Cisco sees SMEs and Olympics as the way out of downturn

The driving force in the economic recovery in the UK will be the SME sector says Cisco in a published research report and that it is important for the 2012 Olympics to kick start the UK economy.

The Business Heroes Barometer, published by the networking giant, says that the opportunities that will come from the Games have been recognized by over 40% of the small businesses in the UK and an almost equal percentage know the key role the Games will play in helping the economy in London and beyond.

The worry of a double-dip recession may have been scotched after the report found that sales had increased in the last 12 months in 44% of the SMEs according to David Critchley, the Cisco UK and Ireland SME director. Adding it shows a testament to their role as the kick starter of the economy by having almost half of the SMEs show an increase in sales when there was talk of nothing but negativity.

IT and network infrastructure in 2011 were planned by 55% of firms in the survey with video conferencing interesting 35% and 25% interested in changing to a cloud environment with 72% planning technology investing.