PRESENTATION

No panacea: the reality of AI in SMEs

It is critical that SMEs understand that AI is not a magic bullet, nor can be implemented in isolation. AI needs to form part of a business operating model and the associated technology strategy. As such, SMEs need to understand their expected outcomes, recognise the business change required and be prepared to invest in the foundations and systems to drive value from AI. There needs to be clear understanding of what AI can and can’t do, where it is of specific use for a business, and what is needed to get benefit from it.

Jaco Vermeulen

BML Global

Specialist in M&A digital due diligence, and transition strategy and delivery, having overseen deals totaling more than $10 billion. Private Equity portfolio companies CTO/CDO operating partner and Technology Advisor. Led multiple enterprise digital business transformations with teams from 5 to over 100, and 8 figure budgets. Founded several startups, including AI based services for consumer empowering international eCommerce localization, and B2B services matching and optimisation.