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There’s a common assumption that artificial intelligence (AI) is out of grasp for ordinary folks like you and I; the truth is that all of us are already daily active users of this revolutionary technology.
From Apple’s Siri to Google’s predictive searches, AI has fundamentally infiltrated every facet of our life and decision-making; it’s hard to even imagine a world without it!
In basic terms, AI is the capability of a computer system to learn and think like a human. If used optimally, it enables enterprises to accomplish more by automating processes, multiplying productivity and delivering acute insights.
A study revealed that 72% of CEOs consider AI to be a significant business advantage. While most medium-sized businesses (72%) implement AI and machine learning, very small businesses (13%) are laggards across all sectors.
So, why aren’t more small business owners taking advantage of such technological innovations? For starters, they feel that AI is expensive and cumbersome to use and may not understand the potential benefits of it. Or they think that cutting-edge AI solutions are simply inaccessible to the smallest of them.
That is absolutely wrong. While small businesses should not get overly caught up in the hype surrounding AI, it’s downright important for them to have an eye on solutions that might make a significant difference in their operations.
Take Counto, for example—an AI-powered platform, which provides low-cost tax and accounting solutions and services to customers by completing manual tasks like data entry and extraction at a fraction of the time it takes humans, and with greater precision. Plus we offer fixed, monthly plans that deviate from typical cutthroat transaction-based price structures.
Make no mistake. Technologies like AI can be a huge help, especially when it meets the specialised needs of a small business. The cost of hiring an accounting firm might have been prohibitive for the littlest guys in the past, however, Counto has made it affordable and intuitive.
In today’s data-centric landscape, AI can add real value to internal operations and tip the scales back to the smallest of players. Companies then have a choice to make: be lost in their staggering quantities of data, or embrace AI and turn that treasure trove into their competitive advantage.
Try Counto for free. We’ll do one month of your bookkeeping and prepare a set of financial statements for you to keep. Contact us today!
