Technology has revolutionised various sectors, particularly the Banking, Financial Services, and Insurance (BFSI) industry. SMEs in India increasingly realise the power of digital tools, especially cloud technology, to enhance their operational capabilities. The SME Digital Insights Study, conducted by CyberMedia Research, reveals that almost 50% of Indian SMEs plan to adopt cloud solutions in FY2024, indicating a shift towards digital-first strategies.
As SMEs embrace cloud computing, they gain access to infrastructure that allows them a unique opportunity to compete with larger enterprises on a level playing field. This digital shift, driven by cloud technology, is reshaping the competitive landscape of the BFSI sector. The study highlights that 58% of SMEs consider themselves digitally mature, positioning them to lead the next wave of digital transformation.
By adopting cloud-based solutions, these businesses are not only boosting their growth potential but are also enhancing their ability to meet the evolving needs of their customers and the market.
EMPOWERING SMES WITH CLOUD TECHNOLOGY
Denne historien er fra september 2024-utgaven av Voice and Data.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra september 2024-utgaven av Voice and Data.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
Can OTTs stay away from telcos' stride?
OTT, or Internet-based communications platforms, have been excluded from the Telecommunications Act, 2023. Can they continue to survive?
Will Vodafone-Idea survive the AGR tempest?
Telecom major Vi faces its greatest battle yet as it negotiates AGR dues with the Centre, a decision that could seal its fate in India's telecom industry
Linux in the hybrid cloud: Building with digital Lego blocks
Linux, the flexible backbone of the hybrid cloud, combines modularity, security, and cost-efficiency to power modern enterprises' digital transformation
Cultivating the AI mind to think deeper
With the o1 model, OpenAI brings AI closer to AGI by fostering deeper, reasoning-driven solutions for tackling complex problems with a new level of thoughtfulness
The flash mob of connectivity
Self-organising, solar-powered mesh networks bridge connectivity gaps, offering resilient, sustainable solutions for rural areas, industry, and disaster relief
FIXED BROADBAND: THE UNMATCHED BACKBONE OF A DIGITAL ECONOMY
In a mobile-first world, FBB still delivers unmatched quality and greater capacity at lower costs, making it indispensable for India's digital growth ambitions
TELCOS TO TECHCOS: GEARING UP FOR A TECTONIC SHIFT
Telcos are evolving into tech companies, embracing cloud, Al, and loT to unlock new revenue streams and reshape the future of digital services
"RedCap can play a critical role in shaping India's digital future"
Airtel has conducted successful trials of RedCap devices in collaboration with Ericsson, demonstrating the technology's potential within our network.
How Israel Used Legacy Tech For Electronic Warfare
The attack leveraged tampered pager tech, blending human intelligence with electronic warfare to enable kinetic use of Hezbollah's communication radio devices
"REDCAP CAN IGNITE A NEW ERA OF 5G INNOVATION"
Extended discontinuous reception (eDRX) allows devices to enter a deep sleep state, only waking up when necessary to check for network updates