How Mobile Technology Saves Businesses Billions

A staggering 94% of small businesses are using smart phones and other devices to conduct their business.

These businesses haven’t just jumped on a trend. Switching to smart phones are saving businesses to the tune of the billions every year.

According to a survey done by AT&T and the Small Business & Entrepreneurship Council, over the past year small businesses have saved $67.5 billion by using mobile apps, tablets, smart phones and other devices to conduct their every day business. Smart phones alone saved business owners $32.3 billion last year.

The survey also showed that smart phones save business owners time. A lot of it, in fact. Business owners saved 1.24 billion hours last year by conducting their business via smart phone.

Tablets are also huge time and money savers, saving 754.2 hours and $19.6 billion for business owners. Respectively. Mobile apps saved business owners 599.5 million hours and around $15.6 billion last year. Not too shabby.

SBE Council President and CEO Karen Kerrigan said, “Clearly, we are at a point where entrepreneurs now look first to communications technologies and innovations for solutions to improve productivity, cut costs and better manage and engage with customers.” She went on to say, “That is time and money that can go back into driving sales and innovating the marketplace.”

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