How fintech is making smaller suppliers more resilient
An ASU expert investigates how digitization, blockchain technology, and artificial intelligence are changing the game for small suppliers.
In this story published Oct. 4, 2023, in Harvard Business Review:
The way fintech platforms can help small and medium-sized enterprises (SMEs) manage their cash flows is nothing short of revolutionary. These platforms can automatically compile transactional data and use artificial intelligence to analyze SMEs' transaction histories and make accurate forecasts of SMEs' future cash flows. This data-driven approach empowers SMEs to optimize their working capital and make more informed decisions, mitigating their risk of insolvency.
– Thomas Choi, AT&T Professor and co-director of the Complex Adaptive Supply Networks Research Accelerator
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