AI and the cloud to unlock billions in annual productivity gains for small and medium businesses: report

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AI and the cloud to unlock billions in annual productivity gains for small and medium businesses: report
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Amazon Web Services and Accenture released a report finding that U.S. small and medium businesses can unlock nearly $80 billion in annual productivity gains with the cloud and AI.

and Accenture released a report on how businesses with fewer than 250 employees in those three industries are poised to drive significant increases in economic output in the U.S. and around the world as they increasingly adopt technologies like AI and cloud computing. Micro, small and medium enterprises comprise about 99% of all global firms, 70% of jobs and account for 60% of gross domestic product across developed economies.

"These companies, because they are more nimble, more agile, can pivot a lot quicker so if they see an opportunity, if they see a problem, it’s these kinds of companies that usually are solving it," Ben Schreiner, head of innovation for small and medium businesses at AWS, told FOX Business.

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