Boosting the use of Artificial Intelligence in Europe’s micro, small and medium-sized

At a high level, the value chain of AI consists of data (data collection and preparation), the necessary infrastructure and the product creation: Exhibit 6: AI value chain The current diversity and potential of AI applications are nearly unlimited, and many businesses and citizens probably use AI-driven solutions without being aware of this being the case. [...] The desk research drove the mapping of the technological state of the art, to gain a high-level understanding of the positive and negative impacts of AI on MSMEs across Europe, its adoption levels and the diversity of existing policy approaches throughout the EU. [...] In the case of the sectoral analysis the following criteria were analysed: MSME Relevance: Extent to which MSMEs are represented in the sector, and the degree to which they are under challenge in the current market circumstances AI Potential: Criteria reflecting the level of AI potential of a sector to ensure a balance in the diversity of AI uptake challenges, ranging from access to talent, ca. [...] With a market share of over 40 % and the highest revenue generation of the service market, the legal market is one of the largest service markets in the world79 and the European legal service market is the second in size, following North America.80 Recently, the European market has experienced a major boost because of the ongoing Brexit discussions, adding up to a market size of roughly EUR 170 bn. [...] In 2019, the sector had the second-highest number of new patent applications with the EPO after the digital communications sector, even exceeding the field of computer technology.93 MSMEs are identified as the main driver of these innovations and act as a catalyst for the growth and competitiveness of the European health sector.94 A study from 2011 found out that many of these innovative MSMEs are.