Niti Aayog and ABB Ability Innovation Centre on Tuesday organised a workshop to discuss regulatory and financial concerns relating to the adoption of Artificial Intelligence (AI) and automation technology by MSMEs. The industry and policymakers discussed various aspects of AI and automation adoption.

"At ABB Ability Innovation Center we have brought all stakeholders of MSME value chain to identify the roadblocks they face in growth, be it in business models, financing or skilled labour, and together find ways in which we can address the same using tools ranging from policy to technology. As India gets recognized as a global hub for AI technologies and Industry 4.0 reshapes global manufacturing in the coming decades, we look at companies like ABB with a legacy of global technology leadership to lead this revolution by enabling our vibrant MSME base," said Anna Roy, Senior Adviser, Niti Aayog.

The workshop was focused on exploring innovative business and economic models to accelarate technology adoption by MSMEs while optimizing costs by bringing together entrepreneurs, policymakers, state government functionaries and technology experts. 

Last year, Niti Aayog and ABB Ability Innovation Centre had signed a statement of intent to support the government to realise its 'Make in India' vision through advanced manufacturing technologies that incorporate the latest developments in robotics and Artificial Intelligence.

Niti Aayog recently also organised a day-long FinTech Conclave at Dr. Ambedkar International Center, New Delhi to shape India’s continued ascendancy in FinTech, build the narrative for future strategy and policy efforts, and to deliberate steps for comprehensive financial inclusion.

Published On : 27-03-2019

Source : SMB Story