DIGITALISATION AND THE POWER OF SAAS FOR SMALL AND MEDIUM ENTERPRISES

As small and medium enterprises SMEs) face increasing pressure to innovate and accelerate time-to-market, adopting digital transformation is crucial. Leveraging Software as a Service SaaS) offers SMEs an affordable, scalable solution to streamline operations, boost productivity, and remain competitive in today’s fast-paced market.

-  Mathew Thomas

As technology advances at a rapid pace, consumer demand for innovative, smart, and connected products is pushing manufacturers to accelerate time-to-market efficiently and sustainably. Complex designs and supply chain disruptions are further complicating the process, making effective collaboration among employees, stakeholders, contractors, suppliers, and partners essential. Currently, around 70 per cent of issues arising on factory floors go unreported due to the lack of streamlined documentation methods for line workers. To address these challenges, manufacturers must adopt a digital transformation strategy with a multi-engineering approach across the entire product lifecycle. Leveraging a Software as a Service (SaaS) model can enable manufacturers to collaborate more effectively across departments and networks, ensuring smarter decisionmaking and timely product delivery.

SAAS: A COMPETITIVE ADVANTAGE

For small and medium businesses (SMBs) and startups, limited cash flow, small teams, and a shortage of technical resources, such as IT expertise, can jeopardise their success. Remote workers and contractors further complicate operations. Digital transformation through SaaS offers SMBs and start-ups a critical competitive edge by providing the agility and scalability needed to navigate these challenges. By tracking real-time data, companies can ensure successful product delivery, enabling SMBs to respond swiftly to market conditions and make informed decisions to stay competitive.