Canada’s SMBs are slowly turning to AI to accelerate their growth

AI can reduce costs, increase efficiency, and generate valuable insights

2 min. read

Published onMarch 27, 2024

published onMarch 27, 2024

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Artificial intelligence can increase the growth rate of small businesses. After all, this technology can handle repetitive tasks and guide us through administrative ones. In addition, AI allows us to increase our work efficiency, and with the remaining time, we can improve and implement other features in our SMBs. This technology will make our small businesses evolve continuously and keep pace with global competitors. However, many of us need to learn the value of artificial intelligence and its tools.

How can AI be used for small businesses?

On the market, there are various AI models that you can use to boost your small business. After all, they can do many tasks for you, especially repetitive ones like taking orders or answering customer’s questions. Additionally, you can allow AI to learn more about your SMB. Afterward, you can use it to gather all sorts of statistics. On top of that, while they could be better atstructured data, they can handle simple spreadsheet tasks. Also, AI can generate promotional content such as text, videos, and images for your small business.

According to a study by Edelman Mexico andMicrosoft, 78% of small businesses from Canada want to adopt AI, and 68% encourage their employees to use the tool. Additionally, over 66% of the companies using AI report that it improved their productivity and work quality.

Small businesses are an important part of Canada’s economy. According to research, they represent 98% of all employer businesses. On top of that, SMBs generate more than half of the GDP (gross domestic product) attributed to the business sector. Thus, by increasing the overall productivity of SMBs with AI, the whole country will benefit from economic growth.

Ultimately, Microsoft took this opportunity to help SMBs improve with the help of AI. As a result, the company offers business managers, owners, and employees tools and guides for a better understanding of artificial intelligence. By doing this, Microsoft ensures that some small enterprises attain AI-powered automation and properly use AI-driven analytics to improve their decision-making. As a result, Canada will be one step further in terms of full AI integration. Furthermore, small businesses will have the possibility to thrive in the global marketplace.

What are your thoughts? Are you going to integrate AI into your work? Let us know in the comments.

With KB5043178 to Release Preview Channel, Microsoft advises Windows 11 users to plug in when the battery is low#

Copilot in Outlook will generate personalized themes for you to customize the app#

Microsoft will raise the price of its 365 Suite to include AI capabilities#

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Outlook will let users create custom account icons so they can tell their accounts apart easier#

Canada’s SMBs are slowly turning to AI to accelerate their growth#

How can AI be used for small businesses?#

With KB5043178 to Release Preview Channel, Microsoft advises Windows 11 users to plug in when the battery is low

Copilot in Outlook will generate personalized themes for you to customize the app

Microsoft will raise the price of its 365 Suite to include AI capabilities

Death Stranding Director’s Cut is now Xbox X|S at a huge discount

Outlook will let users create custom account icons so they can tell their accounts apart easier

Canada’s SMBs are slowly turning to AI to accelerate their growth

How can AI be used for small businesses?