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Can AI Boost Small Business Growth in Just 30 Days? · King Dems Podcast | Growth Mindset, Leadership, AI and Business Insights

• 0:00
  AI second week jobs. So I'm AII team, but you know,
• 0:05
  I'll just make the joke that I'm not coming for your jobs, only
• 0:09
  coming to assist you with your jobs.
• 0:13
  We've had the VP of Money 2020, Zach Pettit, that's VP Global
• 0:19
  Fintech strategy. He's a very big enthusiast of AI
• 0:23
  and you know, I'm Money 2020. I think those last year, yeah, I
• 0:28
  think the one in Amsterdam, they had the one in Las Vegas in
• 0:32
  October. So they said AI is not coming
• 0:36
  for your jobs, right? Your job is going to be taken by
• 0:38
  that person that knows how to use AI.
• 0:40
  But I'm going to put you on the spot here.
• 0:42
  Do you believe AI will create more jobs or replace them in the
• 0:46
  industries that you serve? See the technology always going
• 0:50
  to remove some of the people from the employment.
• 0:54
  It is definitely yes, because when when there was a time we
• 0:58
  have to send everything manually or do everything manually, there
• 1:02
  were a lot of the people who are working.
• 1:04
  And when e-mail came, it's reduced the numbers.
• 1:09
  And when, when telephone came, when mobile phone came from
• 1:12
  telephone because to be used to physically connect one
• 1:15
  connection to another connection.
• 1:16
  So when the mobile came, the technology always it's going to
• 1:21
  revolve by its own, the human, the people who want to survive.
• 1:27
  They're going to learn every single new technology.
• 1:31
  It's end of the day. And some people, of course, yes,
• 1:34
  some people will lose the jobs. There is no thought about it
• 1:40
  because I used to have an an secretary, she writes most of my
• 1:47
  things which I required. But now I have AAI assistant.
• 1:53
  Before I even read the e-mail, it's already prepared a reply
• 1:57
  for me. And you know, it's, it's what
• 2:00
  are the e-mail I get it's, it's already prepares my e-mail
• 2:03
  reply. And all I need to do it is I
• 2:05
  need to, it doesn't mean that I can send that blindly.
• 2:09
  I have to read it and still it's going to as a human, we need to
• 2:13
  do what we need to do. And I have to do the
• 2:15
  modification according to the requirement and then I send the
• 2:19
  stuff. But of course I don't need to
• 2:21
  think right now. I can be more efficient and
• 2:27
  that's how it's going to happen in the construction industry.
• 2:30
  Some of the colours choosing or sometimes there is a there is a
• 2:33
  image scanner which came in the stone industry, the slab it
• 2:38
  scans the slab and exactly tell the colour what is the actual
• 2:42
  colour is there in that particular material which human
• 2:45
  can't do it yeah. So the technology always going
• 2:48
  to play the major role. It gives the best that's the
• 2:51
  purpose of the technology. And it's our responsible that we
• 2:55
  need to make sure that we are using the technology and we
• 2:59
  using that As for a growth purpose.
• 3:01
  And we also learn about the technology we need to learn.
• 3:04
  Because if I say, you know how, how the Nokia said, you know,
• 3:08
  they're not going to evolve themselves for the touchscreen.
• 3:11
  When, when the when, when a company gave an opportunity to
• 3:16
  update the technology, they said no, they're not going to.
• 3:19
  If they're not going to update, then they're not going to be in
• 3:22
  the industry. Now the Nokia No one.
• 3:26
  Wow. You understood what I mean.
• 3:29
  Man, Nokia, I remember the days of using Nokia, it was crazy.
• 3:33
  We had really strong phones. We really strong battery life.
• 3:36
  Yeah, Remember Nokia 3310? Very, very strong phone.
• 3:42
  Even BlackBerry as well, you know, crazy.
• 3:44
  Yes, David Fisher evolved as well.
• 3:45
  So yeah. Yeah, yeah.
• 3:47
  If you don't evolve, you would you would die.
• 3:49
  You fear the way. Exactly.
• 3:51
  Exactly. So like how do you think a small
• 3:54
  businesses should approach AI when they feel?
• 3:58
  Overwhelmed see it's every business have the opportunity to
• 4:02
  grow. You know there is always there
• 4:04
  is a room to grow always there is a room to grow.
• 4:06
  You hire a person right? It's it's not see nowadays you
• 4:11
  no need to hire somebody for a full time for anything.
• 4:14
  You have a lot of a freelancers recent days and you have a lot
• 4:19
  of the people to do what we require to do it now, because
• 4:21
  it's not like in in those days, you need to wait for a one
• 4:26
  person to come and fix that issue.
• 4:28
  No, it's no more if you're not there.
• 4:32
  If that person is not there, you have another person, you have
• 4:35
  another person, you have another person.
• 4:37
  It's a very competitive world. That's how the small business
• 4:40
  are required. They just need to find the
• 4:42
  opportunity and, and do if they, if they're required that they
• 4:47
  need to hire somebody to modify the system, they have to hire
• 4:51
  because they no need to hire for a full time.
• 4:53
  They can hire for three months or six months or 12 months.
• 4:56
  And they can put the system in place and, and just doing it, It
• 5:02
  is, it is as a small company, as a small business, it is your
• 5:06
  responsible to do. What do you require to do with
• 5:08
  you if you think you want to, to serve more, to make a business
• 5:13
  better and you have to do it, You can't say Oh no, even if I'm
• 5:18
  not going to do it, still I'm going to going to get my
• 5:20
  customers. No, it's not going to happen,
• 5:22
  No.