Bhavesh Goswami is a stalwart in the Cloud Computing space with an illustrative experience of working for companies like Amazon Web Services (AWS) and Microsoft since 2005. He was in the initial development team of Amazon Simple Storage Service (S3) in Seattle where he helped launch the first service of AWS. Later he moved to Microsoft where he worked on some of the initial cloud products that Microsoft built. Bhavesh began his entrepreneurial journey as Founder & CEO of CloudThat in 2012.
Businesses have recognized the importance of ongoing growth using cloud-based services to invest their time and resources. Over 60% of SMEs in India have already begun using cloud-based techniques. This is due to the low deployment costs, nearly perfect cost-benefit analysis, ease of software management, streamlined workflow, and other perks. Microsoft India and the Thought Arbitrage Research Institute’s (TARI) research on SME enterprises have calculated that cash flows for SMEs can increase by 308% as a result.
Small and medium-sized businesses are thought to contribute 40% of all exports from India and 45% of the country’s manufacturing output. One can legitimately conclude that the industry has undergone rapid transformation. India Inc is taking note of the contributions of SME’s, be it in the creation of jobs, quick adaptation to new situations with its flexibility feature, fostering entrepreneurship, or even as a sub-industry in large firms.
For SMEs, the expense of hardware has been eliminated thanks to cloud computing, which previously consumed a significant portion of their budget. This is now a factor in SMEs’ return on investment. When we consider that roughly 37% of SMEs do not possess a computer or have internet connectivity, the fact that many cloud services have implemented the “Pay as you use” model is attracting the attention of SMEs across the nation.
In the post-pandemic era, infrastructure-as-a-service (IaaS), platform-as-a-service (PaaS), and software-as-a-service (SaaS) solutions have grown in popularity. SMEs adopting cloud-based technologies are experiencing twice the revenue growth of offline SMEs.
Earlier, the majority of SMEs relied on legacy systems, whether it was generating data in excel sheets, sharing administrative responsibilities for payroll and HR, or using local IT resources. Now, however, enterprises are in digital readiness mode and want to become remote and flexible. Even customer behavior monitoring is being addressed by the technological advances going place.
The flexibility, scalability, reliability, and security features of cloud computing come with additional advantages such as Data Analytics, including a cost-savings emphasis.
Data analytics have altered the operationalization of the business landscape. It has ultimately assisted them in reinventing their scaling operations. Cloud scalability aids in increasing or decreasing resources in case demand changes. To remain competitive, Cloud Scalability Architecture must be in place.
Due to the existing distance norms, there are creative ways for SMEs to adopt cloud digitalization, including CRM and managed services. When we see that cyberattacks have increased, managed security is a significant issue, thus the combination of cloud computing and cybersecurity has caught the attention of SMEs. Another noteworthy development in this area is the delivery pipeline. It facilitates the automation of ongoing project deployment, an essential step in the delivery process as a whole.
Data visualization as a concept has emerged. Through a diagram or chart, it has made it easy for SMEs to comprehend cloud infrastructure and resource relationships. It makes the cloud environment simpler for businesses, particularly SMEs.
The digitization of Workflows has made SME’s execute:
- Better ability to make decisions (becoming data-driven, rational and consistent)
- Decreased risks and costs
- Improved operational efficiency and elimination of bottlenecks
- Greater comprehension of how things work and strategies to close the gap between the present situation and the ideal future situation
To sum up, SMEs are considered as the backbone of the Indian economy. SMEs are definitely heading in the progressive direction by embracing a plethora of benefits cloud technology offers. We at CloudThat are helping numerous SMEs to move to the cloud with our cloud-first approach. We often provide a Well-Architected Review of their IT assets free of cost to help them identify the lacunae in their on-premises infrastructure and the benefits they can derive by moving to the cloud. Workflow has become easier, profitability has increased, and it could be a shining success for India Inc if the adoption of cutting-edge strategies by the cloud multiplies.