Information Management in Small and Medium-Sized Businesses

Abstract

The current state of small and medium-sized businesses in Ukraine depends on the stability of the economic situation, the availability of a favorable tax and regulatory environment, the availability of financing, competition in the business environment, the pace of technological development and the sufficiency of qualified personnel in the labor market. The aim of the article is to study the role and analyze the impact of information management to support small and medium-sized businesses. On the basis of the carried out research, the main objectives of information management have been allocated and characterized, the influence of each factor on the indicators of efficiency and productivity of enterprise has been considered. It has been established that proper work with information is a crucial element for the success and sustainability of any organization or enterprise. Information problems can have serious consequences for a business’s operations, so it is important to pay due attention to information management and ensure that data is processed and protected effectively. This process contributes to effective management, informed decision-making, increased competitiveness, and information security. The article develops recommendations for further elaboration of information systems at small and medium-sized enterprises related to ensuring security and data protection, optimizing internal processes and improving the system of data collection and processing. The future development of information management will be characterized by the introduction of advanced technologies, improved data protection and privacy, real-time analysis, and the provision of mobility and teamwork.

Keywords

• information economy
• enterprise
• management
• information
• information systems