Wednesday, July 22, 2015
India’s small businesses aren’t small when it comes to economic impact. They employ over 106 million people, make up almost a quarter of the workforce, and contribute close to half of the nation’s manufacturing output. As the country looks to drive growth, create jobs and increase exports as part of the Digital India initiative, we teamed up with Deloitte to see how cloud and mobile tools could help small businesses support these national goals, and the results are striking.
The new report, “Connected Small Business — Unlocking India’s digital potential” finds that businesses that use cloud and mobile tools are more profitable, more innovative, export more and have happier, more productive staff. Compared to offline businesses, those that use cloud and mobile tools grow 27% annually, are four times more innovative and are 65% more likely to be exporting.
They’re also job creators — 84% said they’re hiring. With employees at these digitally engaged businesses six times more satisfied with their work and nine times more collaborative, it’s clear that technology decisions are impacting more than the bottom line: they also create happier, more productive employees.
As someone who talks with businesses about how Google Apps for Work has helped their businesses grow, go global or connect and collaborate with their employees more easily, these findings put some numbers to the great stories I hear everyday.
|Freshdesk employees collaborate on tablets at their Chennai office.|
Take software startup Freshdesk for example. Founded in Chennai in 2010 with eight staff, they now employ over 450 people and have over 59 million end users — 90% of which come from outside of India. Google Apps has supercharged their team’s ability to meet this rapid growth. With Google Drive, employees work together on documents in real time from anywhere, on any device. While video conferencing with Google Hangouts helps the team stay in touch regardless of timezone or location.
Or take Bangalore delivery business SpoonJoy: founded in 2014, they now deliver around 3,000 healthy and delicious meals to hungry Bangaloreans everyday. Their team uses Google Apps and estimates that cloud and mobile tools enable them to open their business in a new area in a third of the time it would take without these tools.
It’s not just startups or technology businesses that are reaping these digital dividends. Logistics company Pickingo estimates that having real-time access to delivery information with cloud and mobile tools has increased its orders by around 15%. Manufacturing company EMCO attributes 30% of their business growth to the adoption of digital technology.
Companies that are able to collaborate across teams and even continents are the ones unlocking great ideas that are succeeding in India today. These businesses understand that being digitally engaged goes beyond having a website. They’re enabling their staff to work from anywhere on any device, and are making important business information accessible to them. With India focused on supercharging economic growth and employment, the winning formula could just be the greater adoption of cloud and mobile tools by the country's small businesses.