Small businesses are embracing Artificial Intelligence (AI), utilising its accessibility to optimise processes and unlock efficiencies. Resource-intensive and time-consuming tasks such as Research and Development (R&D) can be fast-tracked, shortening time to market and accelerating growth. However, entrepreneurs and innovators need to tread carefully if they want to maintain a competitive edge.
Many of us will have probably read news stories about battles between companies over intellectual property (IP). Such stories can really capture the public imagination when it involves a small or medium sized company embroiled in a dispute with a large corporate. The British public seem to love an underdog story, with the classic David vs. Goliath scenario winning hearts and minds as people cheer on an SME’s attempt to fend off a challenge from a big business.