A report by the United Nations Conference on Trade and Development (UNCTAD) stated that artificial intelligence has become a tool of growing importance for entrepreneurs in developing countries, where small and start-up companies rely on it in multiple fields. It simultaneously pointed to gaps in managerial understanding and technical skills for fully leveraging AI.
Many entrepreneurs reported the need for a better understanding of the business value of AI, including the types of problems it can solve, how to integrate it into a long-term business strategy, and the practical steps for its implementation.
The report clarified that the benefits of AI are not automatic, and that supportive systems and appropriate skills are essential elements for achieving real value.
United Nations Conference on Trade and Development
The United Nations Conference on Trade and Development (UNCTAD) is a permanent intergovernmental body established by the United Nations General Assembly in 1964. It was created to promote the interests of developing countries in world trade, aiming to integrate them equitably into the global economy and formulate policies on trade, finance, investment, and technology. Its work addresses issues like commodity price instability, market access, and development strategies.
UNCTAD
UNCTAD, or the United Nations Conference on Trade and Development, is not a physical place but a permanent intergovernmental body established by the UN General Assembly in 1964. Its primary mission is to promote the integration of developing countries into the world economy through trade, investment, and development policies. Historically, it has been a key forum for advocating the interests of the Global South, notably through initiatives like the Generalized System of Preferences (GSP).
