The challenges posed by AI adoption are not limited to large companies; small and medium-sized businesses (SMBs) are also increasingly leveraging AI, with 3 in 5 small businesses planning to implement AI within the next two years. Despite these advancements, SMBs face unique challenges, including budget constraints and a lack of expertise. It is crucial for companies of all sizes to adopt appropriate governance approaches to address AI-related challenges and ensure successful integration.

This paper explores the importance of AI governance, the impact on AI on businesses of all sizes, and the necessity for tailored governance strategies to address the diverse challenges posed by AI technologies.