‘Cloud, AI can unlock ₹1.6 trillion for small biz’
₹1.6 trillion in annual productivity gains and support 45.9 million jobs by 2030, a report said on Thursday. The jobs are likely to be created in healthcare, education, and agriculture sectors by 2030, representing 9% of total jobs in the country, according to Amazon Web Services report (AWS), conducted by global professional services firm Accenture.
India’s current rate of at least basic cloud adoption for all businesses, such as the use of web-based email services or cloud-based storage solutions, is at 28%, the report said. “By adopting advanced cloud-enabled technologies like generative AI, small businesses can accelerate their growth and digital transformation," said Deepti Dutt, leader, Verticals, Public Sector, AWS India Private Ltd.
Notably, the report said moving to the cloud can facilitate remote healthcare consultations, improve access to education, and enhance precision agriculture, among others, which contribute to achieving the United Nations’ Sustainable Development Goals (UN SDGs). The report estimated small businesses in India can help unlock ₹1.1 trillion in annual productivity benefits in agriculture.
In healthcare, cloud-enabled small entities can help unlock ₹199.5 billion in annual productivity benefits and support 47 million telehealth consultations in India by 2030. In education sector, cloud-enabled small businesses can help unlock ₹291.6 billion in annual productivity benefits in education and provide 99 million students in India with e-learning solutions by 2030, according to AWS.
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