UK small businesses driving innovation and technology

Innovation and future business trends are increasingly being driven by the UK’s small businesses, rather than major corporate organisations, new research has shown.

A report entitled ‘Ones to Watch’ was published this week by Index B, experts in commercial behaviour, which looks at the roots of current business trends and identifies 25 companies shaping the future of business.

SMEs were indicated to be a major force driving innovation, with various key trends emerging.

An example highlighted was Apple’s purchase of Siri, the intelligent software assistant which is activated by voice recognition, bought in April 2010 and used in the technology giant’s latest model of the iPhone.

John Owrid, CEO of Index B and co-author of the report said of the findings, “While most commentators focus on short-term macro-economic forces, the business world is being reshaped by long-term trends, and the companies that reflect these trends are increasingly important for economic growth, and worth watching.

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