The development of generative AI models has sparked a technological revolution that some experts liken to the revolution caused by the advent of the Internet as assistive technologies that allow people to complete everyday tasks have been greatly improved. and efficient.
With the potential to increase efficiency and productivity, reduce costs, and open up new growth opportunities, generative AI can gain a significant competitive advantage for companies that can leverage it effectively.
Here are some of the ways AI can help small businesses cut costs.
1- Improve outsourcing:
No matter what service or product your startup or project provides, at some point you will need to outsource - the so-called (outsourcing) - a practice used by many companies to hire contractors to perform specific tasks and thus reduce costs.
As your business grows, some of the primary outsourcing problems will be the lack of affordable efficiency, and finding and fixing these shortcomings will be expensive and time consuming.
But there are also people who have solved this problem for companies of various industries using artificial intelligence. HeyScottie makes outsourcing easy with their automated pricing engine technology. The platform uses artificial intelligence to evaluate millions of listings in minutes and quickly present you with the best option for your business.
2- Accelerated Skill Upgrade:
There is no doubt that bridging the skills gap is vital to the success of any business, and not only can it help you prepare for the worst, it can also help you improve teamwork and drive innovation. However, the problem is that it can be very difficult for small businesses to measure return on investment and track development progress.
That's why BigSpring's AI-powered platform is designed to help employers and employees align goals while benefiting from upskilling efforts. The platform leverages artificial intelligence to deliver a personalized training experience, uncovers areas where users benefit the most to maintain long-term employability, and provides employers with a way to assess employee skills and know the return on investment (ROI) to estimate them, aiding in decision-making. Based on factual data.
3- Simplify complex operations:
The main advantage of AI technologies is that they can simplify and automate processes. So using them to find out the complex processes in your company and allow your team to run efficiently is a great way to reduce costs.
when your team can focus on what matters; This will reduce costs in the long run, and simplifications can range from automating data collection to improving supply chain mechanisms.
At this point, you can take help from the Yobi platform, which uses artificial intelligence to simplify communication between customers and businesses. Not only does the platform standardize communication channels, it also automates sentiment analysis - the recording, transcription, and categorization of all calls and texts used to analyze customer sentiment - as well as automatic synchronization of all contacts, channels, communications, notifications, and communication with other services via Beyond integration, this allows organizations to manage facilitate their communications while reducing their workload so they can focus on quality rather than quantity.