Technology Advancements for Small Businesses: AI Assists in Financial Management

NNicholas September 10, 2023 2:46 PM

A number of tech companies, including Intuit, Zoom, Google, and WhatsApp, have introduced new features and tools designed to aid small businesses. Leveraging artificial intelligence (AI), these advancements aim to streamline financial management, improve virtual meetings, enhance cross-platform communication, and generate video content.

Intuit introduces AI-based financial assistant

Intuit's latest offering, Intuit Assist, is an intelligent financial assistant powered by artificial intelligence. It's designed to help small businesses and individuals with financial management by providing clear, precise answers to their financial queries. However, it's just the first step for Intuit. While their current AI strategy may not address all of the unique issues small businesses face, the company plans to enhance and refine their AI offerings over the coming years. And as a small business owner, you can look forward to getting better and more accurate financial insights thanks to AI.

Zoom's 'Notes' improves real-time collaboration

Ever had to toggle between different apps during a virtual meeting? Zoom aims to make that a thing of the past with their new feature, 'Notes'. This tool lets you create and edit documents directly during your meetings, making the entire process much more efficient. You can even work on this shared workspace before, during, and after meetings, and share any new content later. This feature also supports group edits and additions during a meeting, making collaboration easier. The goal is clear: to stay competitive in the ever-evolving market of online meetings.

In an era of countless communication apps, it's great news that Google Chat is now playing nice with Slack and Microsoft Teams. This new compatibility is a result of collaboration between Google and IT company Mio, aiming to achieve seamless communication across these platforms. The goal is to avoid any potential mishaps that can result from poor interoperability, like lost messages or the need to monitor multiple platforms simultaneously. So, if your business is using Slack, Teams, and Google Workspace, this integration could provide the functionality you've been missing.

WhatsApp is stepping up its game with the launch of a new Mac app. This app supports group calls of up to 32 people and video calls for up to 8 people, matching the functionality of WhatsApp on the iPhone. The users can join ongoing calls, access their call history, and receive notifications. This move seems to signal WhatsApp's venture into the realm of professional communication, veering into Zoom's territory. The app is already available on the website and is soon to hit the stores.

Emergence of AI-powered video generators

AI is not just changing the way we manage finances or communicate, but also how we create content. AI video generators, though in their early stages, are now available and can convert text into professional-quality video content in just a few minutes. While it might be too soon to rely on these tools for professional settings, they do hint at an exciting - and perhaps slightly daunting - future for content creation. As the technology matures, these tools have the potential to revolutionize video production.

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