Understanding AI in rural SMEs: Opportunities for Wales

David Dowell, Robert Bowen, Wyn Morris

Research output: Contribution to specialist publicationArticle

Abstract

The impact of Artificial Intelligence (AI) has been more rapid than any other technology across a broad range of business sectors. In 2023, Forbes Technology Council declared AI the fastest ever adopted technology by business.

This comes on the back of many years of research and developing products such as ChatGPT, which led the way.

AI is where technology and machines can mimic human tasks. In the UK, the AI market is estimated to be worth £16.8 billion. Globally, investment levels in AI differ greatly, not least influenced by an acceptance that it will invariably impact upon jobs.

AI has been acknowledged by the UK Government in its UK AI Opportunities Action Plan as an important aspect in growing the UK economy, supporting public services and improving people’s lives. Opportunities have been identified in Wales, such as the creation of a data centre campus in Bridgend.

In this article we explore the uptake of AI by SMEs and set out the finding of our research into adoption of AI in rural SMEs in Wales. We conclude by highlighting considerations for policymakers.
Translated title of the contributionDeall deallusrwydd artiffisial mewn busnesau gwledig: Cyfleoedd i Gymru
Original languageEnglish
Specialist publicationYmchwil Senedd | Senedd Research
PublisherSenedd Cymru
Publication statusPublished - 31 Jan 2025

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