SMEs investing more in process innovations
Over the last few years, SMEs have been increasingly improving their technological processes through innovations. In some cases, though, this has led to a shortage of staff and funds for other innovations.
12 Apr 2019 Barbara RuschShare
This is the finding of the
According to the Bonn-based institute, in 2014, approximately 22% of SMEs optimized their internal technological processes; in 2016, this figure had risen to almost 26%. In the same period, however, the percentage of SMEs launching their product and service innovations on the market fell (2014: 33%; 2016: 30%). This could be attributable to the digitalization of production processes. The transition to Industry 4.0 appears to be taking up most of the human and financial resources available to SMEs for innovations.
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