Encouraging digital technology adoption among SMEs

Going digital: Business practices such as accounting standards and funding has to change to raise digital technology adoption, notes Yeoh (centre). Looking on are Chai (left) and Tai.

ALTHOUGH there are ongoing efforts to push SMEs to go digital, the lack of a concerted drive to change the paradigm across the business ecosystem may hinder digital technology adoption among small businesses.

SME Association of Malaysia national deputy secretary general Spencer Yeoh notes that a lot of the standards in the industry are still based on brick-and-mortar businesses.