Lack of technology adoption - A thorny issue for SMEs

Lack of technology adoption - A thorny issue for SMEs

Technology adoption -- an Achilles' heel for Indian SMEs

Thursday, February 02, 2012

BANGALORE, INDIA : Technology has become the pulse of modern day business, but when the Indian small and medium enterprises (SMEs) are viewed from this angle, we see little development.

For years, lack of technology adoption has remained a thorny issue among them, and as a result, they are lagging far behind their global peers, losing a lot of opportunities, which shouldn't have been lost.

Why most of our SMEs fail to keep their fingers on this pulse? It's beyond doubt that budget limitation is one of the major causes. In addition, they are beset by other difficulties related to marketing, bank finance, infrastructure, labour shortage, etc.

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But against all odds, I think our SMEs, if they are to play any meaningful role in global markets, need to stress on technology adoption. First of all, they have to do whatever they can on their own.

Although resource constraint has been an issue among most of our SMEs, I think there are many small players who drag their feet on take-up of new technologies only because of lack of awareness. And out of those who are aware, a majority of them are nervous to embrace new technologies. This attitude needs to be changed. SMEs shouldn't lie low when it comes to adoption of new technologies.

Source : www.smetimes.in

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