More SMEs Adopting Cloud For Innovation, Not Cost

by CXOtoday News Desk    Sep 09, 2014

cloud computing

SMEs in India are not looking at cloud deployment for cost efficiency alone. An increased number of companies in this segment are improving operational efficiency as well as innovating with cloud. Nearly 90% SMEs in India feel cloud adoption is increasingly important for enabling business success and the burgeoning segment will aggressively adopt cloud, analytics and mobile solutions to achieve business excellence, says a Circle Research report commissioned by SAP.

The report states that Indian SMEs that are expected to grow to $88 billion by 2017 are recognizing the value of cloud and have begun their transition. The adoption of cloud is helping them to innovate – to do things faster, smarter and more sustainably.  Additionally, 87% of very ambitious Indian SMEs believe enterprise applications, analytics and mobile solutions will play an important role in achieving their ambitions, says the report.

According to the report, SMEs in India are the most ambitious and have the desire to be first adopters of new technologies. The biggest single ambition for SMEs in India is customer success (44%), followed by 34 % who are keen on achieving growth and 12% for business improvement

For Indian SMEs, growth is primarily driven by new products, finds out the study, with 76% of those for whom growth is paramount give high importance to introducing new products while 74% focus on increasing revenue. “Indian SMEs show ‘good progress’ in being market ready. On average, Indian SMEs are 77% of the way along to journey to being ready for achieving their growth ambitions”, it says.

In order to help SMEs address this requirement and fuel their growth, SAP is also unveiling its SAP Innovation Express, which the company claims is a first of its kind pan-India bus road-show that will help Indian enterprises gain more insights into the power of these solutions and services.

“SMEs have greater opportunities than before for expansion and diversification. They utilize technology to support business growth and achieve operational excellence,” said Adaire Fox-Martin, President, SAP Asia Pacific Japan. “SAP’s charter is to bring innovative technology that can help them get a step closer to be a Faster, Smarter and Sustainable business,” she added.

The rising ambitions of SMEs that cater to diverse expectations of employers, the workplace and the market itself, are forcing them to completely reconsider traditional business models and adopt cutting edge technologies like cloud, says the company.

“In today’s scenario, Globalization, transformation and technology have become the hallmarks of successful small and midsize companies.” said Ravi Chauhan, Managing Director, SAP India. “With SAP Innovation Express, we will further assist organizations to adopt world class solutions and inspire them to compete on global standards and ultimately, become better-run businesses,” he added.

 SAP Innovation Express will support Indian enterprises across 12 cities and towns that are the key SME hubs of India. It will provide hands on experience of SAP Solutions designed specifically to meet the needs of SMEs. It will engage SMEs through specific break-out sessions containing live demonstrations of simple, industry-relevant and affordable SAP solutions, customer implementations and testimonials, said the statement adding that customers who board the innovation express can witness real time demos of SAP offerings and consult the SAP leadership team to learn more about it on the spot.