AI-powered Business Intelligence and Risk Assessment of 30 Million Indian MSMEs
In the bustling tech corridors of Bengaluru, a quiet revolution is taking place. For Amit, a textile entrepreneur in Surat, the struggle to secure accurate business intelligence and manage risk effectively was as intricate as the patterns he weaves. Like millions of micro, small, and medium enterprises (MSMEs) across India, Amit faced challenges that threatened to unravel his business. However, a new AI-powered platform promises to change the narrative for over 30 million Indian MSMEs.
Perfios.ai, India’s leading B2B SaaS TechFin, has announced the launch of KScan AI, a cutting-edge platform designed to revolutionize the way businesses approach KYC and KYB processes. With its advanced capabilities, KScan AI promises to streamline Know Your Customer (KYC), Know Your Business (KYB), and comprehensive entity assessments, offering a lifeline to businesses like Amit’s.
The Data Driven Reality
India’s MSME sector is the backbone of its economy, contributing to about 30% of the GDP and employing over 110 million people. Yet, data from the Ministry of MSMEs reveals that these businesses face systemic challenges, primarily in accessing efficient business intelligence and managing risk.
| Sector | Contribution to GDP | Employment |
|---|---|---|
| MSME | 30% | 110 million |
| Large Enterprises | 50% | 60 million |
Technology to the Rescue
The introduction of AI into business operations is not new, but its application in MSMEs for risk assessment and business intelligence is transformative. KScan AI uses artificial intelligence to conduct rapid, contextual assessments that previously required extensive manual labor and were prone to errors and biases.
According to a report by TechCrunch, the adoption of AI technologies like KScan AI is anticipated to boost productivity and reduce operational costs by up to 20% for MSMEs. By integrating AI into these critical processes, companies mitigate inherent risks while unlocking new growth avenues.
Industry Voices
Experts across the tech industry are echoing the sentiment that AI is the key to unlocking the potential of India’s MSMEs. In a Gizmodo article, tech analyst Rajiv Menon noted, “AI is no longer a luxury; it is a necessity for businesses that want to remain competitive in this digital age.”
Perfios.ai’s CEO, Ankit Mehta, stated in a press release, “With KScan AI, we aim to democratize access to advanced business intelligence solutions, empowering MSMEs to thrive in an increasingly complex market environment.”
Building a Smarter Future
The implications of AI-driven platforms extend beyond risk assessment and business intelligence. As PM Modi emphasized at the AI Impact Summit 2026, the democratization of AI can lead to a more equitable business landscape. This is particularly vital in a country like India, where MSMEs form the backbone of economic growth.
As The Verge highlighted, the broader adoption of AI in business processes is expected to create a ripple effect, enhancing transparency, reducing fraud, and fostering a more competitive economic environment.
Conclusion
The launch of KScan AI by Perfios.ai marks a significant milestone in the integration of AI in business processes for MSMEs in India. By enhancing business intelligence and risk assessment capabilities, it promises to transform the lives of entrepreneurs like Amit, offering them the tools to weave a more resilient and prosperous future.
For tech enthusiasts and industry stakeholders, the message is clear: the future of business intelligence and risk management is AI-driven. It is time to embrace this technology and explore its potential to revolutionize the business landscape worldwide.
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