Ministry of MSME utilizes AI and ML

The Ministry of MSME has implemented AI (Artificial Intelligence) and ML (Machine Learning) tools to get insights into MSME (Micro, Small, and Medium Enterprises) related issues and grievances for their quick and effective resolution.

The Ministry of MSME has onboarded latest IT tools of AI and ML for providing assistance and solutions to the issues of MSMEs. The Ministry has implemented AI and ML on its robust Single Window System ‘Champions’ which was launched by the Prime Minister on 1st June, 2020. This multi-modal system has a portal at virtual level and technology equipped physical control rooms at around 69 locations of the country and has emerged as one of the front runner platforms for the MSMEs in a very short span of time.

MSME Ministry further said that it is working aggressively to take the Nation and the MSMEs in the direction of Industry 4.0. They are not only adopting the technologies categorized as part of Industry 4.0 but are also encouraging the MSMEs to adopt the same. They are also helping the MSMEs to manufacture its essential and enabling products like sensors, motors, computer displays and other animation technologies.

MSME Minister Nitin Gadakari said that the entire concept and scope analysis and design has been done inhouse in the Ministry with the help of NIC and under guidance of the local team of Intel.

The Ministry said that with this spirit and possibility, currently they have started enabling and optimizing their Champions portal with AI and Analytics technology to derive insights; and understanding the issues in real-time which includes information intelligence and sentiment analysis based on widely available social media and online data.

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