5 startups that are helping MSMEs with business automation
MSMEs play a critical role in rural development by creating jobs and fostering industrialization at the grassroots level. Find out five startups that are helping MSMEs with business automation, thereby boosting their productivity. India has 63 million Micro, Small, and Medium-sized enterprises (MSMEs), which generate around 6.11 percent of the manufacturing GDP, 24.63 percent of the GDP from service activities, and 33.4 percent of India's manufacturing output. The MSME sector is not being left behind as India undergoes a digital transformation. Artificial Intelligence (AI), Augmented Reality, Data Analytics, Financial Accounting, and Machine Learning are examples of cutting-edge technology that have spawned new business models and empowered small enterprises. These technologies can assist MSMEs in automating and generating data from their everyday operations, as well as connecting with stakeholders (such as financial institutions, customers, or suppliers) in ord...