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Is Your SMB Losing Money by Delaying AI Adoption?

Is Your SMB Losing Money by Delaying AI Adoption?

Discover the hidden costs of postponing AI implementation and how to stay competitive in 2024.

Pallas Advisory
July 17, 2024 • Estimated Reading Time: 4 minutes

Welcome, AI Strategists

💫Current thoughts: I've shared a bunch of thoughts in my newsletter about how SMBs should approach AI this year (while Enterprise is still figuring it out). I can throw stats at you, but really, it comes down to: Are you ready to move forward, or are you gonna be left behind? When I chat with people about this, I compare it to the early days of the internet. It's kinda like that. Back then, you needed a website or your biz would struggle. The cool thing now is this tech - you don't need a developer - it's for everyone. Your unique human touch drives the results that can make your business boom. So, are you all set for it?

Weekly Blog

The Hidden Costs of Delaying AI Adoption

Staying ahead of the curve is crucial. But for many SMBs, the idea of adopting AI can seem daunting. What many don't realize, however, is that delaying AI adoption could be costing them more than they think. Dive into the hidden expenses of procrastination when it comes to AI integration in this week’s blog.

www.pallasadvisory.com/blog/the-hidden-costs-of-delaying-ai-adoption

AI News Roundup for SMB Decision-Makers and Marketing Professionals

The Rise Of AI Automation Will Drive The Democratization Of Technology And Innovation

Innovation should be a team effort, not limited to engineers or specialists.

www.forbes.com/sites/forbestechcouncil/2024/07/16/the-rise-of-ai-automation-will-drive-the-democratization-of-technology-and-innovation

How SMBs can unlock efficiency and innovation with gen AI

SMBs can use gen AI to automate tasks and boost efficiency, making work smarter.

www.techradar.com/pro/how-smbs-can-unlock-efficiency-and-innovation-with-gen-ai

AI Ushered In A New Era, Now Leaders Need To Develop New Skills

Today's leaders must embrace a more dynamic and agile approach.

www.forbes.com/sites/forbestechcouncil/2024/07/11/ai-ushered-in-a-new-era-now-leaders-need-to-develop-new-skills

How AI can help you get ahead in business

AI is helping small business owners gain a competitive edge.

www.wework.com/ideas/research-insights/expert-insights/how-ai-can-help-you-get-ahead-in-business

Can we please stop talking about replacing employees with AI?

Before CEOs start swapping out humans for AI like yesterday’s leftovers, they might want to try these three strategies.

venturebeat.com/ai/can-we-please-stop-talking-about-replacing-employees-with-ai

The Future of Work: Generative AI in the Workplace

Discover generative AI's benefits in the workplace and its future impact on business.

www.grammarly.com/business/learn/generative-ai-in-the-workplace

How Midsize Companies Can Keep Up with AI

Many businesses are handling generative AI in isolation, but fixating on short-term gains limits potential. Expand your perspective. Evaluate how innovations align with current tech and future direction.

hbr.org/2023/05/how-midsize-companies-can-keep-up-with-ai

Prompt of the Week:

Saving money is a good thing. You can work with AI to help you find areas for cost savings. Make sure to provide business details or context. The more detail AI has the better the output.

Assume the role of an expert financial advisor and list effective ways to reduce costs and increase profitability for our business, ensuring each suggestion is practical, feasible, and focused on long-term financial sustainability. [Provide Business Context/Details]

Get started with AI

Understand your current AI readiness level to help you chart your AI course. Because in this new business reality, it's not about how big you are, but how smart you play the AI game.

www.pallasadvisory.com/ai-readiness

Just Because

🐹 (there’s no Capybara emoji) A moment of Zen in the rain.
😺New Cat Breeds: I approve. Demonstrating AI advances with cats.
🍔Hungry? Fully generated AI ad that is pretty slick.
🔥Empowered AI: Check out my fresh page showcasing a Text Blaze walkthrough (perfect for prompt pros), a peek at my GPT model, and a sneak peek at my tech stack with a hefty dose of AI love!
👍️ Don’t keep all the fun to yourself. Share this newsletter