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Episode 5 | The Disruptive Power of AI

Author
Eric Whitmoyer | CEO, My Biz Coaches
Published
Sat 28 Jan 2023
Episode Link
None

In this episode, Eric and David discuss the Disruptive Power of AI. They review the impact of AI on small businesses, entrepreneurs, and the global economy. 

Key points from this episode:  

  • Increased Efficiency: AI can automate repetitive tasks, such as data entry and analysis, freeing up time for entrepreneurs to focus on more strategic and creative endeavors.  
  • Improved Decision Making: AI can provide entrepreneurs with valuable insights and predictions based on large amounts of data, helping them make more informed decisions. 
  • Cost Savings: AI can help reduce labor costs, lower operational expenses and increase the return on investment.  
  • Competitive Advantage: Adopting AI can give small businesses a competitive edge over their rivals, by providing them with the tools to innovate and stay ahead of the curve.  
  • Personalization: AI can improve the customer experience by providing personalized recommendations and interactions, enabling entrepreneurs to build stronger relationships with their clients and customers.  
  • Scalability: AI can help a small business scale and grow by providing the needed automation, analysis and prediction that are hard to scale with human resources alone. 

Special thanks for OpenAi and ChatGPT for your help in preparing this show.   

Stats referenced in this episode can be found at:  Simplilearn.com Tidio.com Demandstage.com

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