HOW CAN MSMES BE FUTURE-READY?

08/08/2023 MSMEs, STARTUPS By LawWiser
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This video is for business owners who are concerned about how technology is rapidly changing the digital landscape and its impact on the economy. It emphasizes the importance of being future-ready by introducing certain changes in your business. The micro, small, and medium-sized business (MSMEs) sector plays a significant role in India’s socioeconomic growth, creating job opportunities and contributing to the country’s trade. To overcome past challenges and prepare for the future, MSMEs need access to international practices, cutting-edge technology, and innovative financing solutions.

 

To stay ahead in the digital transformation journey, businesses need a future-prepared workforce with modern skillsets and an innovative mindset. Change-makers with project management skills are essential to bridge the skills gap and support organizational growth. Automation using AI can help MSMEs streamline operations, freeing up time for staff members to focus on more complex tasks. AI-driven advanced analytics enable businesses to gain insights from their data, better understand customers and market trends.

 

Staying updated with changing laws and policies is crucial, and Lawwiser offers a solution by providing affordable subscriptions that keep businesses informed and connected with expert consultations. By embracing these changes, hiring skilled project managers, leveraging AI, and utilizing data insights, businesses can make informed decisions in real-time and stay competitive in the evolving digital landscape.

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