Wednesday, February 8, 2023
National Skills Network
  • Home
  • Skill Story
  • Skill Talk
  • News
    • Events
    • News digest
    • NSN Newsletter Archives
    • NSN PDF Newsletter Archives
    • Other Newsletters
  • Resources
    • How To’s
    • Reports
    • E-books
    • Learning Videos
    • Upcoming webinars and virtual events
  • Skill2Jobs
    • Employability Skills
    • Apprenticeships & Internships
    • Jobs
    • Projects
  • About us
    • Our Team
    • Our Clients
    • Our Services
    • Advertise with us
  • Success Stories
No Result
View All Result
  • Home
  • Skill Story
  • Skill Talk
  • News
    • Events
    • News digest
    • NSN Newsletter Archives
    • NSN PDF Newsletter Archives
    • Other Newsletters
  • Resources
    • How To’s
    • Reports
    • E-books
    • Learning Videos
    • Upcoming webinars and virtual events
  • Skill2Jobs
    • Employability Skills
    • Apprenticeships & Internships
    • Jobs
    • Projects
  • About us
    • Our Team
    • Our Clients
    • Our Services
    • Advertise with us
  • Success Stories
No Result
View All Result
National Skills Network
No Result
View All Result

Ministry of MSME leverages the power of AI/ML to strengthen Indian MSMEs

by Pratyusha Tripathy
October 15, 2020
in Government, News

The Ministry of MSME is leveraging the power of artificial intelligence (AI) and machine learning (ML) to empower the MSMEs across the country. It has taken Covid-19 as a challenge and is converting it into an opportunity with futuristic interventions. In a major initiative, the ministry has on boarded the latest IT tools of AI/ML for providing assistance and solutions to the issues of micro, small, and medium enterprises (MSMEs). 

In this difficult period, the Ministry is not only whole-heartedly supporting the MSMEs and trying to convert this crisis into an opportunity, but is in fact making them break their barriers, make a paradigm shift and become champions.

The Ministry, in collaboration with Intel, 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. It has emerged as one of the front runner platforms for the MSMEs in a very short span of time.

Ministry of MSMEAdvantages of implementing AI 

  • Enabling and Optimizing their Champions portal with AI and Analytics technology to derive insights;
  • This is helping them in understanding the issues in real-time which includes information intelligence and sentiment analysis based on widely available Social media and Online data.

AI and ML analytics can be seen at the “AI Corner” at the following link on the Ministry’s champions portal.  https://champions.gov.in/msme_grievances/news_opinion/analytics.htm

After the first phase of implementing AI, the second phase would be relatively easier for which the trail is on going. The second phase would be directed towards real-time grievance redressal and management which includes-

  • Increasing the performance of control rooms & officers through AI enabled Chat Bots for faster response to the query of portal users.
  • Give Real-time, detailed analytics across the entire workflow of its single window system and grievance redressal through Champions portal for effective resolution and greater stakeholder satisfaction.

The ministry 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.

Also read: NSDC collaborates with LinkedIn to accelerate digital skills training for Indian youth  https://www.nationalskillsnetwork.in/nsdc-collaborates-with-linkedin-to-accelerate-digital-skills-training/

Tags: Artificial Intelligence (AI)machine learning (ML)Micro small and medium enterprises MSMEsMinistry of MSME
Previous Post

Restart of Industrial Training Institutes (ITI) after lockdown

Next Post

The revival of Tourism and Hospitality Industry post COVID-19: Skills, jobs and entrepreneurship

 

Next Post
The revival of tourism and hospitality industry post COVID-19

The revival of Tourism and Hospitality Industry post COVID-19: Skills, jobs and entrepreneurship

Comments 2

  1. Pingback: MSDE and NCVET unveil new guidelines and operation manuals
  2. Pingback: Newsbytes on Skill Development and Vocational Training – 20102020

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Subscribe to our E-magazine and newsbytes

  • Trending
  • Comments
  • Latest
Siemens Technical Academy STA

Siemens Technical Academy (STA), Mumbai – German Dual VET transforms the lives of youth in India

October 8, 2018
10 best online learning portals in India for students and teachers

10 best online learning portals in India for students and teachers

June 26, 2020
Skill development government schemes in India

Top 10 organizations, missions and schemes for skill development, livelihoods and gainful employment

May 29, 2016
BSNL certified vocational internships

BSNL certified vocational internships for engineering diploma students

May 25, 2020
Siemens Technical Academy STA

Siemens Technical Academy (STA), Mumbai – German Dual VET transforms the lives of youth in India

284
Pradhan Mantri Kaushal Kendra PMKK

Pradhan Mantri Kaushal Kendra – PMKK

98
Recognition of Prior Learning RPL

Recognition of Prior Learning – RPL

81
B.Vocational Degree

B.Voc Degree Courses: What do they offer and who can apply?

79
NSN weekly newsbytes

NSN Weekly newsbytes on skills, education and training- 07022023

February 7, 2023
Top 5 ways Higher Education Institutions (HEI) can meet the needs of the industry

Top 5 ways Higher Education Institutions (HEI) can meet the needs of the industry

February 6, 2023
Colombo Plan Staff College (CPSC) Enhancing global competitiveness of TVET

Colombo Plan Staff College (CPSC): Enhancing global competitiveness of TVET

February 4, 2023
The future is 5G

The future is 5G: Up your game with the top skills for a rewarding career

February 3, 2023

About us

National Skills Network (NSN) captures and shares the positive impact of various training, skill development and vocational education initiatives in India.

To know more about Our Team: Click here

Follow us

Address

National Skills Network – NSN
NSN Digital Solutions Pvt Ltd.
Gachibowli, Hyderabad – 500032
Email us: contact@nationalskillsnetwork.com

Subscribe to our E-magazine and newsbytes

  • About us
  • Privacy Policy
  • Advertise with us
  • Contact

Copyright © 2023 National Skills Network - NSN

No Result
View All Result
  • Home
  • Skill Story
  • Skill Talk
  • News
    • Events
    • News digest
    • NSN Newsletter Archives
    • NSN PDF Newsletter Archives
    • Other Newsletters
  • Resources
    • How To’s
    • Reports
    • E-books
    • Learning Videos
    • Upcoming webinars and virtual events
  • Skill2Jobs
    • Employability Skills
    • Apprenticeships & Internships
    • Jobs
    • Projects
  • About us
    • Our Team
    • Our Clients
    • Our Services
    • Advertise with us
  • Success Stories

Copyright © 2023 National Skills Network - NSN

loader