Microsoft: SMEs stand to gain £78bn from AI adoption

UK SMEs stand to gain £78Bn from AI, amid economic turbulence

UK small and medium-sized enterprises (SMEs) could unlock up to £78.1 billion in economic value by adopting artificial intelligence (AI) technologies, signalling a major opportunity to boost national productivity and business resilience.

Microsoft: SMEs stand to gain £78bn from AI adoption

British SMEs could unlock as much as £78.1bn in economic value by adopting AI technologies, according to a report from Microsoft and WPI Strategy. Large firms globally have been leading the charge on AI integration, but SMEs, which make up the vast majority of companies in the UK, have had to take a more cautious approach due to the cost of implementing new technologies and a shortage of relevant skills. New analysis from Microsoft has suggested…