International Journal For Multidisciplinary Research

E-ISSN: 2582-2160   •   Impact Factor: 9.24

A Widely Indexed Open Access Peer Reviewed Multidisciplinary Bi-monthly Scholarly International Journal

Call for Paper Volume 6 Issue 4 July-August 2024 Submit your research before last 3 days of August to publish your research paper in the issue of July-August.
Submit Research Paper Join as a Reviewer

Plagiarism is checked by the leading plagiarism checker TurnItIn

Call for Paper

Volume 6 Issue 4
July-August 2024

Submit your research paper

Indexing Partners
Academia Advanced Sciences Index Bielefeld Academic Search Engine CiteSeer DRJI Google Scholar Independent Search Engine & Directory Network ISI (International Scientific Indexing) Issuu Mendeley Research Networks
RefSeek ResearcherId - Thomson Reuters ResearchGate Scirus Scribd Semantic Scholar UTeM - Universiti Teknikal Malaysia Melaka Wiki for Call for Papers WorldCat Zenodo

A Study on the Impact of Artificial Intelligence in Small and Medium Enterprises

Author(s) Suchismita Paul, Varun Daga, Tanya Gupta, Aishwarya S
Country India
Abstract In the contemporary business landscape, the integration of Artificial Intelligence (AI) has emerged as a transformative force, reshaping traditional paradigms across various industries.
This study delves into the specific realm of Small and Medium Enterprises (SMEs) to explore the profound impact of AI adoption on their operational efficiency, innovation capabilities, and overall competitiveness.
The research employs a multi-faceted approach, incorporating both quantitative and qualitative analyses. Through surveys, interviews, and case studies, we investigate the extent to which SMEs have embraced AI technologies, identifying the key drivers and barriers to adoption. The study also assesses the impact of AI on workforce dynamics, shedding light on how automation and augmentation have influenced job roles and skills requirements within these enterprises.
Furthermore, the research evaluates the role of AI in enhancing decision-making processes, resource allocation, and customer engagement for SMEs. By examining real-world applications and success stories, the study aims to provide practical insights into the ways in which AI can be leveraged to optimize business operations and foster innovation in smaller enterprises.
An essential aspect of this research involves addressing the ethical considerations and challenges associated with AI implementation in SMEs. Privacy concerns, data security, and potential biases in algorithms are examined to offer a comprehensive understanding of the risks and responsibilities that accompany the adoption of AI technologies.
Ultimately, this study contributes to the existing body of knowledge by offering a nuanced perspective on the impact of AI in SMEs. The findings aim to inform policymakers, business leaders, and researchers about the opportunities and challenges inherent in integrating AI into the fabric of small and medium-sized enterprises, thereby facilitating informed decision making and strategic planning for a technologically advanced future.
Keywords AI Adoption in SMEs, Operational Efficiency, Innovation Capabilities, Competitiveness, Quantitative and Qualitative Analyses, Workforce Dynamics, Ethical Considerations in AI Implementation
Published In Volume 5, Issue 6, November-December 2023
Published On 2023-12-25
Cite This A Study on the Impact of Artificial Intelligence in Small and Medium Enterprises - Suchismita Paul, Varun Daga, Tanya Gupta, Aishwarya S - IJFMR Volume 5, Issue 6, November-December 2023. DOI 10.36948/ijfmr.2023.v05i06.11145
DOI https://doi.org/10.36948/ijfmr.2023.v05i06.11145
Short DOI https://doi.org/gs98qc
View / Download PDF File

Share this


E-ISSN 2582-2160
CrossRef

CrossRef DOI is assigned to each research paper published in our journal.

IJFMR DOI prefix is
10.36948/ijfmr

Downloads
Research Paper Format Copyright Permission Form and Undertaking Form Cover Page Vol 6 Isu 3 Cover Page Vol 6 Isu 2 Cover Page Vol 6 Isu 1

All research papers published on this website are licensed under Creative Commons Attribution-ShareAlike 4.0 International License, and all rights belong to their respective authors/researchers.

CC-BY-SA Open Access

About IJFMR
Fees & Payment
Current Issue
Publication Archive 		Submit Research Paper
Track Submission Status
Publication Guidelines
Publication Ethics
Peer Review & Plagiarism 		Join as a Reviewer
Editors & Reviewers
Reviewer Referral Program
Get Reviewer Membership Certi. 		Website/Journal Policies
Usage Policy
Content Policies
Privacy Policy
Contact Us +91-9898-5948-55 editor@ijfmr.com