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To AI Assist or To Not AI Assist
Leveraging AI to elevate business productivity.
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By now, it's almost impossible not to have heard of ChatGPT, Chatbots, or some level of AI. Artificial Intelligence (AI) has become an integral part of our lives and businesses, evolving from classical AI to the current era of Broad AI (LLM/Large Language Models, LAM/Large Action Models), and poised for the future of general AI/AGI. AI's exponential growth has reached a pivotal juncture where its presence will soon be ubiquitous: AI everywhere.
The AI Revolution Is Here
ChatGPT and other large language models (LLMs) have brought AI into the mainstream. As AI capabilities advance from narrow to general intelligence, AI will increasingly integrate into business operations. The question now is not whether to use AI, but how.
Why is it important?
While the amount of information we process can vary from as little as 11MB (Reber) per day, that’s roughly as much information in a single photo you might share in a chat, to as much as 34GB (Cantor) or 3 - 6 hours of HD Netflix video (Hindy). The point is that we process a wide range of information daily from subconscious brain work. For those of us that are actively processing, there may be much more information that we need to take in and analyze.
AI Can Augment Human Intelligence
Constant information processing can tax mental capacity for entrepreneurs and small business owners. AI can minimize non-essential cognitive work to free up mental bandwidth. By combining AI and human intelligence, you make better decisions faster.
AI Enables Working Smarter
With AI, the focus shifts from working in your business to working on your business. By automating tasks, you save time and energy for high-level strategic work. AI augments human productivity so you can do less busy work and more meaningful work.
Using AI effectively (IBM) in your entrepreneurship or small business journey can help strike the right balance (Shah) between working in the business and working on the business.
No need to read a full article when you can summarize it with your favorite LLM (Large Language Model) chatbot. This frees us up to do less but MORE effective work while saving us time and giving us more free time to be humans.
Key Benefits of AI for Small Business
Using AI effectively delivers many benefits:
- Automate customer service with chatbots
- Summarize long content quickly with LLMs
- Streamline processes by automating repetitive tasks
- Generate new content based on your expertise
- Innovate by solving problems with custom AI solutions
- Create engaging experiences that delight customers
Get Started with AI, today!
You can get started with AI, today. Take a look at the tools below which can assist from website design all the way to content!
Basics
Image Generation
Productivity
Website Builder
Social Media
Marketing
Copywriting
Coding
Presentations
References
- Hindy, Joe. “How much data does Netflix use? We tested it, here's what we found.” Android Authority, 12 December 2023, https://www.androidauthority.com/how-much-data-does-netflix-use-976146/. Accessed 21 January 2024.
- IBM. “Humans vs. AI: who makes the best decisions?” YouTube, 15 February 2022, https://www.youtube.com/watch?v=8lo1s29ODj8. Accessed 21 January 2024.
- Reber, Paul. “What Is the Memory Capacity of the Human Brain?” Scientific American, 1 May 2010, https://www.scientificamerican.com/article/what-is-the-memory-capacity. Accessed 21 January 2024.
- Shah, Kinjal Dagli. “Why You Should Work IN Your Business, Not ON It.” Gusto, 3 October 2018, https://gusto.com/resources/articles/business-growth/entrepreneur-advice/working-on-vs-in-your-business. Accessed 21 January 2024.
Malcolm Paul
Malcolm Paul is a tech lover, lifelong learner, and entrepreneur. Hailing from the Caribbean island of Dominica, Malcolm brings cultural diversity and perspective to his lifelong passion. At his company, NITM (Ninjas in the Machine), his skillset ranges from product management, team building, investor relations, development and AI strategy all the way to founder advisory. He also functions as an interim CTO with NITM's startups to advise, build technology teams, and to prepare for investor conversations.
