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AI seemed abstract compared to other ground-breaking tech that you could see and feel.
Now, there is a common understanding that AI is accessible to everyone.
So, the question now is how do we empower SMBs to truly harness this breakthrough in AI capability?
According to TheresAnAiforThat.com, there are currently approximately 13,000 AI tools for 14,000 unique tasks, and rising.
This can lead to a paradox of choice as SMBs look to ride the AI wave.
IfSMBsare going to take advantage of AI to transform their business, a shift in mindset is required.
; working back from there.
Whatever the problem, or opportunity, the chances are there will be an AI tool that can help.
Removing this mental barrier can help businesses unlock new ways to overcome longstanding barriers to their success.
Take cash flow forecasting, for example.
Unreliable cash flow forecasts are a recurring challenge foraccountingteams and, therefore, the wider business whatever the size.
But it can disadvantage SMBs in particular, in terms of their ability to invest and grow.
Recent research showed only one in five IT decision-makers have a strong understanding of how to harness artificial intelligence.
This is why the role of trusted advisors is so important.
By taking on the repetitive, administrative tasks, AI empowers employees to concentrate on more strategically important work.
For example, with AI handling supplier invoice processing, employees can focus on managing the supplier relationship.
That means selecting and investing in solutions that are fit for purpose.
Especially in accounting, where accuracy and trust in results is paramount and data can be complicated to digest.
Off-the-shelf solutions can be highly effective in doing the job required of them to a high standard.
This is where trusted advisors play a crucial role.
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The views expressed here are those of the author and are not necessarily those of TechRadarPro or Future plc.
