An insightful forum focused on the intersection of AI and business was held on June 3rd, organized by the Hellenic Federation of Enterprises (SEV). The event entitled “People and Businesses in the Age of Artificial Intelligence” brought together Dr. Konstantinos Daskalakis, President of the National Commission for Artificial Intelligence, and other esteemed scientists and experts to discuss the implications of AI in various sectors.
During the open event, the general director of SEV, Dr. George Xirogiannis, emphasized the wide-reaching impact AI technology has on businesses regardless of their field, size, or geographical location and how crucial it is for dynamic small and medium-sized companies to harness this technology for their growth. Despina Spanou, Director of the cabinet of the Vice-President of the European Commission, highlighted the importance of adopting AI in a manner that aligns with European values, mentioning the EU’s holistic approach combining regulatory frameworks and collaboration initiatives to foster the development of trustworthy AI.
The discussion touched on AI’s potential to transform the Greek economy and society. Dr. Konstantinos Daskalakis and the Chairman of SEV’s Innovation Committee, Mr. Markos Veremis, delved into the various avenues businesses have in leveraging AI, from incorporating existing services from tech giants to developing their specialized applications using proprietary data. Emphasizing the role of Greece in pioneering AI, Dr. Daskalakis pointed out the need for high-level research programs and collaborations to utilize the excellence of Greek scientists worldwide.
Other speakers at the event included Ms. Maggie Athanasiadou, SEV’s Industry Director of Development, Technology, and Innovation, who mentioned the competitive advantages for businesses that integrate AI including market share growth, improved customer experience, and productivity enhancements. The Chairman of the Board & Managing Director of UNISYSTEMS, Mr. Yiannis Loumakis, voiced that early adopters of AI are in a position to benefit disproportionately due to exponential changes in the technology.
Dr. Yannis Mastrogeorgiou, Special Secretary for Long-Term Planning, stressed the balance between automation and augmentation in AI application, advocating for investing in human-centered augmentative uses over indiscriminate automation. Lastly, delegates from the banking industry and other business sectors discussed adopting AI within a framework of strict governance to ensure security and targeted application for visible gains in efficiency and service quality.
Artificial Intelligence (AI) in Business: Opportunities and Concerns in Greece
Greece is exploring the frontier of AI in business with initiatives designed to integrate technology and promote growth. In recent forums, significant questions about the application and impact of AI on the Greek business landscape have been posed:
What are the benefits of AI for businesses in Greece?
Companies are expected to experience enhanced productivity, customer satisfaction, and market share by adopting AI technologies.
How can Greece ensure ethical AI development?
By adhering to EU regulations and focusing on human-centric, augmentative AI, Greece aims to foster the development of trustworthy and ethical AI systems.
What are the main challenges Greek businesses face in adopting AI?
Constraints include the need for high-level research, limited resources among small and medium-sized enterprises, and the requirement for robust governance strategies to manage AI adoption effectively.
While the forum highlighted the transformative potential of AI, it also underscored the need for careful consideration of the associated challenges and concerns.
Advantages of AI in Business for Greece:
– Potential for economic transformation and advancement.
– Growth opportunities for small and medium-sized enterprises.
– Access to global markets through cutting-edge technology.
– Development of high-level research initiatives.
Disadvantages and Challenges of AI in Business for Greece:
– Risk of unemployment due to automation.
– Investment needed in education and skill development.
– Potential ethical and privacy issues with AI deployment.
– Small businesses may struggle with the costs of AI technology.
For more information on AI developments on a broader European scale, interested readers can visit the website of the European Commission at European Commission. Additionally, those looking to understand how AI is influencing the global business landscape can browse the official page of the Organisation for Economic Co-operation and Development (OECD) at OECD. It’s important to ensure that AI advancements align with broader economic strategies and cultural values, as highlighted by these institutions.
The source of the article is from the blog elblog.pl