Artificial intelligence is giving small business owners an edge.<\/p>\n\n\n\n
\u201cIn the past, all the power was with the big organizations who had a highly skilled and specialized workforce; now AI is leveling the playing field,\u201d said Tom Hewitson, chief AI officer at General Purpose<\/a>, the UK\u2019s leading professional training center for AI, during WeWork\u2019s webinar “<\/em>Small Business in the Age of AI<\/em><\/a>\u201d <\/em>where small business owners delved into how artificial intelligence gives them a competitive advantage.<\/p>\n\n\n\n And if those advantages aren\u2019t noticeable yet, they will be soon. <\/p>\n\n\n\n Hewitson pointed to how startups are flourishing due to AI, with the UK government estimating that 50% more companies will be founded over the next 20 years. At the same time, more than two-thirds of small business owners (68%<\/a>) anticipate GenAI will allow them to better compete with larger businesses.<\/p>\n\n\n\n Why AI? According to Hewitson, AI saves small business owners time and money while adding value to their organizations. He emphasizes, “With AI, something that used to take a lot of time now takes no time at all.” <\/p>\n\n\n\n Take it from Becca Magnus, the founder of verbal branding studio Magnus & Co<\/a>, who used a mix of AI tools to conduct a comprehensive strategic audit for Audi<\/a> in a single day, a task that usually would take her about two to three days, saving Magnus days of work. <\/p>\n\n\n\n Our experts impart their real-life AI use cases to show all small business owners how you, too, could benefit from using AI (no matter your experience level).<\/p>\n\n\n