Industry experts think the 80/20 rule applies to an organization’s business software needs irrespective of the industry, 80 percent of the digital requirements are standard for all of them while the remaining 20 percent are industry-specific. Industry-based solutions and add-on modules are also available.” With cloud-based ERPs, which are now available with more cost-effective options including the subscription model. Since cost is a major factor that comes up when discussing ERP for SMEs, the industry is ready now with ERP solutions for SMEs. But, from now on, as cloud adoption picks up pace, we will begin to see more and more businesses moving their entire operations online for better ROI. “In the present-day, organizations leverage hybrid and multi-cloud architecture patterns to run their business operations. ![]() Cloud-based, low-code platforms give businesses the power in creating custom ERPs for their industry and the trend that’s spreading across the SME landscape. ![]() However, the inclination to move in this direction is based on a range of factors that include organizational attitude or mindset, skillsets, and adaptability of employees, security concerns, investments already made for ‘on-premise technologies.”Īccording to reports, there are nearly 350,000 SMEs in the UAE and this entails a substantial market size of a minimum of $1.09 billion. George K Thomas, chief executive officer of leading customer-focused IT solutions provider Pinnacle Technologies, suggests that “Cloud solutions make sense in many scenarios, even if it is not easy to generalize.
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