Although AI can be a powerful tool for small businesses to gain insights and automate mundane tasks, it is important to remember that it is not a panacea. AI can be a great asset for small businesses, but it is important to understand the potential risks and limitations of the technology. It is also important to remember that AI is not a substitute for human judgement and decision-making. Ultimately, it is up to the business owners to decide if AI is the right tool for their business.
Estimated reading time: 0 minutes, 55 seconds
Small Businesses are Turning to AI to Survive the Challenging Economy
yellow and black street sign
Verizon's annual State of Small Business Survey has found that small businesses are turning to Artificial Intelligence (AI) to survive the current economic climate. The survey was conducted with over 2,000 small business owners and found that over half of the respondents are using AI to increase efficiency and reduce costs. Additionally, the survey found that the majority of small businesses are looking to AI to help them better understand customer needs and preferences. The survey also revealed that small businesses are increasingly looking to AI to help them automate mundane tasks and gain insights into customer behavior.
Latest from News
- 29% of Companies See Improved Accuracy with Accounts Payable Automation
- Discover the Secret to Small Business Success This Holiday Season!
- Discover the Top Tech for Working From Home in 2023/2024
- Is Your Business' Tech Stack Holding You Back? Here's How to Tell
- Big Tech Sponsors Biden Admin's Small Business Week
Most Read
-
-
Feb 08 2012
-
Written by SBN Editors
If you own a business, you should get fleet vehicles.…
-
-
-
Sep 08 2011
-
Written by Editor
ADP®, a leading provider of human resource outsourcing, payroll services,…
-
-
-
Jun 18 2013
-
Written by News
NETGEAR®, Inc. has shipped the NETGEARProSAFE(TM) Single-Band Wireless-N Access Point…
-
-
-
Nov 14 2012
-
Written by SBN Editors
Today we are going to focus on a few of…
-