Challenges dealing with Greek firms in adopting AI

Greek firms are nicely under the European common in adopting subsequent technology synthetic intelligence (Gen AI). Whereas the implementation of AI methods and digital transformation remains to be a requirement, Greek firms lag behind their European counterparts of all sizes by round 50%.

Regardless of this, the share of firms contemplating utilizing AI doubled from 2021 to 2023. The research “State of AI in early 2024: Gen AI adoption spikes and begins to generate worth” from Quantum Black, McKinsey’s AI division, highlights this upward development.

The research highlights the challenges dealing with Greek firms right now because of the “AI mind drain”. These firms appear to be working in a much less AI-friendly surroundings in comparison with high-performing AI firms, citing a scarcity of technical infrastructure and regulatory frameworks as obstacles.

Greek firms are additionally struggling to search out expert employees, regardless of the excessive proportion of Greek professionals in AI and information science on platforms corresponding to LinkedIn. The issue of “AI mind drain” represents a significant impediment for the event of the Greek economic system.

International considerations in regards to the dangers posed by AI, corresponding to information administration, mental property infringement, privateness, safety and moral use, are highlighted within the survey. The potential for large AI automation to exchange employees is a significant concern, with Greek employees expressing considerations about future unemployment and recognizing gaps in AI schooling and coaching .

It appears that evidently Greek employees are significantly involved about doable job losses as a consequence of AI, which represents one of many largest challenges in AI schooling and coaching. However, the research highlights the pressing want to coach the workforce about AI dangers and emphasizes the significance of upskilling to adapt to altering technological landscapes .

Answering key questions and challenges in adopting AI applied sciences in Greek firms

As Greek firms attempt to shut the hole with their European counterparts within the adoption of synthetic intelligence (AI), a number of key questions and challenges come up.

What are the essential components influencing the gradual adoption of AI in Greek firms?
Though the share of firms contemplating AI adoption has elevated considerably, challenges stay. A key issue is the “AI mind drain,” during which Greek firms function in environments which are much less supportive of AI implementation as a consequence of insufficient technical infrastructure and regulatory frameworks.

How does the provision of expert labor have an effect on the adoption of AI in Greece?
Regardless of a excessive variety of Greek AI and information science professionals on platforms corresponding to LinkedIn, firms in Greece are struggling to search out certified workers. The “AI mind drain” provides to this downside and prevents us from realizing the complete potential of AI to spice up the Greek economic system.

What are the worldwide considerations associated to the adoption of AI in Greek firms?
The research highlights a variety of world considerations, together with information governance, mental property infringement, privateness, safety and the moral use of AI applied sciences. Fears of automated AI jobs have additionally raised considerations amongst Greek employees, underscoring the significance of contemplating these moral and social implications.

Benefits and drawbacks of AI implementation for Greek firms
On the one hand, the implementation of AI applied sciences can enhance operational effectivity, promote innovation and enhance decision-making processes for Greek firms. Nevertheless, challenges corresponding to redundancy, moral issues and the necessity for in depth workers coaching current main obstacles to the profitable integration of AI.

To discover extra deeply the complexity of AI adoption and its influence on Greek companies, gives McKinsey & Firm beneficial perception into navigating the evolving panorama of AI applied sciences and their influence on companies world wide.

By inspecting these essential questions and challenges, Greek firms can develop methods to beat obstacles and notice the potential advantages of AI adoption for sustainable development and competitiveness within the digital age.