Chapter 2: I am an AI model
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Unit 1 - Starting from scratch6 Topics|2 Quizzes
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1.1 Recognizing Opportunities for Your Business
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1.2 Driving Factors and Strategic Considerations for AI Adoption in SMEs
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Activity: “Glossary”
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1.3 Powering Business Efficiency with AI LLM Tools
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1.4 Types of Contracts for Adopting AI Software and Services
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1.5 Establishing Internal Policies for Responsible LLM Use
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1.1 Recognizing Opportunities for Your Business
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Unit 2 - Develop a personalised AI strategy for your business4 Topics|3 Quizzes
Quizzes
2.2 How to use AI to get information
AI can simplify and speed up the process of gathering, summarising, and organising information in small businesses. Instead of spending hours reading emails, analysing sales trends, or manually consolidating reports, AI-powered tools can quickly extract and present relevant data. Many of these tools are built into commonly used applications and require little to no technical expertise, making them accessible for small businesses with limited resources. However, some advanced analytics platforms may require additional training or experience. Here are some practical examples of how AI can assist in everyday business tasks:
Summarising emails and documents efficiently
Small business owners often receive long emails, proposals, or reports that take time to process. AI can extract key points, saving time and improving response speed. Most email and document management systems have AI features integrated, requiring minimal effort to use.
Examples:
- Microsoft Outlook AI / Gmail AI → Suggests email responses and summarises long email threads automatically.
- Notion AI → Summarises meeting notes or lengthy reports into key takeaways.
- ChatGPT / Claude AI → Extracts action points from a business proposal or a legal contract.
Extracting key insights from large text collections
Businesses handle multiple sources of text-based data, such as customer reviews, survey responses, or social media feedback. AI can scan through these and identify common themes or issues. Most of these tools are easy to use and require only basic input.
Examples:
- Google Reviews Analysis (via ChatGPT or Claude AI) → Summarises positive and negative trends from customer feedback.
- MonkeyLearn AI → Automatically categorises survey responses based on sentiment (some setup required for optimal use).
- Meta Business Suite AI → Highlights the best-performing social media content and customer interactions.
Consolidating data from multiple documents
If important business information is scattered across different files, AI tools can merge and structure it into a single, coherent report. While spreadsheet-based AI tools are user-friendly, advanced analytics platforms like Power BI may require some learning.
Examples:
- Microsoft Excel AI / Google Sheets AI → Automatically compiles data from multiple spreadsheets and detects patterns (easy to use for basic tasks).
- Power BI / Tableau AI → Creates visual reports from raw data across different sources (requires some knowledge of data visualisation).
- Zapier AI → Connects multiple apps to gather data in real-time and automate reporting (setup required but minimal ongoing effort).
Monitoring market trends and competitor activities
Keeping track of industry trends and competitors can be time-consuming. AI can automate this process and deliver insights in real-time. Most market analysis tools provide straightforward interfaces, but may require time to interpret the insights effectively.
Examples:
- Google Trends → Identifies rising search trends in your industry (easy to use, no setup required).
- SimilarWeb → Analyses competitor websites and online performance (requires basic understanding of analytics).
Predicting future sales and demand
AI can analyse past performance and external factors to forecast upcoming trends, helping businesses make informed decisions about stock and resources. Some predictive analytics tools are user-friendly, while others require familiarity with data processing.
Examples:
- Zoho Inventory AI → Predicts which products will be in demand based on previous sales trends (easy to use with existing sales data).
- Google AI Forecasting → Suggests the best stock levels by analysing historical data (requires some knowledge of forecasting tools).
- IBM Watson Analytics → Helps identify seasonal sales patterns (more advanced, best for businesses comfortable with data science tools).
Instead of spending hours manually searching for data, AI allows small businesses to extract, summarise, and organise information efficiently. Many of these tools are built into widely used office software and require no special skills. However, more advanced analytics platforms may need additional training or experience. The key is to start with simple AI features embedded in everyday tools and gradually explore more advanced options as needed. AI can automate your most time-consuming tasks, helping you focus on growing your business.