For many SMEs, knowledge is power. Their business – and competitive edge – depends on their knowledge of markets and their product. Businesses can protect some of their most strategic insights through trade secrets.

Cyberattacks can spell disaster for businesses of all sizes, but especially smaller firms. The median cost of a ransomware attack can amount to up to USD 1.2 million, and up to USD 1.6 million in the case of computer data breach. Urgent action is needed to support SMEs in better preparing and managing digital security risks.

ChatGPT and other large AI-based “generative language models” are taking the world – and our news feeds – by storm. As Beta versions of the software are made available to the general public, observers are getting excited about the capabilities and the vast array of potential applications. But what does this mean for small businesses?