as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
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what challenges do small businesses face when it comes to digital transformation?
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small businesses often face financial challenges associated with digital transformation, as they may struggle to find the resources to invest in new and advanced technologies. other challenges include the lack of technical expertise and the need to update or establish processes related to digital technology. additionally, small businesses might lack the infrastructure or access to data which is necessary for successful digital transformation.
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