Role of Information Technology in Sri Lankan SMES

Abstract

Small and Medium-sized Enterprises are widely regarded as an important component of both developed and emerging nations. They are especially crucial for developing economies such As Sri Lanka, as SMEs contribute greatly in reducing poverty through job creation. While businesses and enterprises continue to undergo significant changes, information technology has a very significant impact in most businesses and all aspects of the economy. This study is helpful for comprehending the various functions of SMEs in which entrepreneurs employ information technology and E-Commerce platforms. The study is significant because it identifies the influencing factors that lead to the implementation of information technology in a business, Government Policy Interventions and Strategies to Adapt Modern Appropriate Technology, utilizes advantages and Drawbacks of Information Technology Adoption in Small and Medium-Sized Enterprises. The study is beneficial for gaining a better understanding of the impact and contribution of information technology and e-commerce to overall business performance.