How SMBs can write their own success stories by improving their technology Engagements
Numerous reports suggest a strong link between technology adoption and Small and Medium Businesses' (SMBs) growth. There are many areas in which technology adoption by SMBs can enable their growth.
- Feb 4, 2019,
- Updated Feb 8, 2019 12:59 PM IST
The SME sector in India contributes 45 per cent of manufacturing output, 40 per cent of exports and is likely to contribute upto 20 per cent of India's GDP by 2020. The Digital India initiative by the Modi government will lead to greater adoption of technology by this sector. Numerous reports suggest a strong link between technology adoption and Small and Medium Businesses' (SMBs) growth. There are many areas in which technology adoption by SMBs can enable their growth.
Digital technology can help SMBs differentiate themselves in the market thus enabling them to make a new offering or offer an existing product or service in a newer way. This translates into using Artificial Intelligence or AI for greater customer interaction, the Internet of Things or IOT to create newer business offerings, robotics to increase plant output and efficiency, analytics and data to determine consumer trends, and cloud for reducing capital expenditure (capex).
Here are a few metrics that SMBs can directly impact by adopting technology solutions:
The 2016 Future Workforce Study, conducted by research firm Penn Schoen Berland PSB, polled nearly 4,000 full-time employees from small, medium and large businesses in 10 countries, and exposed that over half (57%) of all employees believed that they will be working in a smart office within the next five years. The research showed that the influx of new technology is having a significant impact on what workers expect from their employer, and that workplaces which don't enact these new advances will be left behind. Around the world, the typical work schedule is being eroded by technology and connectivity. Less than two-thirds of global employees feel they 'can get their work done in a traditional 9-5 schedule' (60 per cent). The private sector is more likely than the public sector to offer flexible hours (58 per cent versus 51 per cent globally), while SMBs outpace large enterprises (60 per cent versus 55 per cent).
The Dell Small Business Solutions Centre helps small businesses and entrepreneurs to thrive by empowering them. The solution center is ready to host startups, B2B customers and independent software vendors. Collaborating with many more software vendors & solutions providers, Dell has identified 30+ solutions for the customers to choose from at the centre. Businesses can connect with a #DellBusinessAdvisor to help them ask the right questions and find solutions to help their business grow.
Get in touch with experts who can help you take your business to the next level seamlessly. Click here.
You can also connect with a Dell Business Advisor at - 1800-425-2053 | Email: SBINDIA@dell.com
The SME sector in India contributes 45 per cent of manufacturing output, 40 per cent of exports and is likely to contribute upto 20 per cent of India's GDP by 2020. The Digital India initiative by the Modi government will lead to greater adoption of technology by this sector. Numerous reports suggest a strong link between technology adoption and Small and Medium Businesses' (SMBs) growth. There are many areas in which technology adoption by SMBs can enable their growth.
Digital technology can help SMBs differentiate themselves in the market thus enabling them to make a new offering or offer an existing product or service in a newer way. This translates into using Artificial Intelligence or AI for greater customer interaction, the Internet of Things or IOT to create newer business offerings, robotics to increase plant output and efficiency, analytics and data to determine consumer trends, and cloud for reducing capital expenditure (capex).
Here are a few metrics that SMBs can directly impact by adopting technology solutions:
The 2016 Future Workforce Study, conducted by research firm Penn Schoen Berland PSB, polled nearly 4,000 full-time employees from small, medium and large businesses in 10 countries, and exposed that over half (57%) of all employees believed that they will be working in a smart office within the next five years. The research showed that the influx of new technology is having a significant impact on what workers expect from their employer, and that workplaces which don't enact these new advances will be left behind. Around the world, the typical work schedule is being eroded by technology and connectivity. Less than two-thirds of global employees feel they 'can get their work done in a traditional 9-5 schedule' (60 per cent). The private sector is more likely than the public sector to offer flexible hours (58 per cent versus 51 per cent globally), while SMBs outpace large enterprises (60 per cent versus 55 per cent).
The Dell Small Business Solutions Centre helps small businesses and entrepreneurs to thrive by empowering them. The solution center is ready to host startups, B2B customers and independent software vendors. Collaborating with many more software vendors & solutions providers, Dell has identified 30+ solutions for the customers to choose from at the centre. Businesses can connect with a #DellBusinessAdvisor to help them ask the right questions and find solutions to help their business grow.
Get in touch with experts who can help you take your business to the next level seamlessly. Click here.
You can also connect with a Dell Business Advisor at - 1800-425-2053 | Email: SBINDIA@dell.com