The small and medium enterprises, popularly known as the SME sector can be in simple words called one the foremost pillars of the country’s economic front. It serves as an employer to more than 40 percent of the Indian workforce. 95 percent of the industrial units in the country are SMEs which eventually end up in contributing to an approximate value of 50 percent of the industrial output. For a sector that is growing at a figure of 8 percent every year, it however, doesn’t contribute the same to the GDP, the number being a meager 17 percent only. All these numbers blatantly point to a simple conclusion that this sector definitely has more potential to grow and transform, modernize and contribute.
SMEs have always been readily acceptable of online services, given the size of these industries and adaptability as opposed to large scale industries which grapple with the complexities in inculcating these online services in their industries. These enterprises also tend to have sufficient IT budgets to use accordingly. Recently, cloud computing has revolutionized the way these It solutions are being delivered and is a sure shot way of driving SMEs to growth. In a layman’s language, cloud computing refers to a set of services using data storage and internet media on a third-party server.
There are various harmless myths that surround the concept of cloud computing that make people a tad bit skeptical. There however lies no doubt in the proposition that cloud computing is the way to go for SMEs if they want to shift to a better and efficient service. Cloud computing does not need them to own any infrastructure thus enabling them to direct these funds into other areas of development. Most people believe using cloud computing services would require large purchases of complex hardware and software and personnel to operate these services, which is not true. It is actually extremely cost effective and helps the company gain a technological edge. Since these services work on the subscription basis, they also reduce the overall risk in operations.
These data connections are secure and reliable. It further ensures a well connected and high-speed internet connectivity helping in the overall activities of these SMEs. The data maintenance and software upgrades are duly cared for by the service providers. All these services are customizable according to the needs of these SMEs and seamlessly integrate into the existing services and work frame of the SMEs. All in all, cloud computing will open up the SMEs to a whole new spectrum of markets which will benefit both parties in this collaboration.