Artificial Intelligence For Startups and Small Businesses

Artificial Intelligence and Startups

Much of the time we spend working each day isn’t spent as productively as we’d like; instead, we’re forced to complete routine functions week after week that take up valuable resources better spent on innovation and proactivity. And while big businesses tend to be heavy with human capital able to monotonously tick routine boxes day after day, small businesses and startups generally need to be putting their employees to better use in order to remain competitive. Artificial intelligence, an escalating trend, may hold the key to the improved employment of human resources through the atomization of large parts of workloads. Letting machines conduct routine and simple jobs also provides the benefits of improved productivity, efficiency, and staff morale.

Battling Inefficiency

Currently, artificial intelligence technology has the ability to understand and learn from simple tasks, and often is able to find the means of reducing, or entirely eliminating, the need for these tasks. Chatbots already take repetitive information-sharing functions away from personnel who are then freed up to manage more intricate customer service queries, and for the smaller organization with limited customer-facing personnel this can provide an extreme improvement on overall customer service.

At a more sophisticated level, artificial intelligence is used to analyze patterns, and through high-level analytics processes provide insight into marketing, business operations, logistics, and other key business areas. Artificial intelligence can help businesses revise strategies for improved performance and reduced costs, and though the fear exists that current implementations would be too complicated, costly, and disruptive, each new implementation furthers the possibilities of what artificial intelligence can offer.

Surmounting the Obstacles

Determining where best artificial intelligence can benefit a startup or small business means recognizing that while it could offer value to all areas, there are a few that would most readily benefit from its employment. Currently, artificial intelligence is limited and won’t provide the type of judgment and practicality necessary for advanced decision-making. Though able to learn on a rudimentary level it can’t compete with human intelligence and understand important factors of communication such as context; artificial intelligence platforms will often not be able to separate sarcasm or irony from statements, and would likely result in erroneous decisions if expected to. That said, much of the information we’re required to address on a day-to-day basis is very basic and the analysis of this could best be left to machines.

Small businesses would, of course, be hard pressed to invest heavily throughout their organizations in artificial intelligence strategies to improve efficiency, but identifying specific areas for integration could be both cost-effective and simultaneously provide the greatest overall benefit. Finding the most repetitive and tedious tasks and automating them can free up large amounts of time and significantly improve employee happiness. One area particularly suited to this would be data entry, a task that is not only monotonous but also likely to see a higher level of human error due to its dullness.

Always an essential consideration, before artificial intelligence is implemented it’s important to consider the effect on business profits. Though artificial intelligence implementations may improve operations and employee function, the added complexity may also increase costs to the point where efficiency, no matter how much improved, is not resulting in increased return on earnings. Worse still, implementations may cause losses. Choosing less-transformative but simpler artificial intelligence applications would, in this case, provide greater overall value, and recognizing that even the smallest application can offer valuable gains helps us make the right choices.

Just as many modern technologies are limiting the gap between big business and smaller entrepreneurial ventures, artificial intelligence solutions could help the playing field. For now, it’s a matter of starting small and enjoying the advances that are putting improved tools in our hands daily.

By Jennifer Klostermann

Gary Taylor

6 Organizational Challenges for Cloud Services

Cloud Service Challenges Organizations have rapidly come to the realization that digital cloud services make a compelling business case for helping them navigate this difficult pandemic year. The market for cloud services is expected to ...
Ronald van Loon

How Continued Learning Can Help Data Scientists Solve Industry-Specific Challenges

Data scientists are, first and foremost, problem solvers. But new problems can’t always be solved with old tricks.Currently organizations in every industry are experiencing overwhelming challenges, many of them emerging from shifts to digital, the ...
Steve Prentice

The Human Element of Zero Trust

The Awareness of Malicious and Threat Actors Security specialists have long known that a single weak link in a chain is all that is needed to bring down a cyberdefense. Sometimes this comes down to ...
Jim Fagan

Submarine Fiber Life Extension: Bridging The Cloud Capacity Shortage

Submarine Fiber Life Extension There has been no lack of media attention given to the fact that Big Tech is building private subsea cables. Big cloud providers like Google, Facebook, Amazon and Microsoft have invested ...
Yotascale podcast

Episode 10: The Modern Day Smokestack? The Economics of Cloud Management

The Modern Day Smokestack A conversation with Asim Razzaq, CEO, Yotascale Why is cloud cost management so difficult? What are the main challenges in achieving cloud cost optimization? What are the principles of cost optimization ...

PROXY SERVICES

The CloudTweaks technology lists will include updated resources to leading services from around the globe. Examples include leading IT Monitoring Services, Bootcamps, VPNs, CDNs, Reseller Programs and much more...

  • Smartproxy

    Smartproxy

    Smartproxy is a rising star in the constantly growing proxy market. Smartproxy offers awarded customer service, impressive performance, and is serious about your anonymity (yes, cybersecurity matters). The latest features developed by Smartproxy are 30 minute long sticky sessions and Google Proxies. Rumor has it, the latter guarantee 100% success rate

  • Bright Data

    Bright Data

    Bright Data’s network is one of the most robust of its kind globally. Here are its stark advantages: Extremely stable connection for long sessions (99.99% uptime guaranteed). Free to integrate with our Proxy Manager which allows you to define custom rules for optimized results. Send unlimited concurrent requests increasing speed, cost-effectiveness, and overall efficiency.

  • Rsocks

    Rsocks

    RSocks team offers a huge amount of residential plans which were developed for plenty of tasks and, most importantly, has been proved to be quite efficient. Such variety has been created on purpose to let everyone choose a plan for a reasonable price, online, rotation and other parameters.

  • Storm Proxies

    Storm Proxies

    Storm Proxies' network is optimized for high performance and fast multi-threaded tools. You get unlimited bandwidth. No hidden costs, no limits on bandwidth. Try Storm Proxies 100% Risk Free. If you are not happy with the service email us within 24 hours of purchase and we will refund you.