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2 clusters · 6 sources · 11 days · First seen · Last updated

UK small business technology adoption challenges

Overview

Small and medium-sized businesses (SMBs) in the United Kingdom are facing significant hurdles regarding the adoption of new technologies, particularly artificial intelligence and automation.

Initial research indicates that sustainability is a primary barrier, with 22% of businesses that have not embraced AI expressing concerns over the energy and natural resources required by the technology. These environmental worries are most prominent in the media and education sectors, as well as in the West Midlands and Scotland.

Subsequent findings highlight a growing technology adoption gap. Over one-third of UK SMBs risk falling behind competitors due to a lack of confidence and the necessary processes to scale new tools. This confidence gap, combined with inefficient or outdated systems, threatens to increase administrative burdens and reduce productivity for service-based businesses.

Entities

Novuna Business Finance

Timeline

  1. [BUSINESS] 4 sources
    UK SMBs face technology adoption gap

    A confidence gap in technology adoption threatens UK small and medium-sized businesses, as many struggle to implement AI and automation effectively compared to more tech-ready competitors.

  2. [BUSINESS] 2 sources
    Sustainability concerns hinder AI adoption for UK small businesses

    Sustainability concerns regarding energy and resource use are hindering AI adoption among UK small businesses, with only 31% currently utilizing the technology.

Sources

briohr.com · forwardaccounting.co.nz · futureofbusinessandtech.com · lancashiretimes.co.uk · pcauthority.com.au · yorkshiretimes.co.uk