Latest news with #Kreoh
The Herald Scotland
03-06-2025
- Business
- The Herald Scotland
How to make AI work for SMEs in Scotland
Why? Because the adoption gap isn't just technical, it's resourcing, skills, and fear of missteps. The risk of data leakage when using open AI platforms is real, and for small businesses without a CTO or data protection lead, the stakes feel too high. One mistake, an unintentional exposure of client information or commercial IP, and the verdict on AI becomes swift and damning: too risky, too complex: not for us. But there's another path. Rather than trying to out-build global tech giants on foundational models, we should focus on the application layer: building intelligent, domain-specific solutions for real-world tasks in professional services, manufacturing, construction, and every corner of the SME economy. This is where security, data residency, and usability matter most. The application layer is not a black box, it's an enabler, a multiplier of human potential. And it's where productivity gains lie, automating admin in accountancy firms, streamlining compliance for legal SMEs, or empowering trades businesses to quote, schedule, and invoice intelligently. To unlock this we need to support SMEs with AI adoption, and we must build an army of application layer AI specialists who understand both the tech and the SME business reality. These will be AI-empowered consultants, digital champions, and implementation experts who can deploy secure, right-sized solutions that work in the messy, fragmented, under-pressure environments where SMEs live. A Scotland that leads in application layer AI would not only boost productivity and competitiveness across our domestic economy; it would export that know-how globally, earning a reputation for practical, high-impact innovation. In AI world, six months of delay is like losing 3.5 years of competitive edge. We simply cannot wait for market forces alone to tease this future into existence. To stay in the race, Scotland must: Invest in SME enablement programmes , not just grand strategies. , not just grand strategies. Fund AI application bootcamps , fellowships, and placement schemes to develop AI practitioners for the frontlines. , fellowships, and placement schemes to develop AI practitioners for the frontlines. Establish secure AI platforms that SMEs can trust - with data controls, auditability, and domain-specific plugins. that SMEs can trust - with data controls, auditability, and domain-specific plugins. Promote success stories of safe, effective AI in everyday businesses, showing not what's possible in theory, but what's already working in practice. The National Robotarium and AI Scotland programme are the seeds of something powerful. But to grow them, we must now irrigate the fields - especially in the SME landscape, where the economic multiplier is highest and the support is lowest. Let's not wait for the future to happen. Let's shape it, securely and boldly, from the ground up. Dr Brian Williamson is the Chief Strategy Officer at Kreoh, specialising in the application layer of AI. Agenda is a column for outside contributors. Contact: agenda@
Yahoo
12-05-2025
- Business
- Yahoo
Australian government selects Kreoh for R&D ecosystem review
The Australian government has engaged Kreoh, a Dublin-based AI engine for R&D tax consultants, to provide recommendations as part of a comprehensive strategic examination of the country's research and development (R&D) ecosystem. Kreoh deployed teams to Australia's key innovation hubs in Brisbane, Sydney, and Melbourne to assess the potential for R&D incentivisation amid the accelerating pace of AI-driven change. The company, which has offered insights to businesses, institutions, and governments on maximising R&D payments since its founding, contributed expert submissions to inform Australia's strategic planning. In 2024, Australian government support for R&D was projected at A$14.4bn ($9.2bn), equivalent to 0.52% of GDP. This comprised A$4.3bn in industry R&D tax measures and A$10.1 billion in other budgetary allocations. The company highlighted the need to incentivise and facilitate collaboration in Australia, adding that universities and businesses often operate in separate spheres. They also recommended establishing clear digital pathways to connect talent, research, and commercial goals, ensuring broader participation in the innovation economy. Kreoh co-founder and managing director Garry Tiscovschi said: 'On first examination, our experts found that the country's existing system for R&D innovation is fragmented, but is eminently fixable. A priority should be a more digitally connected, AI-enabled R&D infrastructure that helps businesses scope, document and submit eligible R&D activity with confidence - and helps government track impact in real time. 'Australia's R&D policy should also evolve to support modern innovation models - especially in software, AI and service design. The current definitions and compliance frameworks could hold back progress in high-growth, high-potential sectors.' Kreoh's involvement in Australia marks the latest step for the rapidly growing company, which has evolved from an AI advisory firm into a multi-agent AI engine focused on R&D tax credit applications. Its AI engine enables professionals to ensure compliance and accuracy in submissions by combining AI precision with human expertise. The Kreoh research engine supports consultants by intelligently searching the internet, processing relevant data, and integrating it into reports. Kreoh serves a diverse international client base across the UK, Europe, and beyond, with applications in accountancy, R&D tax relief, insurance, utilities, and other sectors. Garry Tiscovschi added: 'We believe AI can help make Australia's R&D system more transparent, more efficient and more impactful. It's time to modernise how innovation policy is run – not just what is funded.' In February 2025, Kreoh appointed Dr Brian Williamson as its chief strategy officer, aiming to leverage his expertise in driving business growth alongside the company's AI capabilities in regulatory reporting and R&D tax credits. "Australian government selects Kreoh for R&D ecosystem review" was originally created and published by International Accounting Bulletin, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
