The future readiness of SMEs: PALO IT spotlighted at the WEF

The future readiness of SMEs: PALO IT spotlighted at the WEF

As a 2021 World Economic Forum New Champion, we're proud to be under the magnifying glass in the WEF's brand new whitepaper, Future Readiness of SMEs: Mobilizing the SME Sector to Drive Widespread Sustainability and Prosperity.

Developed in partnership with the National University of Singapore Business School, the University of Cambridge Judge Business School and the Entrepreneurs’ Organization, the recent study highlights how SMEs can take advantage of their size, their unique networks, their internal talent and innovative technology to make positive, sustainable growth occur internally and outwardly.

When it comes to the ESG realm, large corporations are often the focus, but SMEs contribute massively to the global economy, and social and environmental progress, as reported below:

WEF, WEF whitepaper, SME statistics, sustainable growth, ESG, PALO IT

Speaking at the WEF Sustainable Development Impact Summit panel on the Future Readiness of SMEs gave us pause to deeply examine our own impact journey, our path forward, and how we can apply our knowledge and experience to help other businesses. This whitepaper takes the examination one step further.

As a quick taste, the tenets of 'future-ready' SMEs are laid out and further inspected, as you can see below:

WEF, WEF whitepaper, SME statistics, sustainable growth, ESG, PALO IT

So how do you approach these drivers as an SME? Competitive aggressiveness, innovativeness, ability to reconfigure - from our perspective, there is a necessity now, even a prerequisite, to accelerate digital transformation in particular.

Innovative technologies, coupled with an Agile mindset, allow us to rapidly adapt to changing circumstances, and make huge progress that would otherwise not be possible. We can tackle societal and environmental challenges by leveraging emerging tech, to the benefit of both our organisations and our world. 

We hope this body of research, and our transparent approach to change—both internally and in partnership with our larger ecosystem—encourages and inspires other mid-sized companies to take the lead in driving sustainable, inclusive growth.

Read the full whitepaper here, or to learn more about PALO IT's impact journey, check out our 2025 OKRs.

Or contact our team of experts any time to learn more.

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