Predictive Analytics:
Predictive analytics can help SMEs forecast sales, identify trends, and make informed decisions based on data. For instance, a small retailer can use predictive analytics to identify which products are likely to sell well and adjust their inventory accordingly.
Chatbots:
Chatbots can provide customer service support and improve the overall customer experience. For instance, a small e-commerce business can use a chatbot to answer frequently asked questions and provide personalized recommendations to customers.
Process Automation:
AI can automate repetitive and time-consuming tasks, such as data entry, invoicing, and payroll. This can save SMEs time and money and allow them to focus on more important tasks, such as developing new products and services.