Vast majority of Irish tech start-ups embracing AI – survey

February 23, 2024

The vast majority of Irish tech start-up and scaling companies are deploying or preparing to deploy artificial intelligence (AI) according to a new survey.

The research from Scale Ireland also shows that finance is still the biggest challenge facing indigenous founders.

The 2024 State of Start-ups Survey reveals that 82% of respondents are deploying or preparing to deploy AI, while 83% believe AI will have a positive impact on their business.

Almost half think it will increase productivity.

“Our findings are very clear on the potential of AI – the founders and CEOs of Irish tech start-up and scaling companies are embracing AI in a big way,” said CEO of Scale Ireland Martina Fitzgerald.

“The vast majority of respondents are overwhelmingly positive about its potential and believe it will have a big impact on their businesses,” Ms Fitzgerald said.

Almost 80% of respondents said they felt it is difficult or very difficult to attract capital, which remains unchanged from last year, reflecting the funding situation.

“The survey demonstrates the challenging investment landscape facing start-up and scaling companies and the need to attract more private investment into the sector,” said Brian Caulfield, Chair of Scale Ireland.

340 tech start-up founders and CEOs contributed to the survey which is being released to mark Scale Ireland’s third Regional Start-up Summit which takes place in Limerick today.

Scale Ireland is an independent not-for-profit organisation, which represents and advocates on behalf of Irish tech start-ups and scale-up companies.

There are currently more than 2,200 indigenous tech start-up and scale-up companies, employing more than 52,000 people in Ireland.

Article Source – Vast majority of Irish tech start-ups embracing AI – survey – RTE

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