Businesses only investing enough to support limited AI adoption - report
A report by Digital Business Ireland found that many Irish businesses are not investing enough in AI adoption, with most planning to invest €10,000 or less. The report warns that this level of investment will only support limited AI adoption and calls for stronger support structures.
A survey of 140 Irish-based companies by Digital Business Ireland found that 65% plan to invest in AI by 2026. However, 60% of these companies expect to invest €10,000 or less, which is likely to support only limited AI adoption. The report identified a lack of skills and training as the biggest constraint to AI adoption, with 68% of businesses citing this as a major issue. To address this, the report recommends a cross-departmental government initiative to identify emerging roles in the AI economy. The report warns that Ireland's failure to adapt to AI poses a significant risk to Irish jobs. Businesses, particularly SMEs, risk being left behind if they do not invest more ambitiously in AI.
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