Abstract
The development of small and medium-sized enterprises is a complex process that requires the use of all approaches to achieve success. In this regard, finding opportunities to use artificial intelligence in such companies is of great importance. The study aims to assess how this technology affects the innovation and financial performance of small and medium-sized enterprises. To draw the main conclusions, the implementation of artificial intelligence at Polish enterprises, including in the context of their financial performance, namely the level of return on assets and the level of debt, was analysed. The study showed that the introduction of artificial intelligence technology in small and medium-sized enterprises should lead to an improvement in their financial performance, as well as the subsequent more active introduction of other innovations. The study also showed that artificial intelligence is being used quite actively in various sectors of the economy and different areas of business. This study concluded that companies can also face other types of problems that are not related to the lack of funding and the burden of this kind in general: difficulties may also arise in the field of human resources management, namely in the context of the lack of professionalism of managers and employees in the implementation of this kind of technology. The findings can be used to formulate more accurate long-term strategies for the development of artificial intelligence by companies. In addition, the conclusions can be used to revise some accepted principles of artificial intelligence regulation from the point of view of the state.
Date Received
October 28, 2024
Date Revised
November 29, 2024
Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 License.
Recommended Citation
Wilczynska, Malgorzata; Walenia, Alina; Dabek, Artur; Salabura, Daniel; and Kot, Halina
(2024)
"Potential Impact of Artificial Intelligence on Small and Medium Enterprises Innovation in the EU: A Perspective from Poland,"
Markets, Globalization & Development Review:
Vol. 9:
No.
2, Article 2.
DOI: 10.23860/MGDR-2024-09-02-02
Available at:
https://digitalcommons.uri.edu/mgdr/vol9/iss2/2
Included in
Business Analytics Commons, Economics Commons, Entrepreneurial and Small Business Operations Commons, Management Information Systems Commons, Marketing Commons, Other Business Commons, Sociology Commons, Technology and Innovation Commons
Author Bio
Malgorzata Wilczynska is a Full Doctor, Faculty of Economics and Management, State University of Applied Sciences in Jaroslaw, Jaroslaw, Poland. Research interests: management, economy.
Alina Walenia is a Full Doctor, Institute of Economics and Finance, University of Rzeszów, Rzeszow, Poland. Research interests: Regional policy of the European Union, Structural Funds, Institutions of the European Union.
Artur Dabek is a Full Doctor, Institute of Social Affairs, State University of Applied Sciences in Koszalin, Koszalin, Poland. Research interests: sociology, social issues.
Daniel Salabura is a Full Doctor, Faculty of Technical Engineering, State University of Applied Sciences in Jaroslaw, Jaroslaw, Poland. Research interests: management, business.
Halina Kot is a Master, Faculty of Economics and Management, State University of Applied Sciences in Jaroslaw, Jaroslaw, Poland. Research interests: economics, human resource management, process efficiency.