{"id":4594,"date":"2023-08-24T09:58:14","date_gmt":"2023-08-24T09:58:14","guid":{"rendered":"https:\/\/dailyai.com\/?p=4594"},"modified":"2024-03-28T00:44:49","modified_gmt":"2024-03-28T00:44:49","slug":"how-much-can-ai-save-small-businesses","status":"publish","type":"post","link":"https:\/\/dailyai.com\/da\/2023\/08\/how-much-can-ai-save-small-businesses\/","title":{"rendered":"Hvor meget kan AI spare sm\u00e5 virksomheder?"},"content":{"rendered":"

For many businesses that have yet to implement artificial intelligence, the reason almost always comes down to cost<\/a>. After all, every business has a budget and we at DailyAI.com<\/a> are very familiar with the multitude of costs that come with AI, from the hardware needed to run the algorithms to the fees for hiring data scientists or software developers, or even training existing staff on how to use AI systems<\/a>.<\/strong><\/p>\n

In December 2019, KPMG announced that it was investing <\/span>$5 billion into artificial intelligence<\/span><\/a>; PWC allocated $3 billion, while Ernst & Young have been allocating $1 billion a year since 2018. Statistics such as these don\u2019t serve small businesses well though, making artificial intelligence seem ever more unobtainable. For the larger firms, staying ahead of the competition is a key driver to the adoption of AI, but small businesses simply do not have the same impetus and this is particularly so in the midst of a <\/span>cost of living crisis<\/span><\/a>.\u00a0<\/span><\/p>\n

While budgets may be tight, the majority of small businesses would in fact find that the return on investment (ROI) is well worth the expenditure. According to a <\/span>recent report<\/span><\/a>, <\/span>Small Business Now: An AI Awakening, <\/span><\/i>91% of small businesses that have adopted artificial intelligence believe that it has made their business more successful. This success owes itself to two key factors:\u00a0 that it has saved the business time, and that it has also saved money.\u00a0<\/span><\/p>\n