Welcome Guest

Businessex.Com
Home News Microsoft India urges SMEs to adopt IT for higher growth

Microsoft India urges SMEs to adopt IT for higher growth

Tags: sme, microsoft india, meetul patel, it, information technology, revenue growth

March 18, 2014 | COMMENTS ( 0 )

Microsoft India urges SMEs to adopt IT for higher growth

Calling small and medium enterprises (SMEs) critical for job creation and economic growth, Microsoft India said such businesses in the country should adopt information technology (IT) in a big way to achieve more revenue growth.

 

"Indian SMEs are not adopting IT and lack of its adoption is impeding their growth," Microsoft India General Manager (SMS&P) Meetul Patel said.

 

Quoting a report of management consulting firm Boston Consulting Group, he said that SMEs that adopted IT created more new jobs and drove more revenue growth over the past three years compared to SMEs using little technology.

 

The report highlighted if more SMEs in India adopted the latest IT tools there was a potential for SME revenue to grow by $56 billion and create 1.1 million new jobs.

 

Patel said IT-enabled SMEs saw their revenue growing by 15 percentage points faster than those that used less technology in their businesses.

 

The latest wave of technological advancement, such as cloud services, brings tremendous potential for far-reaching innovation and business growth for SMEs to achieve accelerated growth rates, he added.

 

Patel further said, "SMEs are a critical growth engine for jobs and economies today. The need for investment in hardware, software, and technical expertise was previously a large barrier for SMEs in India to benefit from IT.

 

"Today, the availability of services being delivered through pay-as-you-use cloud computing is enabling SMEs to substantially reduce upfront investments in server and networking infrastructure and direct capital to other areas that can drive growth."

 

Patel said SMEs like start-ups and mature ones are increasingly leveraging cloud solutions to access advanced enterprise-grade IT infrastructure.

 

"This is enabling SMEs to increase their top-line revenue by allowing them to focus on the market instead of the back-end IT infrastructure. We are witnessing Indian businesses are increasingly embracing cloud services just like consumers embraced mobile phones over landline phones," said Patel. 

Please add your comment

Rating
Not readable? Change text.
Enter the characters as seen on the image (case insensitive)
  Notify me of followup comments via e-mail   Subscribe for daily newsletter

Other NEWS

Delhi based startup i2e1 raises $5,00,000

Delhi based startup i2e1 raises $5,...

December 10, 2015

Delhi-based i2e1, a smart network player platform which aims to provide low-cost and free internet to consumers and actionable ana....

Cab aggregators collaborate with state governments to boost entrepreneurship

Cab aggregators collaborate with st...

November 06, 2015

Ola and Uber, cab aggregators have signed agreements with Rajasthan government for skill development and creation of entrepreneuri....

Phase II of startup incubator T-Hub to be operational soon

Phase II of startup incubator T-Hub...

November 04, 2015

Telangana government is planning to expand T-Hub, its ambitious incubator programme, in its second phase with about Rs 150 crore i....

Sabse Technologies receives investment from Ratan Tata

Sabse Technologies receives investm...

November 04, 2015

Global telecom carrier, Sabse Technologies Inc, started by Hotmail Founder Sabeer Bhatia today announced that Tata Sons' Chairman ....

Mobile startup BlackNGreen seeks international expansion

Mobile startup BlackNGreen seeks in...

November 02, 2015

Buoyed by a strong demand for value added services, mobile startup BlackNGreen is eyeing revenue of Rs 350 crore in the next one y....

Startups seek better future under Hay Group's programme

Startups seek better future under H...

October 30, 2015

Global management consultancy, Hay Group will help 100 selected entrepreneurs transform their startups into successful companies o....

Quintype raises USD 3.25 million for product enhancement

Quintype raises USD 3.25 million fo...

October 27, 2015

Quintype, a data-driven publishing company raised USD 3.25 million to enhance product and business development. ....

Hospitality aggregator startup Qik Stay raises $250K

Hospitality aggregator startup Qik ...

October 27, 2015

Delhi-based Qik Stay, a hotel branding and aggregator startup, has raised $250K in seed round of funding from venture capital firm....

Milk Mantra targets a turnover of Rs 150 crore this fiscal

Milk Mantra targets a turnover of R...

October 26, 2015

Odisha-based startup dairy firm, Milk Mantra is targeting a turnover of Rs 150 crore this fiscal.....

Vista Rooms creates app on Instagram, targets tier II & III cities

Vista Rooms creates app on Instagra...

October 23, 2015

Mumbai-based online budget accommodation aggregator, Vista Rooms has created an app-like experience on Instagram where travellers ....

Jiyo Natural receives funding from Indian Angel Network

Jiyo Natural receives funding from ...

October 23, 2015

Indian Angel Network (IAN) has invested an undisclosed amount in Bengaluru-based consumer health food startup, Jiyo Natural.....

​​Vodoo raises USD 1 million from SAIF Partners

​​Vodoo raises USD 1 mi...

October 15, 2015

Deals and price comparison application, Vodoo has raised USD 1 million (around Rs 65 lakh) from SAIF Partners in a seed funding ro....

IBM launches public data centre in Chennai, partners with Nasscom to boost start ups

IBM launches public data centre in ...

October 15, 2015

Technology giant, IBM today launched public data centre in Chennai to tap into growing demand from financial services and governme....

For Nasscom, PPP will boost startups in India

For Nasscom, PPP will boost startup...

October 14, 2015

In the wake of some reservations over the central government creating startup funds, Nasscom's "10,000 startups" Vice President, R....

WalmartLabs to seek partnership with Indian startups

WalmartLabs to seek partnership wit...

October 14, 2015

WalmartLabs, the digital arm of US-based retailing major Walmart Stores, is scouting for startups in India for partnership and wor....