Our world is changing. Digital has taken over the physical, and businesses are readily adapting. Seventy-seven percent of businesses in America reported using or exploring artificial intelligence; about 45% of them have already adapted AI through automation tools and systems. It has helped not only by reducing costs through efficiency but also in improving business operations.
Around 54% of organizations reported cost savings and increased efficiency after AI implementation in IT, business, and network processes; 48% also reported an improvement in customer experience with their business after AI tools.
Artificial intelligence helps you fulfill tasks at an unreal pace; it takes your mind away from redundant/repetitive tasks and lets you concentrate on what’s more important. The AI tools library is never-ending; you have multiple options to fulfill any of your needs, and the applications are largely affordable.
Another important change that I observed in the work dynamic was acceptance towards freelancing. Hiring people off the payroll for different tasks is the new normal. An Upwork statistic showed that 40% of the global workforce is expected to go freelance by 2030, meaning everyone gets to work how they like and at a schedule that fits them best.
Freelancing platforms let you connect with the best talents around the world and get high-quality work done at an average 30% lower cost. Glassdoor reported that 53% of Americans would rather prioritize free time over higher pay, and freelancing lets them do it. It helps businesses cut costs, creating a win-win situation.
In addition to AI and flourishing freelance landscape, the integration of new tech software and automation drives businesses into an era of unparalleled efficiency. This convergence of technological innovations represents a vital moment for entrepreneurs to leverage the power of automation and elevate their businesses to new heights.
The continuous advancements in automation technologies present an opportunity for businesses to optimize processes, reduce manual efforts, and stay at the forefront of a rapidly evolving business environment.
For entrepreneurs the changing business landscape sets the tone to escape from the hectic business life and get more time for ourselves without compromising on our business’s growth. In the next section, I’ll take you through a few success stories of entrepreneurs who have made such shifts and the lessons we learnt.
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