The Indian SME sector has played a key role in the overall growth of the industrial economy of the country. The sector has shown commendable innovativeness and adaptability to survive the recent economic dynamics and volatility, thanks to its dexterity and dynamism.
Today, the sector contributes 11% to India’s GDP, 45% to total manufacturing output, and 40% to the nation’s workforce. From manufacturing of simple goods to manufacturing of sophisticated products, Indian SMEs have moved up the value chain, despite plethora of challenges.
They had faced problems at various stages of their operation, whether it is rising of finance, buying of raw materials, manufacture of products, or marketing of goods or adopting latest digital solutions.
When it comes to technology adoption, the adoption of Cloud based technology solutions in production, SCM, CRM and general manufacturing operations has played a pivotal role in increasing efficiency and productivity, without a heavy cost burden, in successful SMEs across the country.
The key reasons for moving to cloud solutions are scalability, pay for use mechanisms, reduced spend on technology infrastructure and easier to share and collaborate. In a way, technology adoption has helped SMEs to enhance productivity and efficiency and as they script their next growth journey, agile and prudent technology adoption can help them enjoy the next growth ride.
The Economic Times Live Webinar on ‘Enhancing Productivity & Efficiency at Workplace’ would bring to the forefront that how cost-effective technology can help them in scripting their next growth journey--how they can do more with less investment, how they can enhance productivity and efficiency with a granular view on products and technology.
The last decade of the twentieth century has witnessed rapid technological advances especially in the areas of ICT. Increase in ICT adoption and knowledge infrastructure has boosted the growth and maturity of SMEs.
But even then, SMEs often overlook the fact that how small technology adoption can help them in increasing their efficiency and productivity.
For instance, conventional printers are today not seen as cost-effective and may seem like a necessity just to meet the need of printed documents as for business transactions and compliances.
With the advancement of technology, today printers are not just printers but a multi-functional, multi-channelled and intelligent virtual printer driver
with many useful tools. It helps us to save time, money and reduce the impact on the environment.
One can perform all actions around a document with the push of a single button. This results in huge time and cost savings. The printer organizes the document workflow.
Technology and business decision makers across industry verticals such as:
