the Pandemic, reveals that U.S. small businesses have a much less positive view of the future than in previous years. The report is the first of three from Mercator’s annual Small Business PaymentsInsights Survey Series, a part of Mercator’s Primary Data Service. It is based on findings from Mercator Advisory Group’s online survey of 2,000 U.S. small businesses fielded in March and April 2020.

The report details the ways COVID-19 has changed small businesses and their outlook on the near-term future of their businesses. The report also provides insight into how small businesses bank and pay for goods and services, their banking relationships, how they view technology and their top business concerns.

“Small businesses have been hit hard by the pandemic. In many ways, more than their larger counterparts. Organizations that service small business have an opportunity to help these firms as they try to come out of the COVID crisis,” states the author of the report, Pete Reville, Director of Primary Data Services including Small Business PaymentsInsights Survey Series at Mercator Advisory Group.

Tags: CoronavirusCovid-19Small BusinessSMBSocial MediatechnologyTruth In Data
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

    Analyst Coverage, Payments Data, and News Delivered Daily
    Sign up for the PaymentsJournal Newsletter to get exclusive insight and data from Mercator Advisory Group analysts and industry professionals.

    Must Reads

    GIACT and Hudson Cook Breaks Down NACHA’s New Account Validation Rule

    GIACT and Hudson Cook Breaks Down NACHA’s New Account Validation Rule

    March 4, 2021
    Pandemic Accelerates Adoption of Contactless Technology on Public Transit

    Pandemic Accelerates Adoption of Contactless Technology on Public Transit

    March 3, 2021
    How Identity Verification is a Strategic Priority for Businesses in 2021

    How Identity Verification is a Strategic Priority for Businesses in 2021

    March 2, 2021
    Earned Wage Access is Table Stakes for Human Capital Management Providers

    Earned Wage Access is Table Stakes for Human Capital Management Providers

    March 1, 2021
    Can Banks Acquire Customers With Biometric Payment Cards?

    Can Banks Acquire Customers With Biometric Payment Cards?

    February 26, 2021
    Payments in 2021 and Beyond: Innovating in the New Normal and Why You Should Care about Security

    Payments in 2021 and Beyond: Innovating in the New Normal and Why You Should Care about Security

    February 25, 2021
    Why Pix is the revolution of consumer experience in Brazil

    Why Pix is the Revolution of Consumer Experience in Brazil

    February 24, 2021
    Why Are We Seeing a Fintech App Every Day?

    Why Are We Seeing a Fintech App Every Day?

    February 23, 2021

    Connect With Us

    • Advertise With Us
    • About Us
    • Terms of Use
    • Analysts Coverage
    • Truth In Data
    • Podcasts
    • Videos
    • Industry Opinions
    • COVID-19
    • News
    • Events

    © 2021 PaymentsJournal.com

    • Analysts Coverage
    • Truth In Data
    • Podcasts
    • Industry Opinions
    • Faster Payments
    • News
    • Jobs
    • Events
    No Result
    View All Result