05/12/2023
The Conference is an annual event that brings together leaders and experts in the IT service industry to discuss and share insights on how to evolve their companies.
SMB Statistics
After the conference, I reviewed my notes from the various sessions and came up with the following waterfall of facts that I found very interesting:
According to McKinsey, Small, and Midsize Businesses (“SMBs”) comprise a massive segment of the US economy, 44% of GDP, close to half of all employment, and half of the $370B in overall tech spending.
The shift of SMBs spending more on tech than large enterprises (examples: Online commerce, remote workers, cloud enablement, automation).
SMBs’ exposure to cyber-security threats is greater than it has ever been.
80% of cyber-attacks go after SMB Market
93% of all cyber incidents come through human error (ex. phishing, system misconfiguration).
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