In the current scenario it is becoming hard for the small players to retain in market so they are adopting different methods to retain in market and not surprisingly they are focusing on spending Information technology not on technology but on cost saving technology. In this scenario business process need to be innovative and efficient enough and adapt and scale to market requirements. It also needs to integrate with the partners, suppliers, retailers and consumers and to achieve all this they have to use information technology to achieve the business objectives.
Benefits
Enables them to innovate something
Respond to the market as per the requirement.
Helps in taking quick and right decision
SME’s have become a key focus area for the IT service providers in this recession time who want to keep their growth so they are finding that SME sector is having some scope that can help them to grow.
The vibrant growth in SME sector also made a significant contribution in GDP of India.
And it is the reason that IT service providers are launching their new ideas and software’s in the market for SME’s and expecting 22% growth in IT sector will be through SME sector only. It will also help the small enterprises to compete with the foreign enterprises and meet their standards.
Open Source Software
Open source software implies that the source code is free but some of the rights are associated with some software company but these Open Source Software are easily available for a small fee.
Benefits
It gives the organization full right to code the software according to their use
It also helps in saving large amount of cost.
Enterprise Resource Planning
ERP is integrated software that manages and coordinates resources and information at a single point from share data stores. Either it would be Corporate finance, manufacturing Plant anyone ERP plays a big role in their maintenance and growth.
Benefits
Speed: When ERP is implemented in an organization every thing is maintained so quickly and easily.
Reduction in risks
Help the managers to taking decisions.
High Return on investment (ROI).
Software as a Service
It is a particular type of software deployment in which vendor provides the software on a superscriptions basis in which organization can use some of the features of the software only .This helps the organization in cost saving.
Benefits
In this implementation time is short so it helps the organization to get benefits quickly.
It also offers the organization to quickly migrate to standard application.
Service providers make huge investment in data backups and recovery process so the risk of data is least.
Application Based Software Delivery
Application based software delivery is like SAAS only but with some new and additional features. It is preinstalled and pretuned combination of hardware and software models that plug into network quite easily.
Benefits
Secure solutions that makes sure that organization data is secure and preserved.
Reduction in cost and thus saves money.
In the end we can say that success of most of the Small Scale and Medium Scale industries depend upon them how efficiently they are using Information Technology in their business and how much they are saving money and making profit after adopting the technology
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