Why is business digitisation important for the Indian economy?

1
Why is business Digitization important for the
Indian Economy?
2
Challenges faced by the traditional businesses
in India

• They have poor infrastructure, which reduces
  productivity.
• Traditional SMEs do not have prompt access to
  funding.
• They continue to rely on manual operations,
  which increases risk and operational costs.
• SME employees are mostly untrained and unaware of
  how to use
• Advanced technologies.

3
What does digitization in business mean?

• It entails incorporating cutting-edge
  technologies into your business model.

4
Advantages of business digitisation
5
Gaining new customers

• You can target prospects all over the globe.
• It helps to strengthen existing customer
  Relationships.

6
Better efficiency

• It aids in the effective utilisation of
  resources.

7
Better employees management

• It contributes to the improvement of your
  employees' skills.

8
Effective risk monitoring

• You can secure your business' s sensitive data.

9
Enhanced Productivity

• It boosts business output while lowering
  operational costs.

10
REDUCED STAFFING REQUIREMENTS

• Machines perform various repetitive tasks,
  reducing the need for human labour.

11
How do I begin digitising my business?

• Determine which departments require digitisation.
• Get the opinions of your team members to see if
  they are all on the same page when it comes to
  digitisation.
• Deploy digital software in various departments.

12
Digitization in business Boosts productivity
while lowering costs and Reliance on manual
labor.
13
Thanks!
Would Love to hear from you.
Hero Fincorp Limited
09, Basant Lok, Vasant Vihar, New Delhi - 110057
Tel [phone]
Email customer.care_at_herofincorp.com
Website https//www.herofincorp.com/
Know More Why Digitization of SMEs Is a Must
for the Indian Economy