According to the survey, 44% of executives said they expect AI capabilities will lead to fewer jobs in the future. 66% of small business owners said they would try generative AI at work next year. Survey data shows that 60 percent of small business owners believe AI will dramatically change their business within the next five years.
Updated June 9, 2023 | 2:34 PM IST
According to the survey, 44 percent of small business owners expect to lose jobs due to AI capabilities.
Photo: ET Now Digital
“There has been a recent surge in fears about AI, with workers in certain industries expressing concern that their jobs will be displaced,” said Mara Leaf, chief data officer at Freshbooks. To tell. Leaf added that in the small business world, executives are “wide open to the possibility of using AI as a support to scale.”
Interestingly, most small business owners are less confident that AI will come to their jobs. A whopping 66 percent of survey respondents disagreed that AI will replace humans.
big changes are coming
Survey data shows that 60 percent of small business owners believe AI will dramatically change their business within the next five years. “They expect AI to play an important role in the coming years, with owners identifying business analytics, sales & marketing, and customer communications as the areas most impacted,” the report said. ing.
Small Business: Harnessing AI
Most of the current generative AI adopters say they employ AI for text generation. Many also apply it to creating images and conducting general business research. Regarding the use of AI-generated content, most respondents said that they put content on their company’s website and social media platforms.
technology concerns
A whopping 80% of respondents said they were concerned about privacy, ethical and intellectual property issues related to AI.
