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AI- The Preferred Direction of Modern SMEs

Artificial Intelligence is not a substitute for human intelligence, just a subtle way of reaching conclusions.

Despite all the hype about Artificial Intelligence, most of the AI technology is still in very early stages of development. Any AI successes are coming from Deep Learning and Machine Learning technologies, which are far too expensive and complex, with no direct ROI evidence, for Small and Medium Sized businesses.

Many businesses and consumers are already using Artificial Intelligence as their priority. This technology is being used in Applications like smart-home security systems, self-driving cars and intelligent refrigerators and also, in voice recognition devices and virtual assistants such as Google Home, Amazon’s Alexa, Siri and Cortana which are being used in workplaces and as well as at home. Changing our understanding of what’s possible Artificial Intelligence has already strongly influenced the world of work. AI can help Small and Medium-sized Enterprises (SMEs) do their tasks in more efficient ways, making them more productive, looking forward to which SMEs are embracing AI.

Why SMEs are important?

Because SMEs are primarily responsible for economic growth and prosperity. Their capacity for innovation and flexibility in a changing business environment makes them crucial for success in the global economy. SMEs also charge less to their clients than some of the big companies and this also allows the clients to benefit from cheaper and hence more profitable deals as they attract their way out for clients and provide special offers with reduced prices to increase their business or for the stable position in the market. In fact, it is these SMEs that governments rely upon to increase growth in their economies. The biggest asset of SMEs is that it provides employment.

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