Digital adoption in India has been phenomenal, and the rate at which emerging technologies are embraced by Indian businesses is equally impressive. Part of the reason why the Indian market is more amenable to digital adoption is the fact that it is the hub of software development and outsourcing since the early 1990s.
From those early days of information boom to today’s Blockchain development and mobile eCommerce, India has come a long way and is much ahead of other nations. Yet, digital adoption needs to take place at the grassroots level and most Indian businesses today have not exploited the infrastructure and services available to them to bring their products and services to the global market. There are some important reasons why Indian businesses in general, have not adopted technology to boost their ROI, unlike their tech counterparts who offer technology-related services and products to a global clientele.
While the Indian eCommerce industry is growing at a rapid pace, regular businesses, stores, and enterprises are still treading slowly when compared with global peers. This unique dichotomy exists not only in India, but also in other emerging countries where a certain tech-savvy section of the business community adopts digital, while the rest of the business and enterprise community does not make use of the facilities, services, and infrastructure readily available to them.
Why are Indian businesses slower in digital adoption?
To the casual observer, India seems like the hub of all software and technology related activities. After all, India serves as both the backend and frontend of the world’s technology-based economy. Yet, in its own backyard, businesses are slower in adopting a technology, and a closer inspection will reveal that most small and medium businesses in India’s hinterland are simply not made use of the digital tools available to them easily. This is mostly because :
Much of India is rural, and even in the larger cities, business owners do not have information related to digital technologies available to help boost their businesses. There aren’t many outreach programs for business owners to refresh them about the latest technologies such as IoT, artificial intelligence, Blockchain, or even various facets of cloud computing and automation. The result is, businesses still use outdated marketing techniques, spend more money and time on campaigns that do not fetch the results they seek, and traffic that simply doesn’t convert.
While Indian tech companies virtually run much of the global economy, back home, businesses do not have access to services and products available to their international peers. Businesses have still not adopted eCommerce technologies, many still use manual methods in place of automated solutions, and advanced conversion rate optimization techniques, etc. are still unheard of. Making existing digital facilities available to Indian businesses is crucial to digital adoption in India. Both cloud infrastructure and marketing automation solutions are widely available for international businesses, but yet out of reach for most Indian businesses simply because they are not easily accessible.
While there are several technical consultants in larger cities of India, the consulting guidance and support available to businesses are not adequate. There simply isn’t a cohesive network of technology service providers dedicated to bringing digital solutions to Indian businesses. Regional digital summits are crucial in helping raise awareness about facilities and infrastructure available to businesses of various statures to lunge forward. Regular summits can help businesses to not only understand the products and services available to help them adopt digital solutions but also to scale quickly.
While lack of information and inaccessibility of digital solutions can be blamed for slower adoption among Indian businesses, there is also an absence of digital-first culture among many businesses. Many businesses still hold on to legacy systems and operations which are not relevant anymore. these methods, tools, and technologies simply hold them back, while their competitors who adopt newer tools and methods achieve success quickly. With this in mind, there need to be more digital events, summits, and conferences which normalize digital adoption among the Indian business community.
The Digital Success Summit, 2018
It is with all these reasons in mind that the Digital Success Summit has been organized. The summit brings together a variety of speakers, keynote presenters, and workshops to participating businesses and entrepreneurs, to help them adopt digital solutions quickly and efficiently. The Digital Success Summit 2018 will be held in Kolkata, West Bengal, on the 10th of August. The summit will help business owners to adopt the most useful digital strategies to achieve success and growth. The conference will help businesses to
The Digital Success Summit has been specifically organized to help Indian businesses to overcome the hurdles in adopting digital solutions, and get past their cultural barriers to embrace a brave new world which will lead them along the path of competitive edge, global success and business efficiency. From digital infrastructure to media and advertising, and from business enhancing catalysts to KPIs and analytics, the summit has got all things digital covered for businesses to achieve success.