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October 31, 2024
AI’s Move to Main Street
The article in PYMNTS discusses how AI, once reserved for large corporations and tech giants, is now accessible to small businesses, helping them automate tasks like customer service, inventory management, and marketing. As AI tools become more user-friendly, small business owners can integrate these technologies into their everyday operations, enhancing efficiency and profitability.
The Real-World Impact on Small Businesses
PYMNTS points out that AI’s entry into the mainstream has democratised access to advanced technologies. For example, small retailers are using AI-driven chatbots to provide customer support, while local restaurants leverage AI for predictive inventory management. The key is to break down human processes into individual tasks and then AI can be educated to handle it. This shift represents AI’s tangible impact, empowering even the smallest enterprises to compete with larger players.
Editor’s Comment:
Many people say, I need an assistant to help organise things. WRONG!!!!!!! They need to organise things and then train the assistant to keep the process going. AI is no different. If you want AI to help you succeed, break it down and then delegate it AFTER you have figured out the process. AI will help you do it and refine it but YOU must first break it down!
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*An AI tool was used to add an extra layer to the editing process for this story.