The Impact of Technological Innovation on Small Business Growth in the Digital Economy

Abstract

Technological innovation performs a vital position in shaping the boom trajectory of small organizations inside the virtual economy. This examine examines the impact of technological innovation on small commercial enterprise boom, specializing in efficiency, purchaser enjoy, marketplace reach, and useful resource optimization. Through a comprehensive evaluation of literature and analysis of relevant case studies, this studies highlights how small businesses leverage modern technologies, consisting of automation tools, e-trade platforms, AI, and IoT, to decorate their competitiveness and adaptability. Despite challenges together with financial constraints and skill shortages, small agencies can capitalize on technological innovation to streamline operations, interact clients efficaciously, and extend their marketplace presence.