World MSME Day 2022: Digital transformation can help MSMEs ride growth in digital era, says Dell's Manish Gupta

Every year on June 27 World MSME Day is observed globally to highlight the importance of the Micro, Small, and Medium-sized Enterprises (MSME) in the economic development of any country. On the occasion of the World MSME Day 2022, Manish Gupta, Vice President and GM, Infrastructure Solutions Group, Dell Technologies, India, highlighted how digital transformation can help MSMEs ride the growth in the digital era with investments towards critical infrastructure.

“MSMEs contribute significantly to India’s growth which makes it imperative for them to be cognizant of their digital transformation journey. By investing in smart IT choices, MSMEs can derive valuable insights from business-critical data and manage operations effectively while optimizing finances at the workplace. At the initial stages of a business, time and cost efficiency are of the essence to realise real-time success, resulting in sustenance of the organization." Gupta said.

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He added, " MSMEs require flexibility to manage workloads – upgrading existing IT infrastructure by raising their capabilities to manage future workloads will give them the edge over competition, offer optimal services to customers and strengthen their relationships with partners in the age of digital transformation. As we progress into the digital era, MSMEs need to be aware of the changing dynamics in IT and build resiliency to face the challenges of upcoming times."

"Dell Technologies is one of the leading business-driven IT infrastructure solution providers offering customized enterprise support to organisations of every size, scale, and sector. With our broad portfolio of solutions, the right server, storage, cloud, and cybersecurity solutions will help shape the future for MSMEs, turning them into profitable enterprises who take actions on the basis of cutting-edge insights, for mapping progress through the market of tomorrow,” he further said.

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While the Covid-19 pandemic and the subsequent lockdowns affected the MSMEs in a major way, they are getting back to normal levels. This was revealed in a survey by digital lender NeoGrowth Credit. It stated, "Loan demand from MSMEs is back to 99% of pre-pandemic levels in non-metro cities by March 2022, but just 81% in metros".