Indian SMBs getting IT Savvy
Indian SMBs getting IT Savvy
Yash Kumar
Writes for search-marketing.in,
provides information on
Digital marketing in india to improve
Digital marketing strategies.
Small and midsize businesses in India are increasingly getting more
familiar with utilizing information technology such as cloud computing.
Coupled with this is the use of smart phones and social media.
As per a recent study by Zinnoy, a management consultancy, India has
the second largest number of SMBs in BRIC and USA. These five
countries accrue to India’s gross domestic product more than 60 per cent.
According to the study there are four categories of SMBs based on
intensity of utilizing IT. These are unorganized, traditional, savvy and
sophisticated. The last two groups of businesses are flexible in adopting
new technology and applications.
The SMBs which are more IT savvy are found mostly in such metropolitan
cities such as Chennai, Mumbai and Bangaluru.
There is across-the border growth in all segments of industrial sector
comprising retail, manufacturing, consumer products, automotive, engine
and construction, professional services, mining, education, biotechnology.
Sectors such poultry, gems and jewellery, dairy, plantation, city gas
distribution have also adopted IT substantially. This trend is because of
the market potential and growth of this market.
The study found Indian SMB market, IT spend at a mere 30 per cent of
overall technology expenditure and is likely rise along with growth of
demand for mobile devices, social media and cloud computing.
The growth of 3G services and increased use of business IT applications
on smart phones, the expenditure on mobile devices is growing.
Companies in knowledge sector offer employees the choice of working
from home; these require CRM (customer relationship management) and
supply chain management (SCM). Tablet devices smart phones are very
helpful in this regard.
However, such use of IT is limited to a minuscule 20 per cent of all SMB
enterprises. It is pointed out that SMBs should utilize social media to
benefit to the fullest potential.
Cloud computing has turned out to be a boon to cash strapped Indian
SMBs. Cloud based applications such Microsoft Office 365 offer
‘affordability, scalability, flexibility and mobility’. SMBs also found
Software-as-a-service (SaaS) useful and it is getting more popular among
the lot.
Business intelligence (BI) services based on (SaaS) are likely to grow
going by the current trend of shifting to sophisticated application for
gathering basic information from usual excel application.
This, all good trends augur well for the sector. However, there are
challenges confronting including scarcity of funds, absence of localized
and customizable IT products and skilled man-power crunch.
A bulk of the enterprises are rather reluctant to adopt IT. Further, SMBs
use spurious software which jeopardizes business data and applications.
Thus, another challenge for SMBs is the security of data.
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