A recent report by the United Nations Conference on Trade and Development (UNCTAD) confirms that artificial intelligence (AI) technologies have become a fundamental pillar and an increasingly important tool for entrepreneurs in developing countries. The report explains that small and emerging businesses in these countries are increasingly relying on these technologies across various sectors to enhance their competitiveness. However, it also points to significant gaps in managerial understanding and the technical skills necessary to fully capitalize on this digital revolution.
The gap between technological adoption and strategic understanding
Despite the growing interest, many entrepreneurs, according to the report, expressed a pressing need to deepen their understanding of the true business value of artificial intelligence. This goes beyond simply using technological tools; it involves understanding the types of problems these tools can solve, how to integrate them into long-term business strategies, and identifying the practical steps for implementation. The report emphasized that the benefits of AI are not automatic or magical; they require supporting systems and skilled human expertise to achieve tangible economic value.
The economic context and the importance of digital transformation
This report comes at a time when the world is undergoing radical economic transformations driven by the Fourth Industrial Revolution. Historically, developing countries have faced significant challenges in keeping pace with technological advancements, resulting in a widening digital divide between them and developed nations. However, economists believe that artificial intelligence offers these countries a unique opportunity to leapfrog traditional stages of industrial development, enabling entrepreneurs to deliver innovative solutions at lower costs and with greater efficiency, thereby overcoming the obstacles of traditional infrastructure.
Expected impact on emerging economies
The importance of this transformation lies in the vital role that small and medium-sized enterprises (SMEs) play in developing economies, serving as the primary engine of job creation and economic growth. Empowering these companies with artificial intelligence tools will not only improve their profitability but will also boost GDP, open new export markets, and enhance the quality of services provided to citizens in critical sectors such as health, education, and agriculture.
The need to build a nurturing environment
The report concluded by emphasizing that technology alone is not enough; governments of developing countries and international institutions must work together to create an enabling legislative and regulatory environment. This includes investing in technical education to bridge the skills gap, providing data infrastructure, and ensuring fair policies that prevent technology monopolies, thus guaranteeing that artificial intelligence becomes a tool for economic inclusion and not a cause of deepening inequality.
