If you are a small business owner, a contractor, or a freelancer you need to read this article carefully. In the history of human evolution, it was proven repeatedly that those who didn’t adopt technology in time were extinct from the market.
Here is a great example. During the early modern period(around 1700), India was the world's main producer of cotton textiles, with a substantial export trade. Indian textiles were exported to Britain on a large scale from the seventeenth century. The Industrial Revolution in Britain made textile products way cheaper and production increased massively, ruining India’s share in textile export. Here is a great report about how India lost the market share of textile products in a span of 5-10 years
Here are some use cases of how businesses are using AI & automation to advance their business.
This door-to-door (D2D) selling company previously achieved less than 5% sales rate from their efforts. Last year, we developed a mapping tool that scores houses to predict their sales probability. We analyzed every household in their target area using government census data and over 150 other data points. Now, the mapping tool guides the sales team to the houses with the highest likelihood of making a sale.
The North American lawn & garden care market is expected to reach $108.2 billion by 2027. We provided a small AI tool to a landscaping expert. The tool can instantly generate lawn improvement ideas based on real lawn photos. The expert used to spend hours designing the concept photos manually using Photoshop, and other similar tools. Now that she has plenty of free time, she wants to take on more projects. We are helping her acquire more business by automating her business generation strategy and lead funnel creation.
We are developing an AI-based security system using computer vision that can detect weapons and any irregular activities for a security agency. With that, they would be able to increase the efficiency of their monitoring system and reduce human error and cost. A manufacturing company is speaking with us for product counting and defect detection using the same technology.
From our conversations with several business owners, we learned that many are either unsure of how to use automation in their business or believe that implementing AI is too costly.