AI for Small and Medium-Sized Enterprises

Now is the perfect time to take a step forward together with the AI for Small and Medium-sized Enterprises.

Diving through AI waves Small and Medium-sized Enterprises - HiTechNectar
Published By - Kelsey Taylor

Artificial Intelligence is increasingly being embedded within all of our technologies. It has now been a long time since the top companies started practising Artificial Intelligence and Machine Learning. Without a doubt, a number of innovations and development has been carried out in AI, transforming multiple possibilities in every area- whether it’s healthcare, marketing, automotive or gaming, into a reality. This has made AI and machine learning ubiquitous.

Artificial Intelligence is like an iceberg; it has got a massive set of capabilities and innovation hidden beneath its already surfaced abilities

We are now living in the world full of developments, prospects and ideas, taking in the knowledge of Machine, Deep and Artificial Learning. So with this, small and medium-sized enterprises (SMEs) are also starting to participate and cultivate with the AI. From the very start, the fear of security and financial issues have been cultivated around the adoption of AI in the businesses primarily related to Small and Medium-scale Businesses (SMBs). But with the evolution in the past decade or so, multiple and more cost-effective alternatives are available now. So, as AI is becoming more accessible, we anticipate that the road will only get smoother for SME’s to make its way to AI.

So to get started with Artificial Intelligence, it is clear that you won’t need to make your software/tools, even chatbots reap the benefits of AI itself. A good number of providers are now affordable for a variety of AI solutions and services.

Now SMEs are progressing forward with AI and for all the right reasons:

  • Generating surprising insights
  • Predictive algorithms for Forecasting trends and
  • Better personalization/customization tools
  • Data analysis, management and mining
  • Customer relationships and reaching out to the right target customers
  • Sales, marketing and Social Media tracking and maintenance
  • Integrating chatbots and other virtual assistants
  • Modernizing Inventory activities and processes.
  • Automation in HR/Payroll, accounting and operations.
  • For recruiting without any biases.

Nevertheless, a myriad of repetitive task and redundancy are easily obliterated with the help of Artificial Intelligence and Machine Learning. Furthermore, it improves performance and efficiency substantially across different departments.

The history of any technology; whether it be the rise of computers, mobile or the internet, has taught us one thing! Tech devices always come with complexity and competence issue at first. But whoever pays attention to it from the start perpetually gets a much better boost than the others. Same is with the AI and MI that right now are at the starting phase of their growth and power, the sooner you harmonize yourself with the technology, the better upshot your businesses perceive in the future. The history of AI that it’s still writing, would become its legacy. And that is why now is the perfect time to take a step forward together with the AI for Small and Medium-sized Enterprises.

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Kelsey manages Marketing and Operations at HiTechNectar since 2010. She holds a Master’s degree in Business Administration and Management. A tech fanatic and an author at HiTechNectar, Kelsey covers a wide array of topics including the latest IT trends, events and more. Cloud computing, marketing, data analytics and IoT are some of the subjects that she likes to write about.

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