5 Tips to Seamlessly Integrate AI Into Your Business

Five strategic tips to help businesses integrate AI thoughtfully during its early, high-risk boom phase: define clear goals, start small, build AI expertise, choose tools wisely, and prioritize privacy.

Small businesses shouldn’t ignore AI during its boom phase, but they shouldn’t get carried away either.

Yes, AI is still in its early stages. Yes, there is still a lot we don’t know about AI. And yes, AI is here to stay.

Implemented the right way, AI can work in tandem with human expertise to automate repetitive, time-consuming tasks, break down complex data, tailor customer experiences, and generally help your business succeed.

While AI may seem like a challenge the business world has yet to face, it’s really just another iteration of technological change that has been occurring for decades.

The Tech Industry’s Boom and Bust Cycle

The dot-com boom of the 1990s and early 2000s saw the birth of internet service providers and search engines such as Infoseek, Lycos, WebCrawler, and Ask Jeeves.

As we now know, most of those didn’t make it.

The dot-com bust was the downfall of a lot of companies. Why? Poor planning, an inability to monetize, failure to adapt, and a lot of competition.

Then came social media. Friendster, Foursquare, and MySpace were all popular but eventually lost their momentum as other, more adaptable platforms, built on an idea and not on technical advancement, took their place.

AI is still in its early boom stage—meaning it’s probably not a good idea for businesses to tie their future to it.

5 Tips to Help You Embrace AI Effectively

Some believe AI represents a risk to workers, but that risk remains undefined and uncertain. What is certain is that AI already has the ability to be a great resource.[…]