Pushing for AI adoption in small and medium businesses, former UK Prime Minister Rishi Sunak referred to the emerging technology as a “superpower” that can enable business owners to achieve more with fewer resources.
Addressing business owners at a programme of ‘Goldman Sachs 10,000 Small Businesses’ in Birmingham, U.K., Sunak stressed upon the importance of early adoption, advising against getting late in the global AI race.
“Small business is the engine of the British economy…Britain won’t succeed unless we get Small and Medium Enterprises (SMEs) to adopt, too. SMEs are half the economy, and the UK can only be as productive as they all are,” said Sunak.
“AI can be your superpower, enabling you to achieve things that you never had the manpower or the resources to do before,” he added.
While discussing AI with various business owners, Sunak said that the use of AI was no longer a future phenomenon; on the contrary, AI had already become an integral part of the business world. In his opinion, despite the fact that much attention has been paid to competition between the world’s leading nations in the development of powerful AI systems, the real struggle is about integrating everyday AI into economic processes.
“AI is a general purpose technology that can – and will – transform every aspect of the economy. Headlines too often focus on the global race for AI superintelligence. But the real race is the race for everyday AI, spreading this technology throughout our economy and society…When it comes to AI, adoption is all. It will be those countries that adopt, adopt, adopt who will be the biggest winners.,” said Sunak.
During the meeting, participants provided case studies that demonstrated how AI can assist organizations with various challenges. These included providing customers with better experiences, designing better marketing campaigns, and optimizing processes. According to Sunak, implementing this technology into a business setting should be done gradually, with organizations beginning with small-scale initiatives and learning from experience.
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