IDEAS home Printed from https://ideas.repec.org/a/vrs/jecman/v46y2024i1p331-352n1013.html
   My bibliography  Save this article

Barriers to the implementation of artificial intelligence in small and medium-sized enterprises: Pilot study

Author

Listed:
  • Zavodna Lucie Sara

    (Department of Management Faculty of Management Prague, University of Economics and Business Prague, Czech Republic)

  • Überwimmer Margarethe

    (FH Oberösterreich University of Applied Sciences UA Steyr, Austria)

  • Frankus Elisabeth

    (Institute for Advanced Studies Vienna, Austria)

Abstract

Aim/purpose – This pilot study explores the main obstacles hindering the effective implementation of Artificial Intelligence (AI) in small and medium-sized companies (SMEs). By thoroughly understanding these barriers, organizations can develop customized strategies and interventions to overcome them, facilitating smoother and more successful AI adoption. The paper’s primary goal is to help organizations understand the barriers to AI adoption to develop tailored strategies and interventions to overcome these challenges, leading to a more efficient and successful integration of AI. Through a rigorous examination of real-world experiences and perceptions, this paper seeks to elucidate the multifaceted challenges that impede the effective deployment of AI solutions. Design/methodology/approach – The study identifies four main impediments to AI implementation based on data from 22 interviews with industry experts in the Czech Republic and Austria. Findings – First, a notable lack of trust emerges as a significant barrier, with stakeholders harboring apprehensions regarding AI’s reliability, ethical implications, or potential consequences. Second, the knowledge gap hampers progress, indicating a need for better understanding and expertise in AI technologies and applications. Third, infrastructure limitations, including inadequate computing resources, outdated systems, or insufficient technical support, pose a challenge. Lastly, a shortage of skilled professionals proficient in AI further complicates implementation efforts, highlighting the importance of nurturing talent and expertise. Research implications/limitations – The findings regarding AI implementation strategies are significant for small and medium-sized enterprises. Although the research focuses on Czech and Austrian companies, the findings may apply to other countries. Additionally, it is worth noting that this is qualitative research with a smaller sample size. Originality/value/contribution – By addressing these barriers proactively, organizations can navigate the complexities of AI adoption more effectively and unlock its transformative potential.

Suggested Citation

  • Zavodna Lucie Sara & Überwimmer Margarethe & Frankus Elisabeth, 2024. "Barriers to the implementation of artificial intelligence in small and medium-sized enterprises: Pilot study," Journal of Economics and Management, Sciendo, vol. 46(1), pages 331-352.
  • Handle: RePEc:vrs:jecman:v:46:y:2024:i:1:p:331-352:n:1013
    DOI: 10.22367/jem.2024.46.13
    as

    Download full text from publisher

    File URL: https://doi.org/10.22367/jem.2024.46.13
    Download Restriction: no

    File URL: https://libkey.io/10.22367/jem.2024.46.13?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Ali Faqihi & Shah Jahan Miah, 2023. "Artificial Intelligence-Driven Talent Management System: Exploring the Risks and Options for Constructing a Theoretical Foundation," JRFM, MDPI, vol. 16(1), pages 1-18, January.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Damaris Ndungwa Peter, 2024. "Influence of Augmented Artificial Intelligence Platforms on Talent Management in Energy Parastatals in Nairobi, Kenya," International Journal of Research and Scientific Innovation, International Journal of Research and Scientific Innovation (IJRSI), vol. 11(4), pages 754-766, April.
    2. Chen, Pengyu & Chu, Zhongzhu & Zhao, Miao, 2024. "The Road to corporate sustainability: The importance of artificial intelligence," Technology in Society, Elsevier, vol. 76(C).

    More about this item

    Keywords

    AI; barriers; implementation; SMEs;
    All these keywords.

    JEL classification:

    • M10 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - General
    • M15 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - IT Management
    • M2 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:vrs:jecman:v:46:y:2024:i:1:p:331-352:n:1013. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Peter Golla (email available below). General contact details of provider: https://www.sciendo.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.