What are the Challenges of Implementing AI in Entrepreneurship?
Despite its benefits, implementing AI poses several challenges:
- Cost: Developing and maintaining AI systems can be expensive, which might be a barrier for startups and small businesses. - Data Privacy Concerns: Handling large volumes of data raises concerns about data privacy and security. - Skill Gap: There is a need for skilled professionals who can develop, implement, and manage AI systems. - Ethical Issues: The use of AI raises ethical questions regarding job displacement and decision-making autonomy.