The year 2020 will forever be etched in the memories of businesses and employees alike. Not only because businesses have gone tech, but also because the tech start-up ecosystem has proved to be resilient and emerged as the gamechanger. Equally promising is one of India’s most lucrative sector, namely, the Small and Medium Businesses (SMBs), which contributed around 30% to the GDP. The SMB base in India stands at 75 million, with the numbers expected to swell to 105 million by 2025 as per figures reported early last year. Out of this current base, only eight million are digital SMBs. Given the technology boom, this translates into a hotbed for tech companies to enable the remaining 67 million to go digital. Cisco’s 2020 Asia Pacific SMB Digital Maturity Study corroborates this fact too, on a much wider geographic landscape. Nearly 70% of SMBs across the APAC region were accelerating digitisation amid Covid-19. As of 2020, India formed a part of the league of Digital Observer, along with other South East Asian countries, Australia and New Zealand. In a story by Zinnov, when Level 1 SMBs evolve from basic digital infrastructure to more advanced technologies, they are expected to stoke opportunities from other ecosystem players. Players such as aggregators, large enterprises, start-ups, NGO/NPO, government and Independent Software Vendors (ISVs) will enable SMBs go tech. Also, mature tech players will help SMBs leverage the tech advantage by computing products, providing cloud and software solutions and personalised partnerships among others. While Artificial Intelligence/Machine Learning, Internet of Things (IoT) and cybersecurity technologies will be carried forward, here’s a list of the 10 tech trends that SMBs can look to adopt in 2021.
1 SAAS TO BE ON TOP OF THE GAME
Bu hikaye Entrepreneur magazine dergisinin February 2021 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye Entrepreneur magazine dergisinin February 2021 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
How To Ask Family For Money
Your friends-and-family fundraising round doesn't have to be scary and awkward. Here's advice from one of the world's leading investors.
Data Breach Drama: When Trust Turns Costly In A Digital Age
Amid data breaches surges, Indian businesses are prone to financial and reputational fallout. Can cyber insurance emerge as a safeguard?
THE TERRAIN TAMER
Spearheading a California-based, Series D SaaS company is no easy feat. It requires a blend of ownership, innovation, and the ability to handle stress. But Anand Jain, co-founder and chief product officer of Clever Tap, finds his calm by escaping to rough terrain whenever he gets the chance-be it India or Colombia.
THE INTELLIGENT READS
Hardika Shah founded Kinara Capital in 2011 with the mission to address the acute credit gap in the micro-small-medium-enterprises (MSME) sector in India, by providing fast and flexible business capital to small business entrepreneurs. Despite operating in highly competitive and tough market of collateral free loans, Kinara Capital has been steadily growing in Hardika's leadership. In conversation with Entrepreneur, Hardika shares insights on her favourite books.
THE CURSE OF GROWING TOO FAST
FAIRE is a platform for small businesses, but it grew big the wrong way-almost becoming a $12 billion wreck. Here's how it fixed the problem, and why you should think twice before skyrocketing.
There's No Perfect Answer
I worked the same job for 19 years. I hated it, but it paid the bills. Then, in 2017, I entertained an exciting but terrifying question: Could I be an entrepreneur? I wasn't sure, so I needed something that felt like a guarantee. I searched for signs that would feel like a big, clear \"yes!\"
Give Yourself the Gift of Time
Happy holidays! Emmy Award-winning tech expert Mario Armstrong has five recs to get more hours in the day.
How to Become a Main Street Millionaire
It started when I bought one little laundromat. Now I have a whole portfolio of small local businesses that bring in tens of millions in revenue a year. Here's why following my playbook could be your ticket to financial freedom-and saving America's local small businesses.
Want to Better Serve Your Clients? Become Them.
As a designer for brands, starting my own product company gave me a dose of humility-and it changed the way I relate to clients.
How to Succeed With Gen Z Workers
People often say that younger employees are different. But are they? We asked six business leaders what they've learned, and how their teams thrive.
