Big Data and AI Recommend Suitable Businesses for SMEs

Jungjingong Introduces Suitable Business Recommendation Service

Small and Medium Business Corporation.

The Small and Medium Business Corporation announced on the 19th that it has newly introduced the 'Suitable Business Recommendation Service,' which recommends businesses optimized for the growth of small and medium ventures in real-time through big data and artificial intelligence (AI) analysis.

The Suitable Business Recommendation Service recommends optimized policy support projects so that small and medium ventures can benchmark the success stories of high-growth companies. By combining big data accumulated by the Small and Medium Business Corporation on business age, industry, finance, patents, certifications, etc., with AI technology, it provides real-time recommended business information through analysis of the projects and achievements supported by high-growth companies.

Companies using the service will receive real-time recommendations for support projects they need, moving away from the previous method of directly exploring and selecting the contents and conditions of various support projects from the Small and Medium Business Corporation. It is expected to shorten decision-making time and maximize support effectiveness.

Kang Seok-jin, Director of the Small and Medium Business Corporation, said, "Through this service, we will be able to recommend and support businesses optimized for company characteristics, thereby increasing the growth potential of companies," adding, "We will take the lead in supporting small and medium ventures based on digital technology in line with government policies such as the implementation of the Digital Platform Government."

This content was produced with the assistance of AI translation services.