We often encounter smaller companies, start-ups, or entrepreneurs saying: "We are too small to use AI," or, "We don't have the budget for AI." This is an interesting misconception, as many believe that implementing AI properly requires a large investment. However, there are two ways smaller companies can implement AI without spending large amounts of money:
1. Training and the Use of ChatGPT, other tools, or GDPR-compliant versions 💡:We observe productivity improvements among small and large companies alike through the use of these tools and by training staff accordingly. While these improvements vary, they can sometimes reach up to 30%. Additionally, AI has enabled many companies to bring in-house tasks that were previously outsourced, such as text translation or small programming tasks, thereby reducing costs. This is a powerful way to leverage AI without requiring a large budget.
2. Software and Hybrid Models 💻:Due to massive investments in AI in recent years, we now see a large number of start-ups offering great solutions on a licensing basis. These solutions provide a high ROI as they are use-case specific and often only require a licensing or usage fee. This presents a tremendous opportunity for small companies to benefit from the AI boom.
While these options may not always offer all the features a company desires, they can still provide significant benefits. ✨
These two strategies give smaller companies a great opportunity to leverage AI without the need to develop their own models, take on unnecessary risks, or invest heavily, all while driving value through AI. 🚀
Keywords: AI for small business, productivity improvement, AI tools, hybrid AI solutions
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