SETU Digital Economy

 Government Supports Available to Irish Companies The difficulties created by Brexit highlight the importance of the current system of government assistance from small and medium-sized businesses. SMEs can reorganize their cost bases and reprice their goods and services with the help of state-backed, reasonably priced, flexible finance in order to continue trading with the UK despite how weak the pound is. Strategic Banking Corporation of Ireland The Strategic Banking Corporation of Ireland's (SBCI) strategic goal is to provide Irish SMEs with efficient financial solutions that solve flaws in the Irish credit market. In addition, it aims to promote innovation and competition while ensuring the effective utilization of all EU resources. By using an on-lending mechanism, the SBCI avoids making direct loans to SMEs. Instead, it makes it easier for on-lenders (partner financial companies), to provide flexible, affordable credit to Irish SMEs. Irelands Strategic Investment Fund ISIF add...

  How Technology impacts Decision-Making for businesses Within a business, decisions must be made, and no matter how straightforward or complex these decisions are, they must be consulted for a business to run smoothly. Utilizing technology can make your job as an executive easier by ensuring the ongoing functioning and growth of the company. Technology makes information available to all decision-makers, speeds up workflow, and boosts effectiveness. Technology also gives department managers the chance to communicate with their teams more effectively and execute choices while updating staff on how to complete activities that will benefit the organization. Data Collection Data collection can be accelerated by technology to aid business managers in making more timely and efficient decisions. The business will be able to gather up-to-date sales data and make decisions based on this data by providing network links between customers and its main database. In addition, supply ch...

  What are some of the issues to consider in determining whether the Internet would provide a business with a competitive advantage? Although the IoT (Internet of Things) can aid businesses in boosting output, reducing expenses, introducing contemporary goods and services, and establishing new business strategies, there is also many issues that come with the utilization of the internet platform to gain a competitive advantage in the market. The adoption of IoT may require considerable integration and qualified personnel. Additionally, it frequently generates requirements for security and interoperability which refers to the ability of various computer systems and applications to "speak" to one another. Security Security and confidentiality issues become crucial considerations for all internet businesses. Millions of dollars are spent annually on security measures to guarantee the security of transactions and the comfort of customers making purchases online. Beyond routine...