Artificial intelligence (AI) brings with it a wealth of opportunities for businesses, and it is the technology they are most excited about. But the digital skills gap could delay companies using it, according to two new studies.
More than 95 per cent of over 1,000 companies in France, Germany, the United Kingdom, and the United States said the integration of new technologies is crucial for their competitiveness, according to a study by Paris-based tech and start-up event Viva Technology (VivaTech) and consultancy company Wavestone.
Another report by Amazon Web Services (AWS) found that AI adoption is forecast to unleash €600 billion growth in Europe’s economy, but small to medium-sized enterprises (SMEs) said they had significant barriers to adopting the technology due to finding the right talent, regulatory concerns, and the cost of implementation.
“Europe stands on the brink of an unprecedented opportunity,” said Tanuja Randery, Managing Director of AWS Europe, Middle East and Africa (EMEA).
“Businesses recognise the benefits of AI to their growth and productivity. SMEs account for more than half of Europe’s GDP, and confronting the challenges that are holding back their digital journey is vital”.
Read more:
https://www.euronews.com/next/2024/02/06/ai-is-the-most-promising-tech-for-businesses-but-a-skills-shortage-stands-in-the-way-studi
