A RESEARCH AND ANALYSIS ON INFLUENCE OF INFORMATION TECHNOLOGY ON SMALL AND MEDIUM ENTERPRISES

The important aspect of Small and Medium Enterprises (SMEs) in economic development and poverty reduction cannot be overstated. The definition of SMEs is not standard. It has different meaning according to the scenario. Some authors differentiate them on the basis of capital assets on the other hand some define them on the basis on the skill and turnover. Small and medium entrepreneurs in India in business habit for longevity as they are domestic in their nature of movement but they need to counterfeit ahead only through worldwide unification even though the local institutional frame work and not rigid in encouraging the development of SMEs towards the world economy as those of other countries. Thus, the problem that is identified for this study is how the SMEs be developed to meet the challenges faced globally with the available infrastructure and utility. Information Technology is seen as the spine of the financial system. This could also be analysed as the aid of the economy therefore the success of an economy is entirely based on its financial system. A broad opening in technology has been experienced in the industries and they are currently taking advantage of the innovations to provide better improved customer and more efficient services that will enhances productivity (Akimuli,1999; Ovia,2005). This study will therefore find out the role or impact which the adoption of information technology on small and medium scale industries. It will provide a basis or proposed recommendations which can be re-adjust to the threats, opportunities, features technological competition and contingencies. The adoption of information technology in industries is also attributable owing to the fact that, it is also attributable, customer satisfaction, improve operational efficiency, reduce the running cost, and reduce transaction time. This work will be used as a case study for this research so as to realize its significant impact to guarantee their growth.