Generative AI could be the next big leap for Aussie SMBs

What does it mean for small business?

A new report calls generative AI an inflection point, not unlike the arrival of the internet in the 1990s, only faster. For Australian small and medium businesses, it could be a real opportunity to lift performance in an economy where productivity has been stuck in neutral (thanks for the reminder, RBA).

But this is not just another tech trend to chase. The real edge will go to businesses that build team capability, choose smart solutions with big impact and low effort (see page 14), and protect their intellectual property from the start.

As the report puts it, Today, Gen AI is a competitive advantage. Tomorrow, it will be a requirement. If your business is not exploring this now, it is not just falling behind, it could soon be out of the race.

Source: Vistage Generative Artificial Intelligence: Automating the Knowledge Worker (Q4 2024)