50% of Indian SMEs prioritize Cloud for business expansion in FY2024, finds ‘SME Digital Insights’ Study
Fuelled by India's growing digital acceleration, small and medium enterprises (SMEs) are rapidly leveraging Cloud for their competitive edge, according to a new ‘SME Digital Insights’ study by Tata Tele Business Services (TTBS) and Cyber Media Research (CMR). A significant 58% of SMEs nationwide believe they have a high level of digital maturity and are at the forefront of this ongoing digital shift. In FY2024, a whopping 50% of the surveyed SMEs are leveraging Cloud for their business expansion.
City Air News
Jul 17, 2024 05:35
0
Bengaluru, July 17, 2024. Fuelled by India's growing digital acceleration, small and medium enterprises (SMEs) are rapidly leveraging Cloud for their competitive edge, according to a new ‘SME Digital Insights’ study by Tata Tele Business Services (TTBS) and Cyber Media Research (CMR). A significant 58% of SMEs nationwide believe they have a high level of digital maturity and are at the forefront of this ongoing digital shift. In FY2024, a whopping 50% of the surveyed SMEs are leveraging Cloud for their business expansion.
The SME Digital Insights study provides invaluable insights into Cloud adoption trends among Indian SMEs," stated Vishal Rally, Senior Vice President – Product and Marketing, Tata Teleservices. “This study resonates with our business pulse, affirming that cloud technology presents an unparalleled opportunity for businesses to amplify agility, foster collaboration, and gain a decisive competitive edge while enhancing the customer experience. With domain expertise and innovative solutions, we are powering SMEs to harnessing the transformative power of cloud solutions for sustained success in an increasingly digital world.
According to Prabhu Ram, Head- Industry Intelligence Group (IIG), Cyber Media Research (CMR), “Indian small and medium enterprises are rapidly leaning-in on Cloud, leveraging its efficiency, reliability, and adaptability to transform their businesses. The shift to Cloud is enabling SMEs to streamline their operations, fuel their growth and deliver exceptional customer experiences. Cloud adoption unlocks access to cutting-edge advancements like AI, empowering SMEs to compete and thrive. Partnering with trusted experts is key to maximizing the Cloud's potential, from enhanced customer support to innovative solutions. This momentum towards Cloud is expected to continue, with SMEs recognizing it as a competitive differentiator and a key factor in building resilience.”
