Covid impact: SMEs become tech savvy
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Last Updated: Jul 16, 2021, 08:48 AM IST
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Synopsis
“The good news is in the old days, technology was a divider. Only corporations with deep pockets could afford latest technology,” said Sheela Nambiar, senior director, Oracle India.
Agencies
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Covid-induced disruptions have helped change the approach of small businesses toward technology. Technology is now seen as the key enabler for small firms to stay alive. “Earlier, tech was seen as an expenditure; now it is seen as sustenance and help,” said R Narayan, president of FICCI-CMSME and CEO of Power2SME at the ET Financial Inclusion Summit.