Which part of the value chain could benefit most from AI?
Sidharth Sharma
6 replies
Would be great to hear your thoughts!
Replies
Benson Gao@bensongao
If small and medium-sized enterprises use AI effectively, they can significantly reduce labor costs and improve efficiency, while also accelerating and enhancing user acquisition and conversion.
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@bensongao Agreed. Using an AI application would really help SMBs improve efficiency as well as profitability with better data driven decisions.
I reckon AI could have a huge impact in optimizing supply chains and logistics for SMEs. Like using predictive models to forecast demand, route optimization algos to cut transport costs, and maybe even chatbots and NLP for customer support & sales. Feels like there's tons of potential to boost efficiency and cut labor costs across the whole value chain with the right AI tools.
Using AI to automate and optimize different parts of the value chain like marketing, sales, service, supply chain management etc can def improve efficiency and reduce costs for SMBs. I think customer service, lead gen, and content creation are some key areas that could benefit a lot from AI tools. Things like chatbots, AI writing assistants, predictive analytics to score leads, etc. Lots of potential there to streamline operations and boost growth without needing a huge team or budget.
@liampatricksullivan Can agree to it 100%. I do believe AI will be game changer for SMBs as these businesses are the most under served and under staffed segment.
AI can definitely streamline operations and cut costs across the value chain. I think the areas with most potential are production/manufacturing (automating repetitive tasks), marketing (AI-powered ad targeting and content generation), and customer service (AI chatbots). The key is figuring out where AI can have the biggest impact for your specific biz and customers. It's not a silver bullet but used strategically, AI is a game changer for SMBs looking to level up efficiency and growth.