Micro, Small & Medium Enterprises Advancement with Artificial Intelligence and Robots

Abstract

Artificial Intelligence is becoming more prevalent in today's era and adaption of it is in almost every sector. Micro, Small & Medium Enterprises (MSMEs) use AI as a tool for accelerating growth because they have limited resources. This study begins with the introduction of technology and the constraints to adopt Industry 4.0 in MSMEs and the idea of Industry 4.0, which has been introduced into MSMEs with some remedies. It includes the study of Industry 4.0 in which robotics is an important technology that offers a wide range of capabilities in the manufacturing sector. The automation system has been improved by this technology and robotics is gradually leading to the manufacturing high-quality goods. Further talks about the Human-Robot collaborations in MSMEs and then how robots are becoming increasingly popular among MSMEs. In many intelligent factory robots use AI to perform high level tasks. The study also consists of various challenges faced in MSME sector and also includes suggestions and conclusion. The adoption of AI and collaboration of human-robot has proved to be bustling over time to time in the MSME sector.