We are all familiar with the onslaught in the news and media espousing either the benefits or potential pitfalls related to Artificial Intelligence (AI) and its impact on the business world. In fact, as you may recall we devoted a former F&D newsletter to this very topic. And while at first glance it seems like a slick new tool that will make everything easier or automate things with the click of a button, there are also drawbacks from a cost, implementation and maintenance perspective to consider.
There are stories of larger firms that have successfully “outsourced” various tasks or functions to an AI technology. Work within the real estate community can include customer service chatbots, Help Desk requests, invoice processing, and lease abstraction. And for larger firms who have the resources to implement and maintain an AI platform, and the enormous quantity of data required to “teach” an AI platform, it may be a great solution. But according to the website RisingMax.com, the normal cost for a small sized company to implement an AI solution is $20,000-$45,000 (https://risingmax.com/blog/how-much-does-artificial-intelligence-cost), not including the cost of manpower hours, training, and ongoing maintenance to keep the platform functioning properly. For many small firms, AI is not a tenable solution at this time.
This is where Finch & Daisy can come in. For a fraction of the cost to implement an AI solution, we can provide the assistance you are looking for, be that within the accounting or Yardi space. Our Yardi team is staffed with experts who also happen to be day-to-day end users of the software and can translate the technical jargon to accounting jargon. And at F&D we don't utilize call centers or chatbots, you get a real live human.
Just like the proliferation of personal computers, cell phones, MP3 players, and so many other technological advances, AI will become more and more cost effective as time goes on. But in the meantime, if you are looking for assistance in your accounting, software implementations, Help Desk support, or just want to speak with a good old fashioned human being, Finch & Daisy is here to partner with you to achieve your goals.
This month, we visited with Kate Carlson, one of our Accountants (who happens to be employee number 2!)…check out her answers below:
How Long Have You Been With F&D: Five years and counting!
Favorite Movie: Cinderella, the original Walt Disney film
Favorite Book: I have a lot of favorites. However, two of my favorite authors are Tessa Bailey and Colleen Hoover.
Favorite Band / Artist: Luke Combs
If you could have any job in the world, what would you do? A rescue shelter owner for dogs with an unlimited supply of money to save as many dogs as possible.
Where is the most breathtaking place you've ever travelled? When I was younger, my father used to work in Germany; my mom, sister, and I flew out to see him and spent two weeks with him. He took us to Belgium, the Netherlands, France, England, and Wales. It was one of my most memorable breathtaking trips!
Fun Fact About You: I love Christmas, gardening, cooking, and reality TV!!!
Pictured is Kate with her husband Jason, and their two boys Austin (17) and Jadon (5). Thanks for sharing, Kate! Watch for our next Get to Know F&D interviewee next month!
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