New age small and medium enterprises are staging a silent revolution against their huge and powerful counterparts. This was not a reality until recent past till the advent of cloud technologies.
One of the most commonly cited benefits of cloud computing is the cost savings it affords businesses – both large and small. In fact, by cutting the costs of acquiring IT equipment, adoption of cloud by small and medium enterprises (SMEs) puts them vantage point to compete with their larger counterparts.
In fact, SMEs around the world and across industries are making major changes to their business models, products and go-to-market strategies – and are also competing with larger companies by investing in technology such as cloud services to improve operations and become more efficient, according to a recent survey from Oxford Economics research program, sponsored by SAP.
Almost two-thirds said they “strongly believe” technology helps them achieve longevity and sustainable growth. Overall, 35 percent of respondents identify themselves as early adopters; the figure rises to 42 percent for discrete manufacturers and to 47 percent for firms in North America.
In addition, less than one-third of respondents say their firm lacks the technology capabilities of larger competitors and only slightly more than one-quarter say they struggle to understand how technology can create measurable benefits for their firm.
Growing recognition of economic and operational benefits and the efficiency of cloud-computing model promise strong future growth. As companies ease out gradually from the economic uncertainties and financial shackles, widespread adoption of cloud services is in the offing. The pragmatic and successful adoption of this technology concept by early adopters will pave the way for mass enterprise adoption of cloud services in the upcoming years. The transition of enterprises from virtual machines to the cloud will additionally extend the impetus required for strong growth. Poised to score the maximum gains will be end-to end cloud-computing solutions that offer complete functionalities ranging from integration of internal and external clouds, automation of business critical tasks, and streamlining of business processes and workflow, among others.
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