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How Small Businesses Can Leverage AI to Battle Bigger Competitors

What was once considered something only for the big screens in hollywood, AI is taking over the world in terms of marketing and how you can out rank your competition. A lot of big name companies are using AI to convert a lot of different products that we are already using. The products that these big name companies churn out, like Google, are some of the most popular products on the market today. Small companies can also benefit from using AI.

Key Takeaways:

  • AI had already blown past the billion dollar marker by 2018, capping off as an industry at $24.9 billion.
  • Moreover, pundits and trajectory watchers fully expect the AI industry to reach a $390 billion dollar worldwide watermark by 2025.
  • The field of machine learning makes use of computational statistics, which when combined with algorithms can help AI systems to improve their speeds and quality without detailed input.

“Simply put, AI either automates the execution of simple tasks or enhances our ability to perform complex tasks.”

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