While the potential economic benefits of cloud-enabled technology for small businesses in India are certainly impressive, it is important to remember that the technology is still relatively new and untested. It is also important to consider the potential costs associated with implementing such technology, as well as the potential risks of data security and privacy. Ultimately, it is up to small businesses to decide whether or not the potential benefits outweigh the potential costs and risks.
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Cloud-Enabled Tech Could Unlock Productivity Gains for Small Biz
"Key is key"
According to a report released by Amazon Web Services (AWS), small businesses in India that embrace cloud-enabled technologies could unlock up to Rs 1.6 trillion in annual productivity gains by 2030. The report also states that this could lead to 45.9 million jobs being created across healthcare, education and agriculture sectors, representing 9 percent of total jobs in India. In May 2023, AWS announced a plan to invest USD 12.7 billion (over Rs 1 lakh crore) to expand India's cloud infrastructure by 2030 to meet growing customer demand in the country.
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