SMART TECHNOLOGY AND SUSTAINABILITY OF SMES IN ANAMBRA STATE, NIGERIA

Abstract

The integration of smart technology has become increasingly vital for the growth and competitiveness of businesses, particularly SMEs in Anambra state. This study explored the role of smart technology and sustainability of Small and Medium Enterprises (SMEs in Anambra State. It highlighted the benefits of integrating smart technology, such as advanced connectivity, automation, and data analysis, in enhancing operational efficiency, decision-making, and market reach. The study applied qualitative research approach using thematic analysis of which a descriptive research design was used to gain an in-depth understanding of the subject matter. Convenient sampling techniques were employed in selecting 10 participants for the interviews.  All interviews were transcribed verbatim and uploaded into MAXQDA Analytics Pro 2020 (qualitative data analysis software). The coding scheme was systematically applied to all transcripts through multiple close readings of the data. Both semantic/explicit content and latent content requiring interpretative analysis were captured by the codes. The study found that the integration of smart technology is crucial for the growth and sustainability of SMEs in Anambra State, Nigeria. Smart technology can enhance SMEs' operational efficiency, decision-making, and market reach, contributing to their innovation, competitiveness, and long-term success. The study concluded that there is need for SMEs in Anambra State to embrace smart technology as a catalyst for innovation, competitiveness, and long-term success. The findings of this study will provide valuable insights for creating a more supportive environment for SMEs, enabling them to contribute effectively to sustainable development in the state.