The article discusses the low adoption rates of Generative AI (GAI) among small and medium businesses (SMBs), which are pivotal to the economy. While larger companies lead in GAI integration, SMBs risk being outpaced. The article highlights GAI's potential, not just in boosting productivity, but in fostering innovation. Notably, India shows high GAI adoption due to its digital growth and workforce capabilities. Conversely, European nations lag partly due to regulatory issues and talent shortages. Overall, GAI could lead to job expansion if embraced effectively by businesses globally.
Despite its many benefits, GAI adoption remains low in many countries, and small and medium businesses (SMBs) - the backbone of the global economy - are being outpaced by large companies.
The greatest opportunity with GAI isn't increased productivity for the tasks we already do; it is how people use that extra time to foster innovation and unlock new opportunities.
India is seeing such high adoption rates due to the country's rapid digital transformation, a growing tech-savvy workforce, and a strong emphasis on innovation.
Indeed, demand for AI expertise in India is currently outpacing demand, and given its massive population and cumulative learning capacity, the nation stands to become a major player in the broader AI race.
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