Digital Economy Blog - SETU

A Growth Driver for Small Businesses Small businesses need every advantage they can get in the competitive marketplace of today. Cloud-based analytics is among the strongest tools now in use. This technology makes powerful data insights available to even the tiniest firms by enabling them to gather, store, and analyse data without the need for costly infrastructure. Cloud-based analytics empowers small businesses to make data-driven, well-informed decisions that spur expansion and enhance productivity. The process of analysing data using tools and platforms housed in the cloud is known as cloud-based analytics. Through the internet, firms can use analytics solutions instead of utilising complex software installs and local servers. These platforms give users the ability to collect, analyse, and analyse data in real time from a variety of sources, providing insights into everything from operational effectiveness to customer behaviour. Benefits of Cloud-Based Analytics for Small Businesse...

A Scalable Solution for Growing Businesses As they grow, small and medium-sized businesses (SMEs) encounter many difficulties, from budgeting to operational simplification. With capabilities to integrate essential company activities like accounting, inventory management, and customer interactions that are flexible, inexpensive, and scalable, SaaS ERP (Software as a Service Enterprise Resource Planning) solutions are transforming the way small and medium-sized businesses (SMEs) operate. SaaS ERP is cloud-based software that provides ERP systems online through subscription-based internet access. SaaS ERP is perfect for SMEs because it offers enterprise-level functionality without the high cost associated with traditional ERP systems, which demand significant upfront investments in hardware and software. Key Benefits for SMEs Cost-Effective: SMEs can avoid high upfront expenditures by using a pay-as-you-go strategy. Updates and maintenance are handled by providers, which eliminates the n...

  A Cashless Future Unfolding Driven by worldwide shifts towards ease and security, as well as technological improvements, digital payment methods have drastically changed the way we exchange money. Global consumer behaviour and economies are being transformed by the digital payment revolution, which includes online payment platforms like PayPal and mobile wallets like Apple Pay and Google Pay . Key Drivers of Growth: Convenience and Speed: Digital payments do not require currency or physical cards, allowing for quick and easy transactions. Security: Digital payments are more secure than traditional ones because to enhanced encryption, biometric authentication, and tokenisation. Financial Inclusion: In neglected areas, like Africa, mobile payments, like the M-Pesa system , have given millions of people more power. Globalisation: Cryptocurrencies bring decentralised, international money, while digital platforms facilitate simple cross-border transactions. Government Support: Ind...

The Answer is YES ! The Southeast of Ireland  combines the five counties of Carlow, Kilkenny, Tipperary, Waterford, and Wexford, with a population of over 580,000. It  presents a favourable environment for technology enterprises, with a growing talent pool, lower operational costs, and strong support for innovation and research. Its closeness to Dublin and Rosslare Port, combined with the recent North Quays development in Waterford city, the intention to re-open Waterford airport for international flights and the region's excellent standard of living, makes it an excellent choice for businesses wishing to invest in a tech-friendly environment. A Growing Technology Hub: The southeast of Ireland has established itself as a desirable location for technology companies, particularly in the ICT sector. The area is home to nearly 6,000 ICT experts, who are backed by an increasing number of businesses and startups. According to Ireland South East (the website of the Ireland South Eas...