Staying relevant: Reskilling workforce for AI, ML, IoT, era must for MSMEs, startups to survive, scale

Technology for MSMEs: At the wake of the COVID-19 pandemic, all companies were forced to make quick changes and decisions to ensure their business continuity. While large and mid-size corporations had the means and resources to drive these changes, the start-ups and SMEs with their limited resources and budget faced severe hardships, especially because of the cost-cutting measures they had to employ, like letting go of the majority of their workforce. In this scenario, the only way forward for them is through reskilling and upskilling their current employees to create a leaner and agile team that will be able to perform multiple functions.