Budget 2020: Accelerating growth for MSME - Can AI help?

#artificialintelligence 

Budget 2020: India has made rapid strides in expanding the MSME (Micro, Small and Medium Enterprise) sector and adopting digital technologies. Technologies like Artificial Intelligence (AI) offer great promise and raise apprehensions at the same time and it will take the concerted efforts of all key stakeholders in the ecosystem to create a framework for maximum benefit while acknowledging the challenges in the most pragmatic manner possible. Here, we seek to explore how best the AI technology toolkit can accelerate business performance for MSMEs; followed up with a set of recommendations for the key stakeholders in this arena. The time is right and it is now. Embedding AI across key business functions has the potential of driving exponential impact on key business levers- innovation, growth and efficiency.

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