Core Viewpoint - The article emphasizes the importance of utilizing AI in businesses to reduce costs and enhance efficiency, presenting eight practical techniques for entrepreneurs to implement AI effectively in their operations [2][36]. Cost Reduction Techniques - **Automating Repetitive Tasks**: AI can handle tasks such as data entry and invoice processing, significantly increasing efficiency. For instance, a Shanghai accounting firm improved its invoice processing from 800 to 2000 invoices in two hours using AI [6][7]. - **Optimizing Operations and Supply Chain**: AI can analyze historical data to optimize inventory and logistics. A merchant in Yiwu saved on storage costs by using AI to predict demand accurately, reducing umbrella stock from 300,000 to 180,000 units [10][11]. - **Enhancing Customer Service Efficiency**: AI can manage routine customer inquiries, allowing human staff to focus on complex issues. A hotel in Shenzhen reduced its customer service costs by 40% while improving response times through AI [12][13]. - **Optimizing Human Resources**: AI can streamline the hiring process, reducing the average hiring time from 28 days to 7 days and halving the turnover rate during the probation period [15][16]. Efficiency Enhancement Techniques - **Enhancing Decision-Making Capabilities**: AI analyzes vast amounts of market data to provide actionable insights for strategic decisions, transforming vague feelings into clear data [21][22]. - **Accelerating Innovation and R&D**: AI can significantly shorten the research and development cycle in industries like pharmaceuticals by simulating molecular structures and predicting compound properties [23][24]. - **Improving Marketing and Sales Efficiency**: AI enables targeted advertising by analyzing customer profiles, leading to a threefold increase in conversion rates while optimizing marketing spend [26][28]. - **Increasing Production and Manufacturing Efficiency**: AI visual systems can enhance defect detection and optimize production parameters, improving efficiency by at least 50 times [31][32]. Conclusion - The article concludes that the integration of AI into business processes is a gradual but essential journey, requiring a strategic approach to harness its full potential for cost reduction and efficiency enhancement [36][39].