From Finance to Fridays Off: AI's Epic Rewrite of Work & Costs!
Brian Hanson
Digital Marketing & Real Estate Investment Enthusiast | Wealth & AI Speaker |
Plus: 💪 Actionable strategies that can position your business at the forefront
Welcome to Another Issue of AI for Business
Today, we’ll talk about how leading companies like Microsoft, Alibaba Cloud, and others are leveraging AI to enhance workflows, reduce costs, and tap new opportunities.
Plus, creative ways AI is being applied globally to address complex challenges and some promising new AI tools that could benefit your business.
Ready? Let’s get into it! 👇
Read time: 5 minutes
TRENDING AI NEWS
What happened: Microsoft has introduced a new Copilot AI chatbot specifically designed for finance professionals to perform various role-specific actions in Excel and Outlook.
Deets:
How it might impact you: This new tool could potentially streamline the financial reporting processes of your business, which are typically the most complicated and labor-intensive areas in most enterprises. What you need to do: Start planning now to integrate Copilot into your key finance processes and workflows. Taking a proactive approach will allow you to maximize efficiency gains as the technology matures.
What happened: Alibaba Cloud, the cloud computing division of Alibaba Group Holding, has announced a substantial price reduction of up to 55% on some of its products. This move comes amidst fierce competition to attract AI software developers.
This announcement marks the most significant price cut by the company to date. (FYI: Alibaba also previously cut 50% in April 2023—such a reduction in less than a year!)
Deets:
How it might impact you: With more affordable cloud services on the market, businesses can have the opportunity to experiment with new technologies and innovate business models that were previously considered too costly.
How you can take advantage of it: For businesses already using or planning to use AI, this is an opportune time to scale your projects or explore new AI initiatives without significantly increasing your budget.
What’s the buzz: AI's integration into office operations is paving the way for a transformative work schedule model: the four-day workweek. It started in 2020. The concept, once deemed impractical, has gained momentum amidst the pandemic, leading to its actual implementation by companies in various countries including the UK, Iceland, Portugal, and Germany.
And: Based on findings, organizations using AI extensively are more open to adopting a four-day workweek compared to those that do not utilize AI as much.
For businesses, adopting a four-day workweek with AI's help could be a game changer if done right! Why?
But…
Although it holds a lot of promise, if you plan to take your business to this transition, you must done it with careful thought. Because you know, you still need to consider a lot of factors and possible conflicts. Done right though, it could be a win for productivity, profits, and work-life balance! What do you think - are you ready to join the four-day workweek revolution?
Are you in favor of having the four-day workweek implemented?
ENTERPRISE MOVES
How global organizations are applying AI in tangible ways and seeing results.
Explore practical examples of AI-driven innovation and gain insights on strategically leveraging AI in your business.
Recommended by LinkedIn
1. 🤝 Using AI to Spark Meaningful Relationships
Move: Japan is tackling its population decline with a unique approach—using AI algorithms in public matchmaking services to promote marriage and family formation. The AI-powered system is designed to improve compatibility assessments between potential partners, making the matchmaking process more effective.
Action: This move illustrates the potential of AI to address complex social challenges beyond its conventional applications. Similarly, your business can leverage AI to analyze data more effectively, whether for improving service delivery, enhancing customer relationships, or even driving a positive workplace environment that fosters meaningful connections and addresses both internal and external needs of your business.
2. 🛡️ Combating Phone Scams with AI
Move: Microsoft has recently utilized AI to develop a real-time analysis tool that listens for signals of potential fraud in a phone conversation, such as language prompting the recipient to disclose sensitive information. The tool can interrupt the call if it detects suspicious activity, allowing users to decide whether to end the call or request more information before making a decision.
Action: For businesses across various sectors, consider adopting similar AI solutions that can elevate your company's defense mechanisms against the evolving tactics of phone scammers, ensuring a safer communication environment for your business and customers.
3. 🔄 Streamlining operations
Move: Leading telecommunications companies Verizon and Telia are applying AI to sift through vast data volumes, boost operational efficiency, and provide their workforce with the essential tools needed to prioritize and address network issues effectively.
Action: If your business is in the telecommunications sector and you're looking to remain competitive, adopting a similar approach with generative AI could revolutionize your operations
Want to make the same move but don't know where to start?
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WELL… THAT’S A WRAP!
Until next time…
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Hope you enjoyed reading! 🥰
As always, I'd love to hear your thoughts, questions, or ideas. Don't hesitate to hit 'Reply' and share your insights with me!
Enjoy your weekend,
Brian Hanson CEO / Founder
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