AI is having its “peak hype” moment, but beneath the noise there is a very practical question most New Zealand business owners are asking: Will this actually help my business run better, or is it just another shiny tech distraction?
Most of the AI conversation right now is about what the technology will eventually do for everyone. Not much of it covers what you should actually start doing, this week, to make sure your business can use any of it. Let’s change that.
A recent survey released by payments provider Pin Payments, has revealed the state of play for New Zealand business owners and artificial intelligence. July 16th marked the global day of recognition for Artificial Intelligence to celebrate its positive impact on society and technology, whilst also shining a light on the ethical concerns surrounding AI. The results of the New Zealand survey provided an interesting insight into small business sentiments surrounding AI, with just 7.3 percent of business owners seeing AI as a threat, and most viewing it as a revolutionary tool that will change business for the better. Pin Payments’ Co-CEO Chris Dahl said the results gave the business a greater understanding of NZ small business attitudes towards AI. “In
In workplaces AI can be a game-changer for boosting productivity and efficiency, lowering costs and developing new products and services. While a degree of uncertainty lingers around this transformational technology, its potential for improving lives and businesses is undeniable. Artificial Intelligence is like electricity. Just as electricity transformed every major industry a century ago, AI is now poised to do the same. So says Andrew Ng, founder of Google Brain and former VP of Baidu. It’s hard not to agree with Ng’s statement. The evidence is mounting. Artificial intelligence is indeed a game-changer. It’s shaping up to be one of the most significant technological developments of the 21st century. Many experts would agree too, and countless experts have had their
The impact of artificial intelligence on Kiwi businesses is becoming increasingly evident. Oscar Collins explains how business owners are already using it to their advantage. In New Zealand both small and large businesses throughout the country have started using AI to scale their operations and optimize everyday tasks. Through the use of collaborative tools, recruitment solutions, CRM software and more, business owners are reaching their goals and expanding into international markets. Here’re some of the ways they are doing it. 1. Employee Monitoring Software AI plays a critical role in monitoring employees, which is a more challenging task than ever now that remote work is a permanent fixture in the modern workplace. AI can help you supervise home-based workers from
New Zealand employment law firm BuckettLaw believes current regulations cannot control artificial intelligence. Each year the Privacy Commissioner hosts privacy week and last week the theme was privacy rights in the digital age. A theme that highlights the massive gap between the advancement of technology and the lack of change in privacy law. The Privacy Act 2020 is now nearly three years old, which may seem new. However, if you look at all the new introductions in technology over the past three years, the Privacy Act doesn’t come close to protecting an individual’s privacy. Michael Webster, the Privacy Commissioner stated, “that further legislative changes are needed to ensure New Zealand’s privacy law is fit for purpose in the digital age.” The
In today’s fast-paced business landscape, staying ahead of the competition requires effective leadership and cutting-edge technologies. One such technology that has transitioned from an emerging trend to a core element of daily operations is business automation. Its impact is indelible, with almost 90% of ANZ organisations already using at least one form of business automation. And it’s only ramping up. A new report by Kyocera Document Solutions AU & NZ sheds light on the growing role business automation (BA) is playing in the workplace. Based on a quantitative survey of 275 Australian and New Zealand professionals, the report delves into the current and future role of BA in a range of industries. This comes as the growing uptake of automation
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Everyone talks about the importance of business strategy, but what does it actually mean in practice? Strategy trainer Ryan Sproull cuts through the jargon to give SME owners a clear, practical framework for thinking strategically about their business.
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