How a small-business owner can benefit from AI

Artificial intelligence is no longer an exclusive tool for large companies to benefit from. Once a complex assistant for corporations willing to shell out millions on the newest technology, AI is now affordable for small businesses. As Business.com explains, the wide embrace of AI by companies across the globe has driven down costs so that it is easily attainable for small businesses and startups. This not only helps small businesses compete with larger companies, but can also make the day to day more efficient while saving money.

AI in the office

Every aspect of a company can benefit from AI, and this is especially true for small- to medium-sized businesses. An AI program has the ability to take over the roles, aide in sales and respond to customer inquiries according to Business.com. The same article goes on to explain how investing in an AI program for a marketing department can make the most of your marketing research while monitoring the competition. These AI programs can deliver marketers the information they need to make the most informed decisions and save them the time it would take to research these results themselves.

An AI program can also be used to cover a role that was once lacking in a small business. Like the example in the article states, HR for a small company can be costly. The time and cost that goes into hiring, training, and employing a new hire can be a drain on scarce resources. A system that can complete HR duties can be a great alternative with only an upfront cost and maintenance.

Every aspect of a company can benefit from AI, and this is especially true for small- to medium-sized businesses.

Benefits for the business owner

As the owner of a small business, you can benefit from the reduced costs long-term and hopefully an increase in sales. AI can reduce office and hiring costs and assist employees in making the best decisions which will hopefully result in larger profits. It is important to note that AI is still not inexpensive by any means. According to Azati Software, AI programs can start at $25,000, but depending on your needs can exceed hundreds of thousands of dollars. It may not be realistic for a small business to invest in an AI system for each department, but one or two could make a big impact.

Now is the time to begin adopting AI for your small business. One of the best things about this new technology is that you can purchase it based on your specific needs. While you focus on the running of your business, an attorney for business can help you navigate the legal problems that often come with the formation and growth of an enterprise.

Categorised in: Business Law

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