With all the noise (the good, the bad and the ugly) around Artificial Intelligence (AI), we thought we would take a dive into the world of Artificial Intelligence and how it can help you and your business.
AI can be a powerful tool to take over some of the mundane tasks you and your team face each day.
Think of AI as your digital assistant ready to take on the grind, freeing you up to focus on the entire playing field that is your business.
Here’s a quick rundown of how we got here and why it matters:
Automated software like Xero has been around for a while, quietly streamlining tasks and improving efficiency. Bots can handle repetitive tasks, freeing up human resources for more
strategic activities.
Think Chat bots that automatically appear when you are surfing the web, these can be used effectively to create client/ customer engagement.
Since the introduction of tools like OpenAI’s ChatGPT, content creation for emails, blogs letters etc, can be created in minutes. Sometimes using these tools to get you started on that task you have been procrastinating on, because you just don’t know where to start.
These models can draft emails, create content, and analyse data in a flash. AI Agents encompass a wide range of functionalities, including decision-making, problem solving, processing including decision making and interaction with external environments.
These intelligent autonomous entities can independently follow complex processes. Imagine an AI managing your inbox, sorting and filing, while you focus on growing your business.
With enhanced functionality and seamless integration into everyday tools, AI has become so effective and user-friendly that we often don’t even realise we’re using it.
So, why AI
- Profitability:
Businesses using AI report a 10-30% increase in profitability. AI helps you make smarter
decisions faster, leading to better financial outcomes. - Efficiency:
Automating routine tasks can save up to 20% of your time. Imagine what you could do with
that extra time! - Productivity:
AI can improve employee productivity by up to 40%. By handling the grunt work, your team
can focus on more strategic tasks. - Scalability: With AI, scaling your operations becomes easier. Need to handle more
customers or clients? AI tools can help you manage increased demand without breaking a
sweat.
Where to start with AI
- Identify Pain Points: What tasks are eating up your time or causing headaches? Start
there. AI excels at handling repetitive tasks, data analysis, and customer service. - Choose Your Tools: Pick one or two AI tools that address your pain points. For
example, if bookkeeping is a challenge, consider starting with Xero. Need help with
customer enquiries? ChatGPT is your go-to. - Implement and Improve: Integrate the tools into your daily operations. Don’t expect
perfection right away – give yourself and your team time to adjust and learn. Be patient and
start small. - Measure and Adjust: Keep an eye on the metrics. Are you seeing improvements in
efficiency and profitability? Make tweaks as needed to get the most out of your AI tools.
While change and technology can be daunting, AI can be an incredibly powerful tool for your business. Chat to us about how to implement into your business.
Disclaimer: The information provided is general in nature and does not take into account your personal situation. You should consider whether the information is appropriate to your needs and seek professional advice where appropriate.