BYTEBIZ PRIVATE LIMITED

In their own words

Small and medium enterprises (SMEs) are the backbone of our economy and account for more than 30 per cent of the GDP and 45 per cent of all manufacturing activity. The pandemic has hit them hard and also forced them to innovate and adapt. SMEs, which were once used to the ‘physical’ model, now experiment with ‘digital’ methods to run their businesses. A store now uses Google Sheets to maintain inventory and manage receivables. A product manufacturer has digitised his product brochures and uses Zoom to communicate with his customers. SMEs have adapted to the situation in some form or the other but they now need to take a more long-term approach to digital transformation. Data across the globe shows that the success rate of digital transformation is still at the low 20 per cent. SMEs face very specific problems when it comes to digitisation of their businesses. In our experience of working with several MNCs and small businesses across the world, we see five specific digital transformation challenges that SMEs face. Not knowing where to start is a common problem. Even though business owners are fully convinced about digital, there is no specific framework to tell them where to start and how to start. Digital transformation is not easy for SMEs. Remember that digital transformation happens if you are open to possibilities, able to think small and experiment, have a laser-like focus on data related to performance and ROI, and are able to empower your employees to drive the initiative. If done right, it has the power to propel your SME into a sphere that is far above the competition. We are coming with Digital Product for Small Business & SMEs to scale their business from offline to online. Our first product is Digital Visiting Card which is providing to all small business and SMEs to free of cost. So they can utilize. They can create direct through register & login : www.bytecard.in

Written by the company on its public Startup India profile. Not verified by us.