How Midsize Companies Can Compete in AI

  • “In a representative sample of more than 6,000 firms across sectors, we found that only about 10 to 15% of midsize firms have adopted AI in their business so far.
  • If midsize companies want to thrive in the AI era, they need to look for new ways to compete — including options that they may never have considered before. Pooling data and data analytic skills from across firm boundaries may be one of few options available to midsize firms to remain competitive in the new data-fueled economy.
  • The potential benefits of setting up a joint AI venture outweigh its risks. This collaborative approach involves a shift in focus from an individual firm’s short-term self-interest to a network- and ecosystem-centered perspective. In the era of AI, it may be better for midsize companies to join a winning team than to try and stand their ground individually.”

https://www.google.com/amp/s/hbr.org/amp/2021/09/how-midsize-companies-can-compete-in-ai