Statistics show that more than 9 in 10 leading businesses have ongoing investments in artificial intelligence and AI tools.
GenAIcan help small companies level the playing field. Generative models are changing the way we think about machine intelligence and creativity, and have the potential to transform every industry in every geography.
Producing high-quality, consistent, and engaging content has often been a luxury beyond the reach of small enterprises (SMEs). But now, even a ‘ma and pa’ startup can leverage generative AI to create vivid product descriptions and imagery, as well as ads, all while keeping costs under control.
According to Sharad Agarwal, CEO of Cyber Gear, “Generative AI has the potential to close content, insight, and technology gaps that large corporations typically have over smaller businesses. This tectonic shift presents a unique opportunity for SMEs, whose inherent agility gives them an edge in adopting and innovating with AI.”
Here are some of the other benefits of using AI tools for small business operations.
- Increased efficiency & productivity: AI tools can improve employee efficiency and productivity by automating manual tasks, saving time, and reducing errors.
- Cost cutting: AI can significantly lower business operational costs by streamlining operations and automating manual tasks.
- Personalized customer services: Advanced AI tools and chatbots can help small businesses personalize the customer experience at scale, maximizing customer retention and sales.
- Reduced workforce: AI can handle manual and repetitive tasks, so investing in efficient AI tools can help businesses significantly reduce their workforce.
- Increased profitability: Increased efficiency & productivity and reduced workforce and overall costs ultimately help you increase business profitability.
Cyber Gear has prepared a comprehensive report to help SMEs leverage the power of AI to jumpstart their business. The report can be downloaded at AI Unplugged.