Venture Capitalist and Entrepreneur Ron Bauer Teaches Founders the A to Z of Scaling Ventures 

NY Weekly Staff on September 19, 2022

Given the complexities of today’s entrepreneurial realm, success is not always guaranteed, regardless of how promising one’s startup is. Having navigated the waters of the business world himself, venture capitalist Ron Bauer is highly aware of the harsh realities behind starting and scaling a venture. This awareness stands at the core of his all-out efforts to teach founders the nitty-gritty of transforming seedlings of a company into lucrative power players. Armed with over two decades of experience, he currently leads Theseus Capital in propelling startups to great heights. 

An accomplished serial entrepreneur, business mentor, and author, Ron is the co-founder of Turkana Energy. The oil and gas company, which merged with Africa Oil in 2009, hit a peak market value of over 3 billion CAD and is now operated by the French oil powerhouse Total in partnership with Tullow and Africa Oil. 

Apart from serving as one of the minds at the helm of Turkana Energy, Ron is also acclaimed for his bold moves within the sectors of life sciences, technology, EdTech, and natural resources. The well-respected figure has created a number of exciting ventures alongside some of the world’s leading entrepreneurs and scientists, as well as world-class academic institutions. He has also invested in many biotech, tech, and natural resources companies, believing in their potential to rise through the ranks and make a difference. 

Recently, Ron has backed a couple of budding game changers, including 180 Life Sciences, Pasithea Therapeutics, Stran & Co, Genflow Biosciences, Hemogenyx Pharmaceuticals, and Cognetivity Neurosciences. But, of course, his financial support to these companies is nothing new, as he has previously helped take public dozens of companies across the globe that have billions of dollars between them. 

Currently, Ron is teaching founders and entrepreneurs how to start a business, raise money, and go public, bringing an in-depth understanding of the commercial space and talent at spotting potential unicorns and strong early-stage growth stories. At Theseus Capital, the University of Cambridge MBA degree holder leads a dedicated team working with founders who want to drive positive change through their innovations in the fields of life sciences, technology, fintech, direct-to-consumer, oil and gas, and more. 

Since its launch, Theseus Capital has offered hands-on, one-on-one mentorship and guidance to a select few founders, as well as exclusive boot camps for earlier-stage startup founders looking to establish or scale up their businesses. Known for its reputable standing and widely trusted across multiple sectors, it banks on a unique formula that has been tried and tested for over 20 years – one that has made it possible for the several founders and entrepreneurs under its wing to gain traction in their respective industries.

From the get-go, Ron Bauer has operated under the overarching mission to translate into reality the vision of a better future, which is why Theseus Capital was born. In the years to come, he aims to lend a hand to more founders and accelerate their startups as he aims for that future to come to fruition. 

JJ Carter hopes to transform celebrities’ publicity with an 8-Figure Empire, Gldn Design. 

NY Weekly Staff on September 19, 2022

Today around seven-in-ten Americans use social media to connect with one another, engage with news content, share information and entertain themselves. In 2019 alone, Social Network Advertising revenue in the United States amounted to 36.14 billion U.S. dollars. Meaning that most businesses and influencers are using their phone or computer on social media to leverage their revenue and audience completely.

This reality has caused most of the world’s population to migrate onto the platforms we all scroll through endlessly on a daily basis. It has also caused a complete change in reaction for aspiring influencers and entrepreneurs when building their dreams into reality.

“If you don’t have a following or influence online, are you even taken seriously in this world?” says JJ Carter, who spent 5 years learning the ins and outs of building and marketing businesses online before focusing on developing one of the best rated Social Media and Public Relations Agencies today.  “In fact, it used to be running up to people with a business idea over and over until you land someone interested. Now it’s a DM that gets shut down if you’re not verified or have a K or M after your followers.”

JJ Carter admits that for some people Social Media should be the least of their focus. For certain people, however, it seems almost insane that they wouldn’t be doing everything they possibly can, spending every hour of their day, and investing as much money as humanly possible into their online presence. After all, JJ has never gone to college, and his partners, Mikey Fenton and David Dzierzega are both dropouts, yet they all sit on top of a multi million dollar Social Media Agency.

“When graduating highschool, I thought about starting my own Company that will provide me all the networks and relationships needed to become invincible on my entrepreneurial journey.” Says JJ. “And that’s exactly what I did, and thus Gldn Design was born.”

With little to no success selling highly competitive services like Digital Advertising or Web Development, JJ started to think of ways he can expand with services that are undeniably worth it. But he also anticipated how much of a workload it would be. “I’ve been on my computer doing whatever to make whatever since I was 12.” Says JJ. “I had a lot of friends in the space and gave Mikey and David a call to help build and brainstorm the idea.”

JJ and his partners, Mikey and David started writing for and publishing High-Tier articles for over 200+ Press Publications. Selling this kind of service was a piece of cake to them, while maintaining their confidence on such a good product. “There’s not a second that goes by  where I think we should raise the prices on our partnerships. Not being biased, but we truly over deliver on all of the resources you need to transform your online presence and blow your competition out of the water.” Says JJ. Press is just the forefront of what’s offered at Gldn Design.

Through building so many networks and connections at over 200 news outlets, and working with High-End celebrities, they were able to provide additional services like Organic Social Media Growth. Gldn Design is able to accomplish this by leveraging their networks into new or “smaller”clients and capitalize on different forms of influencer marketing to grow their partners by millions of followers.

With Social Media Growth and Public Relations on their side, It’s hard to go to anyone else for a partnership in your digital realm. But that’s not where Gldn Design stops as far as online services go. 

“We do whatever we think will make the client happy and achieve them the results they want and then some.” Says JJ. “Our main services people come up to us for are to blow up their following, Google presence, and get a blue check. However, we like to treat everyone that works with us as a direct partner, so if an Influencer wanted to design and promote a merch project, we’re their guy”

Gldn Design has been around for years.  After speaking with JJ and his team, it’s clear they’re more than credible in their industry. If you’re looking for a team that will provide you with every resource you need in the Highest of Quality, It wouldn’t hurt to reach out to anyone at Gldn. Social Media has proven time and time again that it is the future of our Society and when it comes to building a business or personal brand in 2022, you need to take everything about it as seriously as possible. 

“It’s called the Gldn Touch, I never heard of anyone regretting working with us. Sometimes I have to tell clients to stop spending money with me so they can invest into other forms of their business.” Says JJ. “Once you start to grow, it’s hard to stop.”

Presdon Luczek of One Sotheby’s is Reshaping the Luxury Home Buying Process

NY Weekly Staff on September 19, 2022

Real estate entrepreneur Presdon Luczek is re-inventing the definition of what it means to deliver a white glove real estate experience. Presdon is pioneering a new state-of-the-art presentation system to inform homebuyers in South Florida of local market conditions and how the houses they’re looking at stand out.

Presdon, the Executive Director of Luxury Sales in the Sports and Entertainment Division of One Sotheby’s International Realty, reverse-engineered this system after years of working to identify the critical listing features that trigger prospective buyers to move forward with purchases.

Relentless in his pursuit of excellence, Presdon’s cutting-edge approach touches everything from floor plan conceptualizations to local market flyovers on 3D maps to showcase the positioning of properties. In the case of the floor plan design, Presdon recognized that he had to take matters into his own hands to improve the industry standard, which required multiple vendors and often burdened the consumer with unexpected costs and hassle. Brokers were stuck with limited floor plans, one-dimensional graphics, outdated virtual tours, and a lack of helpful information about the amenities and features. Presdon has re-engineered the antiquated process using new technology to make the process simple and more timely: his clients receive high-quality plans for less money in a shorter time – taking just two days instead of weeks.

He applied a similar approach to the graphic renderings of the properties he represents. Rather than rely on their pre-existing imagery, as most real-estate brokers do, Presdon built his world-class team of creatives to re-shoot each of his properties and graphically edit them for his folio. As a result, when prospective clients peruse his properties online, they see the homes Presdon represents in their full contemporary splendor.

“The best information drives the sale,” said Presdon. “I believe the client deserves the highest quality and most accurate information to make critical decisions about their home. The caliber in which the information is presented and its reliability is also of utmost importance.”

Video and interactive content also play a massive role in Presdon’s approach. Through strategic social media marketing and video promotions, clients can personally interact with their homes during quality house tours. With his vision to unite the glamour of celebrity with the zest of real estate, Presdon partnered with Matt Alonzo, a famed director of music videos for celebrities including Justin Bieber and Drake, to create Hollywood-style productions featuring the properties he represents. Together, they brought new-age, high-energy media to the market, elevating listing videos with actors and state-of-the-art editing that attracts viewers and optimizes listing exposure.

His approach to streamlining and upgrading the way prospective buyers make decisions on new home purchases has paid off astonishingly. In the case of his home markets, Palm Beach and Boca Raton, Presdon has cultivated a network of trusted celebrities, influencers, and high-net-worth clientele and posted a long list of achievements, including two recent record-breaking sales in Boca Raton.

In the first land acquisition deal at 1120 Spanish River Road, he sold the property to a developer for $1.3 million, the highest square foot price in the neighborhood. Presdon is now working with the buyer to develop that lot into a property worth $7 million. He also sold 759 NE72nd St in Boca Raton, a dry lot for $1.1 million, the most expensive sale in the neighborhood at the time.

This experience, indeed a novel one in the real estate market, could mean more than just Presdon’s and One Sotheby’s success. It represents a significant leap in the evolution of the real-estate acquisition process for discerning home buyers. Moreover, it will likely set a precedent for the gold standard in how brokers list and market luxury properties in the coming years.

What you Need to Consider while Choosing the Best Mutual Funds in 2022

NY Weekly Staff on September 19, 2022

Mutual funds are considered one of the most preferred investment options as they offer attractive returns and a diversified portfolio. However, one should remember that each of the many available schemes has its advantages and disadvantages, which one should be aware of as each scheme is different and unsuitable for every investor. One should choose a mutual fund scheme according to his investment objective and risk appetite, among other factors.

Many schemes are available in the market, but one should choose the best mutual funds to invest widely after thoroughly studying the markets. Here are some factors investors should consider while considering the best mutual funds that would give them the desired results.

1.Investment Objective & Time Horizon

This refers to an investor’s financial goal, which they want to accomplish with their investment. The investment objective can be short-term or long-term, for buying a property or a vehicle or even children’s marriage, retirement etc. On the other hand, time horizon refers to when the investor wants to park his money in a mutual fund scheme. It can be for a short period of one day or as long as five years. Different fund categories work best for different time horizons.

2. Performance Against Category

Another factor that plays an important role in assessing a mutual fund scheme is its performance compared to its similar category. This helps in getting an overview of the fund’s performance. However, the comparison should be made only among similar mutual fund schemes, as a small-cap mutual fund should be compared with other small-cap funds and not against other mid-cap or large-cap funds.

3. Past Performance

The best mutual funds can generate better than benchmark returns over time. Choosing funds that have consistent results over volatile market conditions can give stable results even in the future.

4.Fund Manager’s Track Record

Selecting a mutual fund with a good fund manager backing it is extremely important. One should look at the fund manager’s records and experience and the performance of funds managed by him/her to date before choosing the right mutual fund.

Clutch Recognizes Heyday Marketing Among Miami’s Top B2B Providers for 2022

NY Weekly Staff on September 19, 2022

Got a web design idea? Make it a reality with a dedicated partner! At Heyday Marketing, we aim to help passionate business owners stay ahead of the competition. We don’t just look to the future; we help you create it. As digital explorers, we recognize that the marketing landscape is rapidly changing. You can count on us to help you stay light years ahead of your competitors.

One of the reasons for our success is the trust of our beloved clients. It’s because of them that we celebrate a special recognition today. Clutch officially highlighted our team in their highly anticipated Leaders Awards for the United States. The platform’s research says that Heyday Marketing is among Miami’s highest-ranking medical web designers!

“Thank you to all of our valued customers for trusting us and to our Heyday Team for the passion and effort they put forth daily at work.” – Eduardo Moya  – Director

Clutch is a B2B ratings and reviews site designed to publish reliable content from IT, marketing, and business services providers. The website annually evaluates numerous companies to determine the leaders from their respective industries. The process considers several variables, including client reviews, case studies, brand reputation, and the range of services offered.

This is big news for us! Knowing that our clients’ incredible support helped us earn this award makes it even more precious. Thank you so much to everyone who believed in Heyday Marketing. Working as your trusted partner through whatever highs and lows have been an enormous privilege. Here’s what they have to say about working with us.

“Many marketing companies can deliver very nice front-end pages with no back-end or integration, and Heyday was able to deliver both.” – Mark Jelincic, Director, MB Dealer Financial


When you work with us, we’ll implement marketing strategies that will give you an unfair competitive advantage and ultimately bring your brand to its Heyday. Get in touch with us, and we’ll get back to you shortly.

Micheal Omeka on the Power of Happiness to Help People Succeed

NY Weekly Staff on September 19, 2022

Most people solely attribute their success to sheer hard work. Some put a premium on passion, while others consider having social connections as one’s primary tool for achieving success. However, most individuals are missing the power that happiness carries in one’s pursuit of victory. When we are happy, we perform significantly better, live better, gauge reality better, and overcome setbacks much more effectively. As someone who holds the same belief, Micheal Omeka uses the power of happiness to serve as people’s launching pad towards greatness.

“The world is a better place when we are better,” shared the emerging powerhouse.

Micheal Omeka is an Inspirational Speaker, Coach, and founder of MikeOmeka Consulting. He is an authority who is widely acclaimed for his passion for helping others and his unparalleled ability to carve success-enabling paths for hopefuls from all walks of life. On a mission to become an instrument of transformation, Micheal lends his expertise to take people to greater heights. 

From the get-go, Micheal Omeka has always had an incredible zeal for helping others. This was rooted in his humble beginnings, being a young dreamer with nothing to his name. Undaunted by the misfortunes surrounding him at a young age, Micheal continued to persevere by working as a houseboy and sometimes in construction during middle school and relying on strangers to pay his high school tuition fees at School for the Gifted. Life was difficult, but he smoothly transformed his tragedies into triumphs-the true definition of Alchemy is the transformation of the self, he shares. Years down the road, he managed to gain a foothold across various industries with grace and finesse.

“If there is truth to the saying that experience is the greatest teacher, then I believe I am the best learner. With everything I have been through, I’m super grateful to be here doing what I love – and helping others too,” shared Micheal.

When asked about his greatest motivation to succeed, Micheal Omeka shared that his happy, enthusiastic and optimistic disposition were some of the most effective launching pads he had from the get-go. We greatly underestimate how powerful we are when we are genuinely happy and lost in the service of others. Through these waves of contentment, Micheal has managed to create significant strides of his own-rising from some of the poorest regions of the world to receiving the highly coveted MasterCard Foundation Scholarship at Cal. Our dreams are much more likely to come true if we find joy and happiness in the process of chasing them. This unyielding zeal to help others propelled him so much so that he decided to run a consulting firm that put his vision of a better world into action. Life is to be enjoyed, not endured. 

Currently, Micheal Omeka is the man behind MikeOmeka Consulting. It is primarily an agency that assists people in finding true happiness that fuels their personal growth and success, becoming aligned with their purpose in life while unlocking their full potential. “I want people to understand that happiness is within reach, and it’s, in fact, independent of external factors,” shared Micheal. “There’s an immense benefit when we accept full responsibility for our own happiness and become active participants in our lives rather than passively going through the motions. A happier state of being improves our mental and physical health, ensures a more robust immune system that’s resistant to infections, increases our productivity and flow, and expands our capacities to become better contributors to society,’ he added.

As Micheal Omeka continues to take the reins of his promising enterprise, this self-starter aims to expand his horizons and help more people in the years to come. By capitalizing on the power of happiness, he plans to journey with countless aspiring hopefuls in their bid for success, fulfillment, and transformation.

How Terence Ang’s book, “A Cry in the Dark”, Is Helping Stroke Survivors Worldwide

NY Weekly Staff on September 19, 2022

A stroke can be devastating to your health and well-being, but one stroke survivor’s book has shown that there is hope after experiencing the worst day of your life. A man named Terence Ang just published his first book called ‘A Cry in the Dark’, which talks about his journey recovering from the stroke he suffered two years ago, how he got through and how important it was to stay positive. His story has been so inspirational that it has allowed other stroke survivors to open up about their experiences as well.

The Story Behind ‘A Cry in the Dark’

Mr. Ang suffered a major stroke and doctors were doubtful he would ever walk again. He was stuck on the same physical level for months until a chance discovery allowed him to finally break free from his immobility. His story has been shared with millions of people through his recently-published book ‘A Cry in the Dark’, which recounts his experiences during the recovery process. Next month, he will address healthcare professionals from around the world on his journey with stroke and offer personal insights into the patient experience. “ What I hope my readers take away from my book is that no matter how dire things may seem, you should never give up hope. Life can change in an instant,”says Mr. Ang.

Speaking Up For Stroke Survivors Worldwide

Terence Ang suffered a major stroke and slowly learned to speak again after many months of speech therapy. His experience will take him around the world to speak with experts on this topic. From October 26 to 29, Ang will be attending an international conference in Singapore at Suntec Singapore Convention & Exhibition Centre where he will share his thoughts on how to better deliver improvements in prevention, treatment, and care for people who have had a stroke. The global event brings together the international stroke community to discuss how to improve upon current treatments and therapies.

Playing a Part in Inspiring Positive Changes Globally

Terence Ang has always had a deep love for people and the communities he resides in. He is deeply invested in his efforts to amplify the voices of Stroke survivors and provide them with the help and resources they need to feel less alone in their recovery process. His most recent endeavor was the release of his debut self-help book titled A Cry in the Dark. The book aims to serve as an important resource for stroke victims and those around them by providing sound advice on how best to live life after a Stroke.

Book Information:

A Cry In The Dark

A Stroke Survivor’s Story of Hope and Recovery

By Terence Ang

Publisher: Focus Publishing

Published: May 25, 2022

Genre: Biographies & Memoirs, Health, Mind & Body, Nonfiction

The book can be purchased on Amazon –  https://amzn.to/3wQkSjp

The Lord of The Rings: The Rings of Power Rating

NY Weekly Staff on September 19, 2022

The Lord of the Rings Introduction

The Lord of the Rings is a trilogy of epic fantasy adventure films directed by Peter Jackson, based on J. R. R. Tolkien‘s novel of the same name. The novel, originally published in three volumes in 1954 and 1955, is a sequel to Tolkien’s 1937 fantasy novel The Hobbit, and tells the story of Bilbo Baggins’ nephew Frodo Baggins and his quest to destroy the One Ring, a powerful and dangerous magic ring that belongs to the Dark Lord Sauron.

The Lord of the Rings has been adapted into a highly successful film trilogy directed by Peter Jackson, and the novels have also inspired a popular series of video games. The novels are hugely popular with fans of fantasy literature, and continue to be widely read and studied. The films have won and been nominated for an Academy Award for Best Picture and have also been successful in the box office.

The Characters of the Lord of the Rings

The Lord of the Rings is one of the most iconic and well-loved fantasy stories of all time. At the heart of the story are the characters who inhabit the world of Middle-earth. These characters are so well-drawn and complex that they continue to fascinate readers even after the conclusion of the story.

One of the things that makes the characters in The Lord of the Rings so special is that they feel like real people. They each have their own unique personality, motivations, and flaws. This allows readers to really identify with them and feel invested in their journey.

Another aspect that makes the characters so memorable is their development over the course of the story. We see them grow and change as they face challenges and overcome obstacles. This growth is particularly evident in Frodo Baggins, who starts out as a naïve Hobbit and matures into a wise and brave leader.

The Lord of the Rings is full of unforgettable characters, each with their own distinct role to play in the story. Whether you’re rooting for Gandalf, Aragorn, or Legolas, there’s a character in this story for everyone to love.

The Rings of Power Rating

If you’re a fan of J.R.R. Tolkien’s The Lord of the Rings, then you know that the rings of power are a big deal. But which ring is the most powerful? We’ve ranked the rings of power from least to most powerful to help you decide.

The least powerful ring is the Ring of Doom, which was created by Sauron. This ring was destroyed when Frodo Baggins threw it into Mount Doom.

The next most powerful ring is the Ring of Power, also created by Sauron. This ring was used by Frodo to destroy the One Ring, and it was also destroyed in the process.

The third most powerful ring is the Ring of Adamant, which was created by Celebrimbor. This ring was used by Galadriel to defend Lothlorien from Sauron’s forces, and it is now in the possession of Elrond.

The fourth most powerful ring is the Ring of Barahir, which was created by Fëanor. This ring was given to Barahir after he saved Finrod Felagund from Morgoth, and it is now in the possession of Aragorn.

The fifth and final most powerful ring is the Ring of Power, also created by Sauron. This ring was destroyed by Galadriel when she gave it to Frodo to throw into Mount Doom.

The Characters in the Lord of the Rings

The Lord of the Rings is one of the most popular and well-known fantasy stories of all time. The story follows a group of friends as they journey through Middle-earth to destroy a powerful ring before it can be used by the evil Sauron. Along the way, the characters face many challenges and ultimately learn that even the smallest person can make a big difference.

One of the things that makes The Lord of the Rings so special are the characters. Each character is unique and has their own strengths and weaknesses. This allows readers to easily identify with at least one character, and follow their journey throughout the story.

Some of the most iconic characters in The Lord of the Rings include:

-Frodo Baggins: The main protagonist of the story, Frodo is a small hobbit who inherits a powerful ring from his uncle Bilbo. Frodo must undertake a dangerous journey to destroy the ring before Sauron can get his hands on it.

-Gandalf: A wise and powerful wizard, Gandalf acts as a mentor to Frodo and helps him on his quest. Gandalf is also responsible for recruiting the rest of the Fellowship of the Ring, which includes:

-Aragorn: A skilled ranger, Aragorn is one of the strongest members of the Fellowship. He is in love with Arwen, the daughter of Elrond, and must choose between his love for her and his duty to protect Middle-earth.

-Legolas: An elf from Mirkwood, Legolas is an expert archer and swordsman. He forms a strong bond with Gimli, a dwarf from the Lonely Mountain, and together they become known as the “ Twins of Doom”.

-Gimli: As mentioned above, Gimli is a dwarf from the Lonely Mountain. He is fiercely loyal to his friends and is an expert axe-wielder.

-Boromir: The son of Denethor, Steward of Gondor, Boromir is a brave and skilled warrior. However, he is tempted by the power of the Ring and ultimately betrays the Fellowship.
-Samwise Gamgee: Frodo’s gardener and best friend, Samwise accompanies Frodo on his quest and proves to be a true friend. He is also an expert cook, which comes in handy during their journey.

–Meriadoc “Merry” Brandybuck: A cousin of Frodo, Merry joins the Fellowship at Gandalf’s request. He is cheerful and optimistic, even in the darkest of times.

-Peregrin “Pippin” Took: Another cousin of Frodo, Pippin joins the Fellowship alongside Merry. He is known for his impulsive nature and often acts without thinking.

-Sauron: The main antagonist of the story, Sauron is a powerful and evil being who wants to rule over all of Middle-earth. He created the One Ring, which gives him the ability to control those who wear it.

-Gollum: Once a Hobbit named Smeagol, Gollum was corrupted by the power of the Ring and became a twisted creature. He is obsessed with finding the Ring and will do anything to get it back.

The Locations in the Lord of the Rings

The Lord of the Rings is set in a world of wonder, and the locations are no different. From the Shire to Mordor, there are so many amazing places to explore in this story. Here are just a few of the incredible locations featured in the Lord of the Rings:

The Shire: This is the home of the Hobbits, and it’s a peaceful and idyllic place. It’s full of green fields and cozy homes, and it’s where the adventure begins.

Mordor: The dark and evil land of Mordor is where Sauron resides. It’s a barren and desolate place, and it’s the final destination for Frodo and his companions.

Gondor: Gondor is a great kingdom that’s full of brave warriors. It’s also where Aragorn comes from, and it’s one of the main forces fighting against Sauron.

Rohan: Rohan is another kingdom that plays a major role in the story. It’s home to the Riders of Rohan, who are some of the most skilled horsemen in all of Middle-earth.

These are just a few of the wonderful locations featured in the Lord of the Rings.

Themes in the Lord of the Rings

The Lord of the Rings is a classic story that has been told and retold many times. It is a story of good versus evil, of friendship and betrayal, and of love and loss. These themes are universal, and they are what make the story so timeless.

There are many other themes at work in the Lord of the Rings, however. The story is also a commentary on power, both political and personal. It is a story of war, and of the toll that war takes on those who fight it. It is a story of redemption, and of hope in the face of despair.

These are just some of the themes that you will find in the Lord of the Rings. As you read the story, keep an eye out for them. They will add depth to your understanding of the tale, and make you appreciate it even more.

Conclusion

The Lord of the Rings is an epic fantasy novel that has enthralled readers for generations. It is a story of good versus evil, with complex characters and a richly detailed world. If you have never read The Lord of the Rings, I highly recommend it. You will be transported to another world and experience an adventure like no other.

Thankyou for reading this post, and we hope it was helpful! Please leave a comment, or check out some of our other posts on Nyweekly.com

How Artificial Intelligence Saves Businesses (and Consumers) Money

NY Weekly Staff on September 19, 2022

Advanced technology is never cheap. The latest technology innovations tend to be exclusive, and the more difficult it is to access certain assets, the more expensive they will be. To use cutting-edge technology like artificial intelligence, for example, organizations need to hire executives who understand AI tech enough to integrate it into business strategy; they need AI technicians capable of maintaining AI-driven systems; and they need to afford licenses to AI platforms and tools.

Yet, the costs associated with artificial intelligence are vastly outweighed by their cost-saving benefits. Here are a few reasons why AI is among the most cost-effective technology solutions of modern history and how business leaders can harness this power to benefit all stakeholders.

AI Enhances Efficiency

Businesses lose between 20 and 30 percent of their revenue to inefficiency. Slow and laborious processes, unnecessary redundancies and mistakes all contribute to major financial losses, and because businesses can use every penny to grow, those losses can significantly hinder an organization’s success. Artificial intelligence tends to move faster than the typical human worker, especially at the most tedious jobs, and well-trained AIs are able to identify and remove redundancies without the likelihood of costly mistakes.

AI Empowers Employees

While the most monotonous tasks tend to cause human workers to disengage, these tasks are what make AI systems thrive. Thus, by reassigning simple and dull processes to an artificial intelligence, a business provides its employees with more time for the responsibilities they enjoy and appreciate. AI tools empower workers to get more done while expending less energy on the jobs they dislike, helping them to feel that they are contributing substantively to their organization.

AI Enhances Value

In many markets, AI is not yet in widespread use. Therefore, businesses can gain a significant advantage by integrating AI solutions before their competitors. AI can generate value by giving a company a tech-forward reputation in its market and by targeting and personalizing marketing messages in ways that more effectively attract consumer attention and appreciation.

Examples of Cost-saving AI Tools

Different businesses will leverage AI in different ways to save money. Thus, it benefits business leaders who are unfamiliar with AI tools to enroll in artificial intelligence courses to better understand how to implement this new technology for the improvement of their unique organization. To inspire business leaders to adopt AI applications and systems, here are five tools proven to cut costs and improve profits:

Email Marketing Services

Even in the 2020s, email marketing remains among the most effective ways for businesses to engage past and future customers. Leveraging AI in email marketing campaigns, organizations can optimize and personalize their messages to customers, increasing the effectiveness of the emails they send to customers and thereby increasing the potential for customer conversion.

Chatbots

Offering access to customer service around the clock can be expensive when a company needs to maintain a staff of human customer service representatives. However, organizations that can offload basic queries to an AI-led chatbot service will save ample time and money. AI applications can run 24/7 without extra incentives, delivering high-quality customer service exactly when customers need it.

Application Assessment

Artificial intelligence should not be the only tool in use during the recruitment process, but it can be valuable in reducing the workload of hiring teams and identifying top talent for certain roles. AI programs can be tasked with assessing applications — scanning for keywords, identifying concerns and scoring job candidates — to give HR teams or hiring managers access to the best candidates first.

Cybersecurity

Cyberattacks can cost a business tens of thousands of dollars in downtime, lost opportunities and recovery measures. Thus, organizations need to commit to efficient and effective cybersecurity — ideally cybersecurity that is driven by AI. Artificial intelligence helps cybersecurity systems respond faster and more accurately to new and unexpected threats, keeping company data safe.

Invoice Management

Extracting relevant data from invoices is a tedious job — which makes it a perfect task to outsource to AI. AI-based invoice management systems are capable of scanning, separating and analyzing invoices to identify valuable and actionable information without the need for intricate templates. Thus, the accounts payable department can be smaller and more efficient in their processes.

In many ways, artificial intelligence still feels like a technology of the future, so many business leaders expect AI tools to have a hefty price tag. Fortunately, the benefits of AI can vastly outweigh its costs — as long as leaders are able to identify the AI solutions and strategies best for their business.

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