In a survey of 1,000 SMBs in India, 60 per cent said they are already using cloud, though almost half are at early stages of adoption. Best-in-class SMBs that adopted cloud have been able to drive 25-30 per cent productivity improvement and 15-20 per cent reduction in operational costs.
Security, analytics and offline to online are the three major opportunity segments for cloud adoption, the report said.
More than 50 per cent of the respondents cited lack of management support, talent and capital as key constraints for cloud adoption.
"The COVID-19 pandemic has severely impacted the SMB segment and they have struggled with liquidity crunch, lack of demand and lack of an alternative operational model. However, according to the report findings, SMBs that have an online presence have shown greater resilience and are expected to see short-term revenue gain," Nasscom said.
Technology adoption can help SMBs become more resilient and better equipped to handle disruption and also enhance their global competitiveness, it added.
Cloud computing is one of three fundamental technologies in this digital transformation journey, the other two being big data analytics and cybersecurity, it said.
"As India aims to become a cloud-first nation and with the government's push for cloud adoption by MSMEs, it will be crucial for SMBs in India to think of themselves as Digital Enterprises and lead the E-revolution for India," Nasscom President Debjani Ghosh said.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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