LZGI - AI For All: How One Company Is Helping Small Businesses Improve Profitability Through AI
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Whether the economyis in a period of rapid growth or a major downturn, it’s often thetopic of conversations and media attention alike. And while the stockmarket and big-name corporations often dominate headlines and newscycles around the state of the economy, many may be surprised to learnthat it is small to medium-sized enterprises, also known as SMEs, thatact as the true driving engine behind most economies globally. According toThe World Bank , SMEs comprise a whopping 90% of businessesaround the world and, on average, represent approximately half ofemployment.
SMEscarry the bulk of the U.S.’s gross domestic product (GDP) output andgenerate millions of jobs. A report by the U.S. Small Business Administration Office of Advocacy notesthat SMEs account for 44% of U.S. economic activity. Another report by the World Bank shows that SMEs are responsible for around 50% ofworldwide employment as well as 40% of emerging markets.
These metrics show thatSMEs are foundational components of the U.S. economy, and their growthis key for the health of the economy. The World Bank estimates 600 million jobs will be needed to absorb the growing workforce by2030, opening new opportunities for SMEs to improve their operationalefficiencies and deepen their integration into their respective valuechains.
The good news: Technologiesthat could improve the efficiency, effectiveness and thus theprofitability of SMEs already exist. At the top of this list oftechnologies is one many are already familiar with: artificialintelligence (AI).
The Role Of Artificial Intelligence In SMEGrowth
The humanrelationship to AI has been around for decades. With impressionsranging from the post-apocalyptic (think “The Matrix”) to theutopic (think automatic cancer diagnosis), the world has pondered theinfluence that machine intelligence could have on life andbusiness.
Many ofthese ideas are no longer merely products of wishful imagination. Asprofessor Melanie Mitchell of Portland State University puts it,“Today’s AI programs… can spot subtle financial fraud, findrelevant web pages in response to ambiguous queries, map the bestdriving route to almost any destination, beat human grandmasters atchess and Go, and translate between hundreds of languages.”
This cognitive power hasalso been leveraged to produce results in financial settings. AI hasbeen lauded for its ability to cutcosts , automate tasks and create solutions. A report by the Organization for Economic Cooperation and Development (OECD)illuminates the benefits of AI with great clarity and places aspotlight on its efficacy with SMEs. Per thisreport , “By identifying patterns in datasets and learningfrom tacit knowledge, new AI systems make automating nonroutine taskspossible and frees workers from repetitive lower value-added tasks,”the report states. “These new waves of automation could help SMEsincrease productivity, e.g. by refocusing activities on highervalue-added functions, by reducing human and economic costs associatedwith accidents or injuries, or improving work environment. Theimplementation of such systems could also help small businessesovercome administrative bottlenecks and increase reactivity at lowercosts, for instance by enabling customer interaction 24/7.”
Automation is coming to simpleapps that can be downloaded from on-line app stores to docritical tasks like reconciling bank accounts. The problem: Capitaland information barriers have kept AI largely in the realms ofcorporate giants like IBM (NYSE: IBM) and conveniently out of reach ofthose that most need them: SMEs.
FatBrain: ‘ArtificialIntelligence For All’
FatBrain AI (LZG International, Inc.) (OTCQB: LZGI ) aims to change that.
As a specialist in AI solutions for SMEs and beyond, FatBrain has cultivated AIsolutions that enable every organization to simplify decision-makingand harness data to grow, save and do better business. Daily, weekly,monthly SME problem cycles could involve the spectrum from “How canI get paid faster?”, “How should I pay my workers?”, “How canI get insured quickly?” to “When should I invest in capital?”FatBrain lowers the barriers to adopting data-driven AI solutions toaddress such questions.
FatBrain believes such problems facing SMEs today have beentroubling business owners for decades. These problems have long beendifficult to derive solutions for because they involve too much data,have too many variables, and require too much time to efficientlyaddress.
FatBrainoffers a comprehensive suite of solutions. It works by plugging intoexisting software-as-a-service (SaaS) products — like QuickBooks (NASDAQ: INTU) Shopify (NASDAQ: SHOP), and Hubspot (NYSE: HUBS) — and aligns data there with millions ofdiverse market data signals. Then, the collected data is passedthrough FatBrain’s AI 2.0 Peer Intelligence engine which, alongsideFatBrain expert coaches, turns masses of disparate data intopeer-intelligence and actionable insights.
According to Chief Operating Officer ShawnCarey, FatBrain has worked with some of the biggest names in thebusiness to help solve problems, including Bank of America Corp. (NYSE: BAC), Comcast Corp. (NASDAQ: CMCSA), IBM (NYSE:IBM), Samsung Electronics Co. Ltd. (KRX: 005930) and Pilgrim’s Pride (NASDAQ: PPC). Now, it wants to level theplaying field by bringing AI to the driving engine of the U.S.economy: SMEs.
FatBrain has a growingsuite of plug-n-play solutions for SMEs that provide peer intelligenceand actionable insights using FatBrain’s AI 2.0 technologies thatare not available elsewhere in the market today. Stay tuned toBenzinga to learn more about how FatBrain and its solutions suite isrevolutionizing AI for all.
FatBrain AI (LZG International,Inc.; OTC: LZGI) is the first and leading provider of powerful andeasy-to-use AI solutions to millions of businesses of tomorrow drivingthe majority of the global economy, empowering them to grow, innovatefaster and savemoney. FatBrain’s innovative solutions transformcontinuous learning, narrative reasoning, cloud, blockchain and Web3technologies into auditable, explainable and easy to integrateproducts. FatBrain’ssubscription model allows all companies todeploy its advanced AI solutions quickly and easily, securelyutilizing them on premises behind their firewalls or via cloud. The AI2.0 pioneered by our teams is like WAZE for business growth, usingadvanced peerdynamics technology to automatically learn patterns fromindividual and peer behavior. This allows us to deliver coached,personalized AI solutions at hyperscale.
FatBrainunifies insights from SaaS applications, turbo-charged by peer andmarket dynamics:
1) Realize attainable goals fromexplainable peer performance.
2)Turbo-charge humanexpertise with superhuman AI insights.
3) Accelerategrowth through the contributory network effects.
4)Simplify harnessing data across common apps and marketsignals.
This post contains sponsored advertisingcontent. This content is for informational purposes only and is notintended to be investing advice.
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