Small and Mid-Sized Businesses Are at Risk of Getting Left Behind When It Comes to AI Adoption

Small and mid-size enterprises (SMEs) are at risk of getting left behind when it comes to AI. Large firms in Europe have been adopting artificial intelligence nearly twice as fast as SMEs, according to a study by Ipsos for the European Commission 2020. This represents a missed opportunity for all SMEs, which employ nearly half of the world’s labor force (source: World Bank). Left unchecked, this uneven AI adoption rate could widen the existing productivity gap between SMEs and large firms – France's gap is currently at 26% and Turkey’s is 60%. Governments are seeking to break down the barriers to AI adoption, as even halving this global productivity gap could add 7% to the global GDP. Whether building AI solutions from scratch or using pre-packaged solutions, what ultimately matters is that SMEs leverage AI where it can help them most. #WeNeedToLead

ABOUT Richard Attias & Associates:
Our vision is to empower governments and corporations to lead and drive impact, and our mission is to invent and curate influential platforms and memorable live experiences with sustainable blueprints.

We are a high-end strategic communication advisory firm specializing in the areas of experiential advocacy and economic diplomacy. We provide the ideas, connections and platforms to guide our clients — corporations, governments, NGOs and non-profits — towards tangible results. Years of experience in advising in global communications and nation branding have led us to certain conclusions about how best to design physical and virtual platforms that drive successful outcomes, near- and long-term. We deliver an end-to-end thought-leadership journey, from strategy through network management to operations. Ultimately, the experience will be one of high stimulation, informed discourse, and seamless collaboration — all leading to strong output and extended value.

Since 2008, RA&A has served as a global catalyst and adviser to governments, as well as a nation branding expert, producing political, economic and cultural forums and events, inventing and reinventing ways to elevate and empower today’s and tomorrow’s global decision makers. To win in an unpredictable environment, nations require high-profile initiatives through which to raise awareness and propel action.

Richard Attias & Associates has more than 100 associates across the globe, with offices in New York City, Paris, Dubai, Riyadh, Dakar and Beijing.