UK SMEs are optimistic about business prospects in 2014 according to independent research by data centre and communications specialist Node4.
The survey of 250 decision makers in companies between 50-500 employees found that one fifth have no concerns about 2014 and expect this year to be prosperous and successful.
IT topped the list among those that do have concerns about this year, ahead of generating enough business and workforce retention. 34% of those interviewed agreed that their existing IT infrastructure would not support business growth and that a lack of IT innovation would hold back success.
The ability to generate enough orders to maintain survival in 2014 was cited by a third of SMEs and concerns about staff was mentioned by 18% as an issue for this year.
"We are, at last, coming out of one of the worst recessions in living history," claimed Paul Bryce, Business Development Director at Node4.
"Over the past five years SMEs have struggled to keep their head above water, fighting to keep their business afloat and profitable. But the tide is turning, the economy is looking up, businesses and consumers are buying again and as a result, SMEs are in a positive mood about 2014.
"It did come as a surprise to find that IT concerns topped the list as the biggest hurdle that SMEs will face this year. To our mind, this underlines the important role that IT will play in helping SMEs prosper in a buoyant economy.
"IT has gone from being a static cost-centre to a dynamic business enabler that must support the organisation at every stage of the sales cycle, overall empowering the business to grow and succeed."