AI offers the chance for small businesses to compete more nimbly with larger competitors. No longer does it take a massive capital investment to procure serious computing power or massive amounts of storage. Both compute and storage are available on demand via the cloud and it’s the powerful combo of compute and data that make AI possible. However, like any new technology, there’s fact and fiction. What are the dangers and opportunities of machine learning for small businesses? And how can they avoid the pitfalls?
Like any new technology, Artificial Intelligence (AI) and Machine Learning (ML) remained largely available for the top brass of every industry at the initial stage. But like we have seen with many new technologies and innovations in the past, they are slowly going to be available for others in the long run. Already signs are ripe that AI and ML are going to play a major role in offering a level playing field to the small and medium-sized businesses of the future.