Question

Which business or industry sectors have the most startups companies that consider a small and medium enterprise (SME's)? To what extent the enterprise systems is important in this era? please support your answer by giving an example?

Answer 1

The solution for the problem is provided below, please comment if any doubts:

Most startup companies are in the IT sector

• The IT sector is the one that need only less physical infrastructure investment mainly human resources and intellectual properties are need to establish an IT sector startup.
• So most of the startup companies are comes in IT industry.
• The world is swiftly moving towards the smart world this provided large possibilities of business.

The enterprise systems are important in this era since:

• Enterprise systems are software that used in companies to perform large scale and multiple operations.
• The companies are not interested to go for various system for their various purposes. They need to run the company very smoothly, there the enterprise systems comes into scene.
• The moderns companies composed of many departments and many independent type operations. To track and manage these multiple operations the enterprise systems will be more useful.
• Resource utilization can be reduced to a greater extend by using the enterprise systems.

For example: Consider a banking and finance company, they need to concentrated on the banking functions, they are not interested in spending time and resources for a accessory function like implementation of security to their system, track the log to find the transaction bugs, and employee related functioning. An enterprise system can perform these task without any third part vendors. The enterprise systems are equipped with the necessary functional units to make the system function very smoothly.