Can AI Boost Small Business Growth in Just 30 Days?

0:00 AI second week jobs. So I'm AII team, but you know, I'll just make the joke that I'm not coming for your jobs, only coming to assist you with your jobs. We've had the VP of Money 2020, Zach Pettit, that's VP Global Fintech strategy. He's a very big enthusiast of AI and you know, I'm Money 2020. I think those last year, yeah, I think the one in Amsterdam, they had the one in Las Vegas in October. So they said AI is not coming for your jobs, right? Your job is going to be taken by that person that knows how to use AI.

0:40 But I'm going to put you on the spot here. Do you believe AI will create more jobs or replace them in the industries that you serve? See the technology always going to remove some of the people from the employment. It is definitely yes, because when when there was a time we have to send everything manually or do everything manually, there were a lot of the people who are working.

1:04 And when e-mail came, it's reduced the numbers. And when, when telephone came, when mobile phone came from telephone because to be used to physically connect one connection to another connection. So when the mobile came, the technology always it's going to revolve by its own, the human, the people who want to survive.

1:27 They're going to learn every single new technology. It's end of the day. And some people, of course, yes, some people will lose the jobs. There is no thought about it because I used to have an an secretary, she writes most of my things which I required. But now I have AAI assistant. Before I even read the e-mail, it's already prepared a reply for me. And you know, it's, it's what are the e-mail I get it's, it's already prepares my e-mail reply. And all I need to do it is I need to, it doesn't mean that I can send that blindly.

2:09 I have to read it and still it's going to as a human, we need to do what we need to do. And I have to do the modification according to the requirement and then I send the stuff. But of course I don't need to think right now. I can be more efficient and that's how it's going to happen in the construction industry.

2:30 Some of the colours choosing or sometimes there is a there is a image scanner which came in the stone industry, the slab it scans the slab and exactly tell the colour what is the actual colour is there in that particular material which human can't do it yeah. So the technology always going to play the major role. It gives the best that's the purpose of the technology. And it's our responsible that we need to make sure that we are using the technology and we using that As for a growth purpose.

3:01 And we also learn about the technology we need to learn. Because if I say, you know how, how the Nokia said, you know, they're not going to evolve themselves for the touchscreen. When, when the when, when a company gave an opportunity to update the technology, they said no, they're not going to. If they're not going to update, then they're not going to be in the industry. Now the Nokia No one.

3:26 Wow. You understood what I mean. Man, Nokia, I remember the days of using Nokia, it was crazy. We had really strong phones. We really strong battery life. Yeah, Remember Nokia 3310? Very, very strong phone. Even BlackBerry as well, you know, crazy. Yes, David Fisher evolved as well. So yeah. Yeah, yeah.

3:47 If you don't evolve, you would you would die. You fear the way. Exactly. Exactly. So like how do you think a small businesses should approach AI when they feel? Overwhelmed see it's every business have the opportunity to grow. You know there is always there is a room to grow always there is a room to grow.

4:06 You hire a person right? It's it's not see nowadays you no need to hire somebody for a full time for anything. You have a lot of a freelancers recent days and you have a lot of the people to do what we require to do it now, because it's not like in in those days, you need to wait for a one person to come and fix that issue.

4:28 No, it's no more if you're not there. If that person is not there, you have another person, you have another person, you have another person. It's a very competitive world. That's how the small business are required. They just need to find the opportunity and, and do if they, if they're required that they need to hire somebody to modify the system, they have to hire because they no need to hire for a full time.

4:53 They can hire for three months or six months or 12 months. And they can put the system in place and, and just doing it, It is, it is as a small company, as a small business, it is your responsible to do. What do you require to do with you if you think you want to, to serve more, to make a business better and you have to do it, You can't say Oh no, even if I'm not going to do it, still I'm going to going to get my customers. No, it's not going to happen, No.