Builder.ai Survey Highlights SMBs Push Toward a Digital Future Amid Challenges
Artificial Intelligence (AI) is transforming industries, with small and medium sized businesses (SMBs) feeling the pressure. Builder.ai, the AI-powered composable software platform that allows every business to become digitally powered, today announces that they surveyed SMBs in the U.K. and U.S. where the key findings show that nearly 71% of SMBs in both the U.K and U.S. are already investing in AI, with around 56% expecting it to enhance their efficiency. However, there is a division: while 40% say they fear missing out if they don’t act quickly, nearly 20% worry about adopting the technology too soon and 54% of SMBs are more cautious when it comes to early adoption.
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SMBs and the AI Unknowns
SMBs are navigating challenges with AI. In the U.K., top concerns are cost (35%), lack of skilled staff (32%), and integration issues (29%), while in the U.S., tech failure (29%), employee resistance (28%), and high costs (27%) lead. Sectors like retail, healthcare, and manufacturing are especially wary, with 42% of retail SMBs expressing fear over AI’s “unknown future.”
While many recognise the potential benefits of AI, apprehension remains widespread in both the U.K. and U.S. with 30% citing “its unknown future” as a major concern. When broken down by sector, 42% of retail, catering and leisure, 30% of healthcare and 29% of manufacturing and utilities SMBs say AI’s unknown future has them most fearful about emerging technologies.
Skills Gap and Resource Shortages
Across both countries, 25% of SMBs cite a lack of skilled staff as a major barrier. Over 40% in both the U.K. and U.S. say they believe they need an AI expert but are unsure where to start. Many lack mobile apps, and among those who do, 79% found development challenging.
“I’ve observed that our SMB customers are cautiously optimistic about AI adoption and while they know it’s essential to staying competitive and accelerate their digital transformation, they’re held back by fears around costs, skills, and integration. They often struggle with knowing where to begin or how to secure the necessary resources,” said Sachin Dev Duggal, Founder and Chief Wizard at Builder.ai. “AI shouldn’t be exclusive to big corporations. SMBs need, expect and deserve the same technological edge especially as it allows them to punch above their weight, and our mission at builder.ai is to bridge that gap – providing accessible AI-powered/infused solutions that align with their ambitions, needs and goals.”
SMBs Investing Despite Concerns
Despite the fears SMBs are trying to embrace AI, with key drivers including improving efficiency, cutting costs and staying competitive. Although there is fear surrounding the cost of AI solutions, nearly three quarters are investing in AI today, with most SMBs surveyed (54%) in both the U.K. and U.S. expecting to increase investment over the next year.
Builder.ai is empowering SMBs to bridge these gaps by enabling quick, affordable app development. By decomposing software into reusable Lego-like features and combining them with cutting-edge AI and a patented software assembly line, Builder.ai has demonstrated global success helping businesses of all sizes transition to a software-first approach effortlessly.
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