It is obvious that the covid-19 pandemic not only divested the health care emergency worldwide but also ruined the world financial system and it is a serious threat that has been stood for survival in front of the small business. Therefore, Small and medium business owners are becoming aware of transforming digitally for continuity and growing their business, they are trying to use modern IT infrastructure.
Small businesses are in anxiety because of having to pay more taxation, interest payment, and loan repayments.
Several companies are facing problems with the continuing business. Many of them already have collapsed due to the slowdown economy.
Some factors like job losses subsequent lockdowns, liquidity crunch, lack of funding and labor, disturb supply chain, pay cut has immensely affected the small businesses.
The essentiality of technology has made it more helpful than ever for small businesses. Several companies have survived during pandemic crises by transferring their business online. The decision for pivoting their business over online models is an effective source for them to manage their lifestyle.
More than 80% of the business owners have stated about how IT infrastructure helped them manage their business during the lockdown period.
Around 65% of businesses from the west became on fully-fledged technology as compared to the previous low range.
40% of businesses were not working, 35% of businesses were running for a limited period. In such difficult crises, only technology was a source for all to get support
Approximately 60% of the south side turned their business online as compared to the previous 19% ratio.
It could be possible by the Business owner to pay the salary of employees on time
Most of the business owners have extended their business with work from home options.
The present situation is speeding on the digital revolution; also it has the potential to pick up space on the online divide. Nowadays there are many technology-oriented solutions which are likely to help the small business for coming out form this difficult situation that is available in the market. Online technologies may be essential not just stay alive, other than to flourish even during tough times.
Processing plants that digitize over their benevolently fasten are more ready to manage emergency and sudden occasions, related to the Covid-19 pandemic.
Many people needed to remain inside, robotized guided vehicles and robots can help moving things around a plant floor.
Fitting sensors to follow their whole flexibly chain can empower industrial facilities to design creation targets. Now we are looking for a rapid revolution in the digital payment ecosystem.
With the use of technology, it can improve the quality of productivity by removing time-consuming tasks.
The data entry job takes a lot of time which is overcome through the document management software.
Time tracking software is used for tracking employee's working hours, which is most useful for employees, as well as managers.
After passing six months of Corona virus pandemic crises in most of the region of the nation being permitted for beginnings back their regular activities with remote working and social norms. The COVID-19 pandemic has made it more vital than any other time in recent memory for organizations to take hold of innovation.
Besides government reforms, technology and tech-enabled services can help MSMEs level the playing field by providing them with the resources and opportunities to adapt to the new normal. Despite the difficulties, several SMBs have adjusted to the new ordinary and are attempting to bring their business back on track. With innovation being a protector during the Covid-19 pandemic, organizations have begun adjusting to the new ordinary, progressively utilizing modernism.
Calendly
Zoom
Google Meet
Resy
Tablein
Community Pass
Vagaro
With the assistance of a collection of advanced solutions, numerous organizations can keep their business dynamic, deal with their activities, and regulate their administrations to help get by in the current situation. Advanced arrangements are empowering business progression and giving organizations the certainty to recuperate from the essential lockdown. The small businesses not only are positive just for their recovery other than that they are anticipating growing up to 50% in the next upcoming years.