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Opportunities, Enablers, and Challenges of Smart Technologies and AI Adoption in SMEs
Abstract
SMEs play a vital role in global economies, contributing significantly to job creation and economic growth. The rapid evolution of smart technologies and AI presents both opportunities and challenges for SMEs. This chapter provides a comprehensive overview of the key opportunities, challenges, and enablers related to the adoption of smart technologies and AI in SMEs. It explores the landscape of SMEs in the context of adopting these technologies, covering opportunities and challenges. It concludes by discussing potential future prospects for SMEs in the realm of smart technology and AI integration, setting the stage for future research. This guide offers practical implications for SMEs, business leaders, researchers, and policymakers, facilitating their transformation into technology-driven organizations. The findings highlight the significance of addressing challenges proactively and leveraging enablers to harness the full potential of smart technologies and AI for sustainable growth and competitive advantage.
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