A Startup Raises $11 Million Using Zoom, A Ransomware Maker Gives Money To Charity…And Other Small Business Tech News

“Small businesses are shifting to e-commerce and social media.

A recent survey conducted by Chase Ink asked small businesses to share the changes they have had to make in order to handle the obstacles brought on by COVID-19. 64% of participants said that the changes made in 2020 will continue into next year. The majority of changes made centered around businesses moving to digital processes and 35% of small businesses believe that the obstacles brought on by the coronavirus would have resulted in permanent closures had they not moved business online. 48% of participants said that their use of social media has become vital in their surviving the pandemic. (Source: WWD)”


Announcing Amazon Accelerate, a new virtual conference for our small business partners

“The free three-day event, taking place September 1-3, will feature Amazon executives, current sellers, and independent online selling experts who will share their insights and ideas for how small businesses can thrive on Amazon, including navigating a strong finish to 2020 and beyond.”


How Small Businesses Can Leverage AI to Battle Bigger Competitors

  • “In fact, 54 percent of executives have said that AI has already increased their business productivity. Charlie Burgoyne, founder and CEO of Valkyrie, an Austin-based AI-consulting firm, believes that the technology is particularly critical for up-and-coming startups to help reduce burdensome operations.
  • A recent MIT Technology Review Insights survey of more than 1,000 business leaders discovered that 87 percent of respondents have begun deploying AI in their business, with most implementing various programs to improve customer service.
  • 96% of marketers agree that efforts to personalize a business transaction or experience will help to advance the customer relationship.”


Wix Review – Is Wix Good for Small Businesses and Ecommerce?

“What’s more, Wix also offers a class-leading AI website development tool called ‘Wix ADI.’ When you come to create you site, Wix will ask you a few simple questions, then give you an almost-finished website in a matter of minutes. This can save sole traders valuable hours when it comes to getting online – time is money, remember.”


6 AI Tools Entrepreneurs Can Use on a Budget

    • “According to a 2019 survey by Gartner, AI usage grew 270% over the last 4 years tripled in the last year alone.
    • As reported in the Harvard Business Review, companies using AI for sales increased their leads by more than 50%, reduced call time by over 60% and realized cost reductions between 40 to 60%.”




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