• Neha Abhishek Singh

The current paper focuses on the adoption of AI in the SMEs to make this sector more competitive and make it more fruitful for the economic development of the nation. In today's competitive business, it is necessary for the small businesses still fighting with some problems in terms of good infrastructure, size of the business, competent human resources, bad financial position, and poor technical know-how. This paper deals with the advantages and disadvantages of AI in SMEs. Artificial intelligence helps the small businesses with its tools such as machine learning, natural language processing, etc., which not only optimize the business functions as well as give a boost to employee productivity and improve the value of the business, but still Indian SMEs are lagging behind in using it because of certain reasons such as lack of AI competence, lack of IT competence and its knowledge, resistance to change, etc. It is necessary for the SMEs to accept AI in their business for the development of the economy as a whole and as an individual. The information was gathered from government websites and secondary sources following a thorough analysis of numerous papers. The aim of this paper is to provide insight to SMEs on the ways in which these AIs have aided how to handle their inventories and raised their awareness of cyber security.

Artificial Intelligence, Cyber security, SMEs, Competency

"A STUDY OF PROBLEMS AND PROSPECTS IN THE ADOPTION OF ARTIFICIAL INTELLIGENCE IN SMALL AND MEDIUM ENTERPRISES", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.11, Issue 12, page no.204-210, December-2024, Available :http://www.jetir.org/papers/JETIRGQ06025.pdf

"A STUDY OF PROBLEMS AND PROSPECTS IN THE ADOPTION OF ARTIFICIAL INTELLIGENCE IN SMALL AND MEDIUM ENTERPRISES", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.11, Issue 12, page no. pp204-210, December-2024, Available at : http://www.jetir.org/papers/JETIRGQ06025.pdf