Title

Studying the Current Status of Technology Adoption

Document Type

Article

Comments

Published by the Association for Computing Machinery in Communications of the ACM, volume 49 issue 10, 2006. Bryant users may access this article here.

Abstract

Small and medium-sized enterprises (SMEs) are important to the U.S. economy,particularly to the high-tech sector. SMEs employ approximately half of all private sector employees, generate 60% to 80% of new jobs annually, and employ approximately 40% of high-tech workers such as scientists, engineers, and computer workers [8, 11]. Further, SMEs play a critical role in nurturing industrial innovation, constituting 40% of highly innovative firms in 2002 [9]. SMEs also play a significant role in enhancing the competitiveness of an economy through the process of economic renewal by creation, elimination, and restructuring of economic sectors. Technology has been a critical factor in enabling SMEs to play this regenerative role in the U.S. economy.