From intheblack.cpaaustralia.com.au: AI adoption among SMEs is growing, with 69% of organizations utilizing AI in 2024, up from 55% in 2023, driven by government initiatives in countries like Australia and Singapore that aim to reduce integration costs and provide training.

Despite this progress, many SMEs face barriers such as high implementation costs and knowledge gaps, with only 10% reporting significant integration of AI into their operations.

Effective adoption involves auditing existing AI tools, addressing employee engagement, and ensuring that companies are “AI ready” by understanding the specific risks and benefits of the technologies they intend to implement.