Uploaded on Apr 25, 2022
Do you think AI is right for a small-scale business? Let us jump in and find out our answers. AI & Machine Learning for Small Businesses. 3 Ways to Leverage AI and Machine Learning in Small Businesses. Undoubtedly, small businesses today have tools at their end to help them in competing with the big names and with the other competitors popping around.
Is AI and Machine Learning Right to Use in Small Business
IS AI AND MACHINE
LEARNING RIGHT TO USE IN
SMALL BUSINESS?
AI & MACHINE LEARNING FOR SMALL
BUSINESSES
• It is a fact that science-fiction books and movies feature machines that are smarter than humans. AI is the
power of today's era. It has widened its boundaries, and now it is a part of reality. Already, large
organizations are taking advantage of its benefits.
• The Gartner 2019 CIO survey has revealed that 37% of organizations implement AI and Machine learning
processes.
• But what about small businesses? Do you think AI is right for a small scale business? Let us jump in and
find out our answers. AI & Machine Learning for Small Businesses
What is AI?
• AI is the concept to create intelligent machines that can stimulate human thinking capability and behavior.
• What is Machine Learning?
• It is the process of teaching machines how to react to the data provided.
3 WAYS TO LEVERAGE AI AND MACHINE
LEARNING IN SMALL BUSINESSES
• It is the process of teaching machines how to react to the data provided.
• 3 Ways to Leverage AI and Machine Learning in Small Businesses
• Undoubtedly, small businesses today have tools at their end to help them in
competing with the big names and with the other competitors popping around.
1. Automate Recruitment Process: Hiring and retaining talent is a huge
responsibility for any organization. However, small businesses often have no formal
HR department or a small team or solo practitioner. Even if your organization is
small, human resources work can be a daunting task for a single individual. But
thankfully, HR technology has evolved to include AI and machine learning to
reduce repetitive tasks. Here the best example is a resume parser, which helps
recruiters extract resumes or jobs data into their ATS/CRM quickly.
IMPROVE DECISION-MAKING
• We all know the recruitment industry is related to data. Hence, as the number of
data increases along with the acceleration of machine learning, it will overcome
manual decision by digital decision-making. The use of AI and Machine Learning in
small businesses in the recruitment process will help recruiters make timely and
accurate decisions while selecting a suitable candidate.
PROVIDE BETTER SECURITY
• In today's era, cybersecurity is the primary concern for all organizations.
Remember that those who wish to harm your business are using AI and Machine
Learning programs. There has been a lot of data breaching nowadays that
involves consumer data as well. Using AI and Machine learning in business can
help employers detect fraud because both these technologies can track each
other's behavior.
• These advanced technologies are meant to improve and strengthen your
business. There may be a need for change in every industry if they want to
survive in this competitive market. AI and Machine Learning are not meant to
replace anyone, but rather it was meant to elevate the ways things are done.
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