Small and Medium Enterprises (SME) are considered as a crucial sector of the Indian economy over the last few decades as they plays major role in providing large employment opportunities at low cost and encouraging to promote economic and social development.
Earlier, due to traditional inefficient methods of operating business had affected the growth of the smaller business but Digitization of SMEs has led to an increase in India’s GDP.SMEs have played a significant role in Nation’s development as this sector has contributed highly towards the amount of India’s GDP, export earnings,etc.Information technology has brought Internet connectivity among companies and clients which has led to an increase in online business opportunities irrespective of geographical location. Entrepreneurs are able to connect with manufacturers, exporters, suppliers, and buyers to generate revenue and explore more and more business opportunities through the web.
As time passed many technological advancements came like Cloud computing that means services that are delivered via the internet and hosted by third party and on premises software that is managing entire software cost right from installation, security , maintenance, upgrades and license fees etc
Now, it is really challenging to decide which technology to be implemented cloud or on- premises for SMEs, which option is more secure, flexible, reliable, accessible and affordable. As your business grows, you must constantly look for development in new services, products, or IT infrastructure, and must be aware of the options available to you whether hosting in the cloud? Or having it on-premises that mean your data and software are in-house you have access, maintain and control over it.
Today’s world is full of competition and everyone wants to succeed so they are continuously searching smarter ways of computing to maximize profit without compromising in quality and cost. Continuous advancement in cloud technology has motivated SMEs to implement the latest technology as they offer multiple benefits such as data security, flexible storage, scalability, 0% downtime, CRM management, human resource management, inventory management, Account management, resource optimization, modern technology, Sales Monitoring and management, and resource mapping and managing sales etc.
Why Small and Medium Enterprises (SME) should invest in the Cloud Computing.
For small and medium enterprises, the benefits of cloud computing are endless as they are benefited in many ways finally resulting in business productivity. Implementing Cloud computing offers many solutions right from flexibility, efficiency, affordability, saves businesses time and money. Cloud technology helps SMEs explore business opportunities to business expansion with constant innovation.
In this digital age, the cloud takes most of the load from your shoulders manages itself with the help of resources and expert team.
Better accessibility that means remote computing:
Cloud applications are browser-based and accessible from desktop and mobile devices anytime and anywhere with an internet connection, It is especially useful for SMEs who keep changing office space now and then It allows them to work from anywhere at any time.
Cloud technology gives an opportunity to SMEs by pay-as-you-use model, thereby reducing money on the investment, maintenance, upgrades, training etc; This becomes all the more important for SMEs as growing businesses, as they are able to reach more business opportunities without the burden of additional cost.
To retain customers and expand business it is essential for SMEs to develop a sense of reliability in its customers by developing goodwill. For it is necessary to take effective steps towards data security. Cloud technology has its own data centers with experts to manage and keep your data secure, provide data backup and keep data out of reach of hackers.
SMEs experiences unpredictable markets and require immediate adjustments in scaling. The usage of cloud server overcomes the hurdles that the SMEs face.
As SMEs must expand and want to establish offices at specific locations, the cloud offers maximum scalability.
AffordabilityAs the name suggests SMEs are small and medium enterprises they are in developing stage so cannot afford to invest a huge amount of money so it is important to analyze whether cloud data storage is cheaper than on-premises solutions. By using the cloud, you can buy a specific amount of storage space based as per Pay per use Model thereby cutting off capital expenditure and revenue expenditure as the entire control of providing service, maintenance, upgrades lies in the hands of cloud service provider. By implementing Cloud-based computing, there is no need for you to borne charges for additional infrastructure or licenses. Cloud provider maintains servers, network and software for you in exchange of an annual fee. The information hosted by the cloud service provider can be accessed by the user through a web portal. You have to pay for access to the service and gain access to their servers, storage, and data centers for your applications. Also, you can manage various versions of your apps, adopt new features, without buying and managing the software.
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