How Small Businesses Can Leverage Artificial Intelligence to Stay Ahead of the Competition

How Small Businesses Can Leverage Artificial Intelligence to Stay Ahead of the Competition

In the past couple of years, artificial intelligence has become the darling of large corporations looking to leverage their vast customer bases and data warehouses to drive efficiencies and insights. The idea is that advances in computing power allow those with huge amounts of data to create advantages in the market. So, if you need large amounts of data and a sizeable investment to implement, where does that leave the small business community? 

I believe entrepreneurs and small businesses can leverage AI as an essential tool to unlocking a competitive edge in today’s accelerating small business landscape.

Whether it’s automating basic tasks or leveraging data to unearth insights that were previously inaccessible, AI can make a small business more productive, efficient and informed. But the advantages run far deeper than mere operational efficiencies. Advanced technology like AI has leveled the playing field, allowing you to scale your small business and go head-to-head with large corporations. In turn, those unique advantages that small businesses have always had – close customer engagement, niche products and services and strong company identity – will be even more valued in the eyes of the customer

Pistachio leaders tap sterile insect technology to reduce NOW damage

naval orangeworm and destroyed almond

A Navel orangeworm and destroyed almond.

Pistachio leaders tap sterile insect technology to reduce NOW damage

The project aims to raise millions of sterile NOW moths for release during the pistachio growing season to help suppress large native NOW populations which threaten crop quality in pistachio, almond, and walnut crops

Big business influence wanes as public rejects ‘bizonomics’

Ross Gittins 

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The collapse of the “neoliberal consensus” is as apparent in Oz as it is in Trump’s America and Brexitting Britain, but our big-business people are taking a while to twig that their power to influence government policy has waned.

Their trouble is the way the era of micro-economic reform initiated by the Hawke-Keating government in the 1980s eventually degenerated into “bizonomics” – the pseudo-economic belief that what’s good for big business is good for the economy.

Part of this is the belief that when you privatise a government-owned business, or outsource the delivery of government services to for-profit providers – when you move economic assets and activity from the “public” column to the “private” column – you’ve self-evidently raised economic efficiency and wellbeing

Bill Shorten’s inequality pitch has rustled the jimmies of conservatives | Greg Jericho | Business | The Guardian

 Leonardo Di Caprio playing Jordan Belfort in the film The Wolf of Wall Street: ‘From 2004 to 2014, the tide lifted a hell of a lot faster for the rich than it did the poor.’ Photograph: Allstar/Paramount Pictures





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The response to Bill Shorten’s move to make inequality front and centre of his re-election campaign has the highlighted how utterly stuck conservatives are in a pre-financial crisis mindset. Rather than address the issue that has been a clear concern of households during a period of flat real wages growth, the response has been to argue the problem doesn’t exist and that all we really need to do is reduce government spending, keep the minimum wage low and cut workers wages.

Bill Shorten’s speech on Friday in which he argued that inequality was “the biggest threat to our health as an economy and our cohesion as a society” certainly rustled the jimmies of the conservatives.

The treasurer, Scott Morrison, responded by clutching at the take put forward by the Australian and the Australian Financial Review on the weekend, that Shorten was overstating the problem of inequality and that it was “a lie” to say inequality had got worse.

As with all economic data, measurement is an issue. Roger Wilkins, the deputy director of the Melbourne Institute of Applied Economic and Social Research on the weekend suggested that the ABS’s measure of income share and Gini coefficient (a measure of inequality) was unrealisable because the ABS had “changed its method of collecting this data”, a claim the ABS’s Dean Adams disputed