It’s a known fact that many big companies have leveraged artificial intelligence (AI) solutions and enjoyed a significant return on investment (ROI). The power of automating and streamlining processes is so strong that AI strategies are increasingly aligned with business goals. Customer satisfaction, minimal errors and better performance levels are some of its outcomes. Cloud migration has also helped cut costs.
There appears to be the notion that only large corporations need to automate processes and that smaller ones needn’t necessarily adopt frontier technologies. To that effect, many fledgling companies treat AI with skepticism. Moreover, many of them don’t have the wherewithal or skill sets to handle AI-cloud solutions.
Other hurdles present themselves. The cost of scaling-up operations to adopt AI solutions tends to pull people down. This fear is reinforced by the fact that Covid-19 has put a financial strain on many balance sheets. “Holdbacks...