- The Times Of India
What MSMEs need to keep in mind when it comes to digital transformation
The world is on a wave of digital transformation, and MSMEs need to adapt to this advancement in the field of technology and embark on their digital journey as it is said correctly that nothing is more expensive than a lost opportunity. MSMEs have been a part of the economy according to their set ways of functioning for a long time now. However, with the development of the digital economy and the current Covid-19 crisis, major players in the industry who were already in sync or even remotely in sync with their digital needs accelerated their process of digitization. It is here that micro, small and medium enterprise lagged a bit in the race as small business culture differs regionally. Therefore, it has become all the more important that MSMEs lay a special focus on their special and unique digital needs and adapt to the digital changes in the industry.