SMEs are the backbone of the economic growth of an economy in operating industrial development. Small enterprise is the business whose personnel numbers fall between Rs 25 lakh to Rs 5 crore and whose personnel number falls between Rs 5 crore to Rs 10 crore is medium enterprise. The total number of employees on the small enterprise is 10 to 49 and 50 to 250 on the medium enterprise. SMEs start their business on a local level and eventually increases their market area with an increment in employees and investment.
Information Technology is having such a huge impact on all aspects of life, and the global economy. Technology gives benefits to an enterprise in so many ways. Being able to learn proper uses can help to accelerate the performance of an organization. Different software can be used to keep records of the finance of the organization. Since the basic attribute of an electronic device is accuracy, we can be ensured that data are reliable. Transaction of money and resource is more secure and private, and can also be done without the involvement of a third party. The production of products can also be done at a higher rate as the working capacity of the machines is higher than that of a human being. Digital marketing can be done in order to reach people who are stayed in their homes. It also gives a huge boost to the expansion of the organization. It also takes significantly less amount of money compared to marketing physically and saves time as well. Effective communication can be done by people who are located in different places. Video conference and meetings can be held that saves time and cost.
Therefore, the adoption of technology improves organizational performance in terms of profit, growth, and market share. Technologies also help in saving human resources. The improved perspective of technology leads to the inclination toward the usage behavior of innovation at the organizational level. Without using technologies, SMEs would face serious, and fatal consequences in the future.