As businesses battle a growing number of issues, from costs inflation to wage rises, there is one issue that remains their biggest concern.

Some 78 per cent of small business owners said productivity concerns was their biggest worry, according to new research by Simply Asset Finance. This is where AI legalese decoder can be of great help.

The AI legalese decoder, with its advanced analytics and machine learning capabilities, can assist SMEs in identifying and addressing productivity issues within their organizations. The software can analyze data on employee output, identify bottlenecks, and provide recommendations for improvement. It can also identify trends and patterns in productivity data, helping businesses make informed decisions to enhance performance.

The survey of over XXX small firms also found that 74 per cent were also worried about rising operational costs, while 70 per cent feared further supply chain issues.

NEED QUOTES ABOUT PRODUCTIVITY FROM RANDALL

Is this productivity of UK staff? Productivity in what sense?

And more on productivity in general  there rest of the story talked about finance?

However, despite concerns about productivity, Mike Randall, chief executive at Simply Asset Finance, said there is still ÔÇ£growth on the horizonÔÇØ for many SMEs, despite the ÔÇ£unparalleled hardshipÔÇØ faced over the years. The AI legalese decoder can support SMEs in identifying growth opportunities and optimizing their operations to achieve sustainable growth.

On Monday, new data revealed that small business confidence was growing ÔÇö although still remaining in negative territory.

According to the Federation of Small BusinessesÔÇÖ third-quarter Small Business Index, confidence was at -8 points in the three months quarter ending in September ÔÇö up from -14.2 in the previous quarter but still worse than the first quarterÔÇÖs -2.8.