What plagues most SMEs across the world? Cost optimization, optimal achievement of business goals and ensuring sustainability in the midst of big players in the market. Around the world, SMEs have to work hard to meet the impending competition posed by big competitors. The competition heightens up in developing countries, which are the hotbed for emerging markets. The BRICS economies which are mainly composed of Brazil, Russia, India, China and South Africa have witnessed a gradual rise of SMEs as more and more of these companies are involved in cloud adoption. However, in a recent study, a BSA Global Cloud Computing Scorecard released in 2013 stated that these countries are still lagging in the adoption of information and computing technologies or ICT. For SMEs or small and medium enterprises, the world is an oyster, once the implementation of cloud services is complete, the enhancement of their ongoing business can duly impact their profit margins positively.
[Read also: Benefits of Using Cloud Computing]
What does the World Trade Organization predict for SMEs?
Around the world, cloud adoption has reinvented the way people conduct business. SMEs and big players have arrived at a level playing field to optimize their profits with the best services offered in ICT. Take a look at the four potential factors that could improve the performance for SMEs across developing countries:
Adapting to cloud technologies is likely to take a certain amount of investment initially. With help from technological experts in the field, it’s more than possible to gain the best cloud technologies. Some of these technological consultants such as HCL Technologies have the capabilities of adapting to these technologies in order to facilitate the following:
1. It’s all about the quality of goods and services
All over the world, there are several companies that have managed their businesses on the cloud and are enjoying the benefits of it. While catering to the wider audience on the internet or otherwise, it’s best to manage these services on the cloud. Undoubtedly, the quality of products and services are likely to become popular with the improvement in IT infrastructure.
2. The world is literally an oyster
There are very few limitations or reduced number of limitations that SMEs face with the adoption of cloud services. Not only can SMEs reach a wide audience, but they can achieve a greater chance of success with the ability to provide enhanced quality of goods and services.
3. When opportunities knock twice
Yes, the windows of opportunity will be widespread as SMEs have a chance to tap into various industries and facilitate a larger clientele.
4. Core sectors facilitated
SMEs can facilitate the most important sectors in the market such as core sectors including healthcare, pharmaceutical, telecommunications, education, and finance.
Steering the course of development in the BRICS economies is undoubtedly in the hands of SMEs. Yet, the adoption of cloud services will depend on the best expertise in ICT in these countries.
To know more about the cloud computing technology and its services please visit HCL Technologies.
[Image credit: Gary Hayes, Flickr]