Providing access to financial instruments is essential for implementing roadmaps aimed at digitalizing small and medium enterprises (SMEs), according to Fariz Jafarov, Director of the Center for Analysis and Coordination of the Fourth Industrial Revolution (4SIM).
Report informs that speaking at the presentation of the "SME Digitalization Program," Jafarov highlighted the findings of a joint study by the World Economic Forum and McKinsey & Company, which revealed that approximately 71% of organizations worldwide have failed in their digitalization efforts due to the absence of a roadmap.
"Only 26% of organizations have successfully transitioned to the next stage and digitalized some of their business processes," he noted.
Jafarov emphasized that access to financial mechanisms is a key factor in executing digitalization roadmaps.
He further stressed the significance of the SME Digitalization Program in conducting initial assessments of companies and identifying their future needs for digital tools.