Small and medium-sized enterprises (SMEs) play a vital role in the global economy, contributing significantly to employment and GDP. However, these businesses often face intense short-term pressures, limited expertise, and resource constraints. In the rapidly evolving landscape of the Fourth Industrial Revolution, embracing technology becomes crucial for their survival and growth.
The challenges that SMEs face are unique. Despite their economic contribution, SMEs have experienced a decline in their significance to GDP. Technological adoption, if they are working on leading-edge technologies, remains a key challenge. Approximately 25% of SMEs cite keeping up with technological demands as a top issue. Moreover, effectively using data from systems and maximizing data investments prove difficult for 64% and 74% of SMEs, respectively.
“Deconstructed work” offers a promising solution for SMEs in the hardware industry.
Here’s how it benefits them:
- Flexibility and Scalability: Instead of resourcing the projects with expensive agencies and full-time employees, SMEs can address them in smaller chunks, getting the right resources for the needed time for these components. This flexibility allows them to build skills, expand their portfolio, and manage their cost levels.
- Risk Mitigation: By pushing a larger workload to a small number of employees, SMEs risk burnout among key employees. Using a deconstructed workforce enables the workers to contribute in areas where they excel.
- Access to Talent: Deconstructed work enables SMEs to tap into a global talent pool. They can collaborate with experts on specific tasks without committing to full-time hires. This also aid in diversity of the workforce and, thus, the quality of output.
- Cost Efficiency: SMEs can allocate resources more efficiently by insourcing talent on demand for specific components. This approach minimizes overhead costs and maximizes productivity. The deconstructed workforce brings their vast experience, which accelerates the learning of the SME.
- Innovation and Adaptability: Deconstructed work encourages experimentation and innovation. SMEs can iterate rapidly, responding to market shifts and customer needs
Case study: A hardware startup:
At Tasker, we worked with a small hardware startup specializing in IoT devices. Instead of developing an entire smart home system themselves, we helped them deconstruct the project.
Hardware Design: The startup collaborates with a small number of freelance hardware engineers to design a compact, energy-efficient sensor module through Tasker. These engineers contributed to the elements they are good at, resulting in a robust hardware platform that will accommodate a strong portfolio of applications in the company’s roadmap.
Software Development: They engaged two software developers to create the firmware for the sensor module. With the founder playing the System architect role, the engagement resulted in a strong software module.
Cloud Integration: A cloud services specialist from Tasker sets up the data storage and analytics infrastructure.
User Interface: An in-house UI/UX designer creates an intuitive mobile app for users.
This startup benefited from specialized expertise, on-time availability of the engineers, & cost savings, resulting in faster time-to-market.
Deconstructed work empowers SMEs in the hardware industry to thrive amidst challenges. By breaking down projects, accessing global talent, and optimizing resources, these businesses can remain competitive and innovative. As the Fourth Industrial Revolution continues, embracing deconstructed work becomes essential for SMEs to unlock their full potential & become the growth engine of the economy.
Remember, the hardware industry is evolving rapidly, and SMEs has a need to adapt at a higher speed. Deconstructed work offers a strategic advantage, allowing them to stay agile, efficient, and resilient in an ever-changing landscape..
Want to know more? reach out to Taskerplatform.com
