The use of artificial intelligence technologies has tripled among Cyprus’s large businesses, with 34.9% adopting AI solutions in 2024 compared to 13% in 2021, according to new government statistics released today.
The Statistical Service report shows overall AI adoption across businesses reached 7.9% in 2024, up from 4.7% in 2023. Medium-sized enterprises recorded 14.3% adoption, while small businesses reached 6.3%.
The survey also revealed broader digital transformation trends, with 59.1% of all businesses conducting online meetings and nearly half (49.4%) paying for online advertising – almost double the rate from 2016.
Remote working capabilities have expanded significantly, with 84.1% of companies with 10 or more employees providing staff with mobile internet devices. Additionally, 88.1% of businesses offer remote email access, while 71.7% provide remote document access.
The report defines AI technologies as systems using text mining, computer vision, speech recognition, natural language processing, and machine learning for autonomous data collection and decision-making.
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