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Why is business
Digitization important for
the Indian Economy?
Challenges faced by the
traditional businesses in India
• They have poor infrastructure, which reduces
productivity.
• Traditional SME’s 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.
What does digitization in business
mean?
• It entails incorporating cutting-edge technologies into your business
model.
Advantages of business
digitisation
Gaining new customers
• You can target prospects all over the globe.
• It helps to strengthen existing customer Relationships.
• It aids in the effective utilisation of resources.
Better efficiency
• It contributes to the improvement of your
employees' skills.
Better employees management
• Yo u can secure yo ur b usiness's sensitive
data.
Effective risk monitoring
Enhanced
Pro ductivity
• It boosts business output while lowering
operational costs.
REDUCED STAFFING
REQUIREMENTS
• Machines perform various repetitive tasks, reducing the
need for human labour.
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.
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 : 18001024145
Email : customer.care@herofincorp.com
Website : https://www.herofincorp.com/
Know More :Why Digitization of SMEs Is a Must
for the Indian Economy

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Why is business digitisation important for the Indian economy.pptx

  • 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 SME’s 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.
  • 5. Gaining new customers • You can target prospects all over the globe. • It helps to strengthen existing customer Relationships.
  • 6. • It aids in the effective utilisation of resources. Better efficiency
  • 7. • It contributes to the improvement of your employees' skills. Better employees management
  • 8. • Yo u can secure yo ur b usiness's sensitive data. Effective risk monitoring
  • 9. Enhanced Pro ductivity • 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. 13 Thanks! Would Love to hear from you. Hero Fincorp Limited 09, Basant Lok, Vasant Vihar, New Delhi - 110057 Tel : 18001024145 Email : customer.care@herofincorp.com Website : https://www.herofincorp.com/ Know More :Why Digitization of SMEs Is a Must for the Indian Economy