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Abstract

The purpose of the study is to analyze the opportunities and the challenges associated with the adoption of Information technology in the Indian SMEs. The significant usage of Information Technology in the SME sector and the factors that influence the business are discussed. SME industry in India has shown substantial growth over the past few years. The implementation of new technologies tends to offer better opportunities to the companies particularly for SME sector in India. However, there are a few challenges associated with technology adaptation that needs attention. This research is focused on improved business quality and responsiveness towards market opportunities while using the latest technologies available. This study is based on a review of research journals and articles including news magazines concerning current SME market situation in India. The current market scenario of Indian SMEs, as well as several policy interventions and new trends in the market were discussed.
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Authors and Affiliations

Ibrahim Khan
Stefan TrzcieliƄski
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Abstract

Technological progress is the driving force behind industrial development. It is a multidimensional and multi-level phenomenon. In this article we focus on its three manifestations: information and communication technologies (ICT), Industry 4.0 and agile manufacturing. The aim of this article is to analyse the relationship between these constructs as they are undoubtedly interrelated. ICT plays a key role, but it is not a goal itself. They are a prerequisite for the implementation of Industry 4.0, but together with it they serve to achieve agility by the manufacturing system and, as a result, achieve a competitive advantage by companies operating in turbulent and unpredictable environment. The literature findings in this paper are part of a broader study conducted on the impact of ICT on agility of SMEs operating in India. Therefore, we include also subsections showing the level of this relationship in Indian SMEs.
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Authors and Affiliations

Ibrahim Khan Mohammed
Stefan Trzcielinski

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