Global Franchise – March 2020
Artificial intelligence (AI) is not the destroyer of worlds some may have feared – it’s an evolved business tool that can drive things forward faster and smarter
“There’s going to be ‘AI haves’ and ‘AI have-nots’, and if you are an ‘AI have-not’, then you might as well just rip out all the computers in your office and throw away your phones because that’s how impactful it will be,” said Shark Tank investor, Mark Cuban, at the world’s most influential consumer technology conference, CES 2020, in Las Vegas this year.
This isn’t just talk. The serial entrepreneur and billionaire is putting his money where his mouth is, betting big on artificial intelligence (AI) and investing in businesses that leverage it to innovate and create meaningful impact. For instance, he has invested in health tech startups such as Eon Health and Genetesis, both of which utilize AI technology.
So if you don’t want to risk becoming “a dinosaur very quickly”, here’s why artificial intelligence should be on your radar even if you are a small- or medium-sized franchisor.