Use of AI expands scope of B2B networking, augments jobs, says IndiaMart CEO


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New Delhi, Jul 22 (PTI) The use of artificial intelligence has expanded the scope of business-to-business networking, triggering the need for a bigger workforce in the sector, according to Dinesh Agarwal, CEO of online B2B marketplace IndiaMart. In order to serve an increased number of traffic on the platform, Agarwal said the company expects to add around 1,000 people to its workforce every year. In line with the business growth, "we can see about 20 per cent number of people being added in a year", he added. AdvertismentThe networking process becomes complex as B2B transactions are more bulky and are carried out in a highly customisable manner, he explained. At the same time, the government's move to reduce corporate tax from 30 per cent to 25 per cent also added competitiveness of Indian exporters.