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Episode 8 - Small Business needs AI to survive
Manage episode 447295641 series 3520547
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This article from Verslo Žinios explores the increasing adoption of artificial intelligence (AI) by small and medium-sized enterprises (SMEs) worldwide. The article highlights the importance of AI for SMEs to remain competitive, citing research that reveals over 80% of SMEs believe ignoring AI can hurt their competitiveness. While many SMEs are actively implementing AI, there are challenges such as a lack of infrastructure, data management issues, and security concerns that prevent them from maximizing AI's value. The article emphasizes that AI tools offer significant potential for SMEs, especially in areas like automating tasks and personalizing customer experiences. The author concludes by suggesting that the growing adoption of AI by SMEs, driven by a desire to improve results, adapt to market changes, and reduce costs, is a global trend that businesses in Lithuania should embrace.
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