Paper Title
Utilizing Generative AI for Accelerated Growth in SMEs

Abstract
Generative AI (Gen AI) has emerged as a disruptive technology, providing unparalleled prospects for small and medium enterprises (SMEs) to improve efficiency, innovation, and competitiveness. This paper consolidates findings from 50 studies across several industries, indicating that SMEs utilizing Gen AI see productivity improvements averaging 25%, revenue increases of up to 40%, and operational cost savings ranging from 20% to 30%. The paper highlights the technology's potential while also identifying considerable obstacles, including workforce adaption, ethical issues, and data protection concerns. This report, based on a systematic literature assessment, offers practical solutions for SMEs, policymakers, and industry leaders to address these difficulties and fully harness the promise of Gen AI for sustainable growth. Keywords - Generative AI, Small and Medium Enterprises (SMEs), Automation, Innovation, Workforce Management, Ethical AI, Business Transformation