India, April 9 -- While enterprise solution companies are in the process of deploying GenAI, Tejas Goenka, the MD of Tally Solutions has said that trusting the emerging tech remains a key challenge for small and medium-sized businesses due to data concerns.

Goenka said this during a fireside chat, Leveraging AI to Empower MSMEs in a Digital-First Economy, moderated by Kshitij Shah, the CTO of Ratnaafin Capital.

"While there is enthusiasm around AI, there are also concerns on how the sensitive data of businesses is being used," the Tally Solutions MD said.

He added that since most AI tools today are predictive in nature and much of the data remains unstructured, AI can sometimes produce inaccurate results.

Despite these concerns, Tally...