Artificial intelligence: Changing landscape for SMEs

Artificial Intelligence (AI) could trigger a new production revolution, radically transforming business practices and conditions. This report aims to provide an understanding of what AI is, its potential impact on SME activities, and barriers to adoption. The first section examines the rise of data-driven AI systems. The second section looks at the implications of these technological changes on SME practices and business environment. It looks at how AI can drive greater efficiency in the SME sector, across different industries and along SMEs’ internal value chain, as well as how AI can improve SME business conditions. The third section discusses how AI diffuses differently within the SME sector, and elaborates on the barriers and challenges smaller businesses face when they consider AI adoption. (PHOTO from https://www.sme-news.co.uk/)
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