Unleashing AI for Safer Drugs: Insights from IQVIA's Marie Flanagan

Transform Your SMB with AI: Strategies to Scale Global Trade Successfully

Update AI: The Future of SMB Global TradeIn the rapidly evolving landscape of global commerce, small and midsize businesses (SMBs) often find themselves at a disadvantage. With nearly 90-95% of businesses on a global scale representing SMBs, their struggles comprise a significant portion of the economic narrative. From access to capital to navigating complex trade rules, the challenges are multifaceted. Yet, with the rise of artificial intelligence (AI), a transformative opportunity lies ahead. Kuo Zhang, President of Alibaba.com, emphasizes that AI is not merely about automating tasks; it's about redefining how SMBs can engage in global trade.Understanding Barriers to AI AdoptionDespite the promise of AI, the 2025 Federal Reserve Small Business Credit Survey highlights the stark realities faced by SMBs: 75% cite rising costs as a major concern, and a significant 59% are seeking new credit primarily for operations. More troubling, a large segment of these businesses remain unaware of how to integrate AI into their existing operations effectively. The challenges are compounded by a lack of technical expertise and fear of data security breaches, which prevent them from fully leveraging AI's capabilities.A New Approach: Automating OperationsKuo's insights propose a model where AI isn’t just a tool but rather a critical ally in overcoming operational hurdles. For instance, Alibaba’s AI platform, Accio, allows SMBs to automate complex procurement processes that once required entire teams. By automating end-to-end sourcing, businesses can streamline operations, enhance efficiency, and reduce operational burdens that limit their capacity for growth.The Benefits of AI-Enabled WorkflowsUtilizing AI-native platforms empowers SMBs to deconstruct entrenched workflows and redevelop them for rapid innovation. This approach not only accelerates product development but also enables businesses to experiment with new models without the traditional constraints imposed by legacy systems. With AI, businesses can now identify market trends and consumer behaviors more effectively, leading to a significant increase in profitability—by 12 points, according to recent surveys.Empowering SMBs Through EducationThe key to successful AI implementation, however, lies in education and employee engagement. The importance of comprehensive training programs cannot be overstated. Empowering employees with the knowledge and skills to utilize AI tools creates a culture of adaptability and innovation within organizations, allowing SMBs to thrive in a competitive environment. In essence, establishing a firm foundation for integrating AI begins with understanding its relevance and ensuring every team member is equipped to harness its full potential.Evolving Perspectives on AI UtilizationInnovation fosters a cycle of growth and development. As the barriers to entry for AI continue to diminish, SMBs can pivot their strategies to embrace these transformative technologies fully. Engaging in structured workshops and gaining guided access to generative AI tools can significantly aid in surmounting the adoption hurdles detailed in various studies. This transformation opens doors not only for individual SMB growth but also positions them competitively within the global trade arena.Final Thoughts: The Path ForwardAs businesses navigate the complexity of integrating AI, they must adopt a relevant approach that resonates with their unique challenges. AI adoption presents an unparalleled opportunity to redefine operations and engage more fully in global commerce. For SMB owners, embracing this change isn't a matter of choice—it's a necessity for staying ahead in the modern business landscape. By fostering an environment where AI can flourish, SMBs can not only survive but thrive.