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Digital Transformation & the SME sector
K. Sarveswaran (Sarves)University of Jaffna
iamsarves.com
Small and Medium Enterprises (SME)
National Policy Framework for Small Medium Enterprise (SME) Development, Sri Lanka.
SME in Sri Lanka
National Policy Framework for Small Medium Enterprise (SME) Development, Sri Lanka.
Digital Transformation
http://smallbusiness.co.uk/
Have we transformed?
We have good website, isn't it good enough?
We have an email address?
We use XXXX to manage out accounts?
We use Computers to type letters?
Digital Transformation
The acceleration of – business activities/processes, – competencies – and models – to fully leverage the changes and
opportunities of digital technologies and their impact in a strategic and prioritized way.
Affects all levels of an organization and even its extended supply chain
Improving the experience of customers and technology innovation are key factors
http://www.cio.com
Key recommendations for success
https://www.accenture.com
Why?
Otherwise will not exist
Now what we see...
Need of Blue Ocean Strategy
By W. Chan Kim and Renée Mauborgne
Exports from SMEs
Exports represent about 6.2 and 11 percent of
total sales of small and medium scale
enterprises (http://dailynews.lk/2016/11/30/business/100590)
There are 3,027 SMEs registered as exporters.
However, they contribute to less than 5
percent of Sri Lanka’s exports (compared to
235 large firms, which account for bulk of the
export revenue) (http://dailynews.lk/2016/11/30/business/100590)
Diaspora
We used to think different!
Vision of the National Policy Framework for SME Development
create significant number of globally competitive,
dynamic, innovative, technologically driven,
eco-friendly and sustainable SMEs that
contribute greatly to the national economic
development.
Fourth Industrial Revolution
The First Industrial Revolution used water and steam power to mechanize production.
The Second used electric power to create mass production.
The Third used electronics and information technology to automate production.
Fourth Industrial Revolution is building on the Third, the digital revolution that has been occurring since the middle of the last century. It is characterized by a fusion of technologies that is blurring the lines between the physical, digital, and biological spheres.
Changes are very rapid
Lets trigger digital transformation!
Digital Transformation & the SME sector
Thank you
K. Sarveswaran (Sarves)University of Jaffna
iamsarves.com
