Paychex's SVP of AI Beaumont Vance: How Small Businesses Can Stay Competitive with AI

What’s the secret to making AI work for your business? According to Beaumont Vance, Senior Vice President of Data, Analytics, & AI at Paychex, it all starts with one crucial element: high-quality data.  On this week’s episode, Beaumont joins Gene to explore the incredible potential of AI for small and medium-sized businesses. From understanding the critical role of clean data to the innovative ways businesses can use AI to transform recruiting and decision making, Beaumont breaks it all down.  

 

Topics include:

00:00 – Episode preview and welcome

01:07 – Introduction of guest Beaumont Vance and explanation of role

02:27 – The critical role of quality data for AI success

05:04 – What’s next for AI at Paychex?

06:51 – AI transformer models explained

09:12 – How small businesses can compete using AI tools 

13:07 – Reinventing recruiting with AI

17:48 – Practical advice for leveraging AI tools 

20:17 – The challenges of bad data

23:57 – The rising importance of voice-to-text technology

26:33 – Where should businesses start with AI?

27:42 – Balancing automation with human touch in customer service

33:35 – Privacy concerns with AI data

36:45 – Key questions to assess the quality of AI providers 

39:28 – Wrap up and thank you

 

DISCLAIMER: The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.