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The Adoption and Impact of AI by SMEs for New...
Journal article

The Adoption and Impact of AI by SMEs for New Product Development

Abstract

Artificial intelligence (AI) is transforming business, including new product development (NPD), yet smaller firms face challenges in adoption. This article presents findings from a survey of Irish small and medium enterprises (SMEs) conducted with the Industry Research & Development Group. Despite AI's potential, the study reveals low AI implementation across 13 NPD applications, but more positive intentions to adopt AI in the near future. …

Authors

Cooper RG

Journal

IEEE Engineering Management Review, Vol. 53, No. 4, pp. 48–54

Publisher

Institute of Electrical and Electronics Engineers (IEEE)

DOI

10.1109/emr.2024.3478479

ISSN

0360-8581