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Using AI to Power the Backbone of Communities | HorizonX Day 2
Discover how Intuit is harnessing the power of AI to empower small businesses with data-driven insights, streamlining financial management, tax preparation, and decision-making, leveling the playing field with larger companies.
- AI can help small businesses make better predictions, mitigate risk, and make good decisions.
- According to statistics, 99.9% of businesses in the US are small businesses, and they face challenges such as cash flow management, marketing, and customer retention.
- AI can help level the playing field for small businesses by providing them with the same tools as larger companies.
- Intuit is building software that uses machine learning and natural language processing to understand tax codes and help small businesses prepare their taxes.
- AI can be used to help small businesses manage their cash flow, predict when cash flow will be low, and make informed decisions about investments and marketing.
- The company is developing a system that can read and understand documents automatically, which can help small businesses manage their finances and make better decisions.
- AI can be used to automate tasks such as tax preparation, allowing small businesses to focus on other areas of their business.
- The company is also working on a system called QuickBooks Capital, which uses AI to help small businesses get credit and loans quickly and easily.
- AI can be used to help small businesses in various areas, including financial management, marketing, and customer retention.
- The company believes that AI can play a pivotal role in the evolution of small businesses worldwide, allowing them to compete with larger companies while still maintaining their personal character.
- The company is focusing on building capabilities that can be used at scale, such as machine learning and natural language processing, to help small businesses make better decisions.
- AI can be used to help small businesses reduce the pain of doing taxes, and the company is working on a system that can help with this.
- The company is also working on a system that uses AI to predict cash flow, allowing small businesses to make informed decisions about investments and marketing.