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Future-Proof Your SMB: Build a Culture Open to Knowledge-Sharing

October 21, 2024

Navigating the digital landscape is like a rollercoaster ride. When you think you’ve mastered it, something changes, a new technology is introduced, or your customers’ demands and expectations shift. The rise of Artificial Intelligence (AI) is a perfect example of this, presenting both immense opportunity and understandable apprehension for small and medium-sized businesses (SMBs).

Our recent AI Business Insights Report, based on a survey of over 500 business owners and marketing professionals, reveals a significant knowledge gap surrounding AI and its potential applications. This presents a challenge—and a crucial opportunity—for SMBs ready to embrace the future.

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The key takeaway? Building and nurturing a culture of open knowledge-sharing is necessary for survival and growth in the age of AI.

While our AI Business Insights Report revealed enthusiasm for using AI to boost revenue, generate leads, and enhance productivity, a notable percentage of respondents admitted to being unfamiliar with AI and its practical business uses. Even more telling, a majority reported a lack of AI-related training. This skills gap is a barrier to AI adoption and highlights the urgent need for a proactive approach to knowledge dissemination within organizations.

At WSI, we believe that empowering your team with the proper knowledge is the first step towards reaping the rewards of AI’s transformative power. Creating a culture that embraces continuous learning and knowledge-sharing means staying ahead of the curve and empowering your team to navigate the industry’s changes confidently to drive tangible business results.

So, how do you build this culture of knowledge-sharing? It starts with a strategic, consultant-led approach.

Cultivate Curiosity and Encourage Experimentation

When shifting your company culture, you need to adopt a top-down approach. This means that leadership must set the example… championing the importance of continuous learning and creating an environment in which team members feel comfortable exploring new technologies, asking questions, and—most importantly—making mistakes! 

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Invest in Targeted Training

Generic training programs simply don’t cut it. Identify specific AI tools and technologies relevant to your business and provide customized training programs to equip your team with the practical skills they need to make the most of these resources. From hands-on workshops to presentations led by subject matter experts, you want to ensure that your team understands how AI directly impacts their roles and contributes to overall business objectives.

Facilitate Knowledge Exchange

Team meetings, staff calls, and company-wide events are all opportunities to encourage knowledge sharing among your team members. These team get-togethers—online or in person—are ideal for your employees to present their learnings, share best practices, and discuss challenges openly.

Not sure if your industry (and your employees) will be impacted by AI? According to our AI Business Insights Report, here are the top seven industries where AI adoption is having an impact:

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Another idea is to set up a dedicated internal platform (like Workvivo or Slack) to share AI-related resources and insights to further inspire ongoing collaboration and learning.

Recognize and Reward Innovation

Have you noticed certain employees who’ve quickly adopted AI and contributed to the collective knowledge pool? Reward them for their quick uptake! Recognizing and rewarding innovation reinforces the importance of continuous learning, helps to cultivate a culture of curiosity and growth, and motivates other team members to embrace new technologies. 

Start Small, Scale Smart

Ready to test the waters? It’s best to begin with pilot projects involving a small group of team members. This allows you to experiment with AI implementation in a controlled environment, gather valuable feedback, and refine your approach before rolling it out company-wide.

The WSI Advantage

Choose WSI to help you navigate the complexities of AI adoption through world-class AI consulting services. Our consultant-led approach ensures we understand your business challenges and develop bespoke solutions aligning with your needs and goals.

Embrace a knowledge-sharing culture today to empower your team to drive innovation, seize new opportunities, and embrace AI’s transformative potential. Contact your local WSI Consultant now to discover how we can help you build a future-ready organization through ongoing AI adoption.

About the Author

Rick spent 20 years in the insurance industry in finance, primarily developing reporting platforms for B & C stakeholders.   His ability to speak to consumers of data (managers and analysts) and translate their needs to programmers led him to start his own digital marketing agency in 2004 to develop data driven solutions for business owners. 

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