AI Transforming Global Business Processes Amid Challenges

Adoption of artificial intelligence (AI) is reshaping organizations across various sectors, including IT teams in the Middle East and small businesses in the US. At the IDC Middle East CIO Summit, experts emphasized the need for IT teams to adapt quickly to rapid AI advancements despite existing skills gaps. A study by Bayes Business School cautions that AI's transformative potential may be limited by slow institutional changes, suggesting businesses avoid overestimating its immediate impact. Small businesses in the US, a crucial part of the economy, are using AI for inventory management and operational efficiencies, though many are hesitant due to costs and lack of knowledge. In digital marketing, AI enhances efficiency and targeting but is often seen as costly, prompting solutions like AI X Network to offer affordable AI tools for small and medium-sized businesses (SMBs). AI is transforming business processes, with challenges in cost, infrastructure, and talent development affecting its widespread adoption.