A third of small business leaders have only a basic understanding of AI

Only a quarter of North West-based small business leaders have a basic understanding of AI

A gap is also opening between mid-sized business and smaller businesses

Only a third of small business leaders have a basic understanding of AI

However London is adopting AI faster than the rest of the UK, while a gap is also opening between mid-sized and smaller businesses

A third of small business leaders have only a basic understanding of AI

New research by Start Up Loans, conducted by YouGov, reveals less than half (46%) of small businesses use AI at work. Furthermore, a third (34%) of small business leaders only have a ‘basic understanding’ of AI tools.

Only A Third Of Small Business Leaders Have A Basic Understanding Of AI

60% of medium-sized enterprises use AI tools but this drops to 36% using the technology in micro businesses. Medium-sized businesses more than twice as likely to be paying for access to AI tools, as only 23% of micro businesses pay for AI. IT security, financing and low internet speeds are the top three barriers to AI adoption One business starting to explore AI is Yorkshire and the Humber-based Woof The Yorkshire Dog Shop

A third of small business leaders only have a basic understanding of AI - East Midlands Business Link

New research by Start Up Loans, conducted by YouGov, reveals less than half (46%) of small businesses use AI at work. Furthermore, a third (34%) of small business leaders only have a ‘basic understanding’ of AI tools. On average, only 12% would refer to themselves as an ‘expert’ in the technology, when thinking about their […]