Austin Milliken, the founder of Aureate Capital, an independent investment bank with a diverse client base, is a strong advocate for the power of AI in small business operations. He sees AI not as a luxury but as a necessity that enables businesses to be more agile and responsive. For Aureate Capital, AI has become essential in analyzing vast amounts of data, crafting marketing strategies, and building compelling pitch materials. It’s also a key player in streamlining communications with both internal teams and external partners, using tools like DocuSign and Dropbox for seamless information exchange.
Milliken points out that AI's ability to process and present data at lightning speed is just as important as the operational efficiency it brings. Even clients with limited resources can benefit from AI's decision-making assistance, whether by guiding their investment choices or offering validation for their strategies.
For businesses to stay competitive and unlock these advantages, Milliken believes that adopting AI is no longer optional—it’s a critical step for future success.
This story was first reported on by the U.S. Chamber of Commerce.