HoneyBook Data Reveals Small Businesses Using AI Earn $400K More Per Year Than Those Who Don't

Portfolio CompaniesLIP Fund I
Written By Federico de Mateo

HoneyBook, the leading AI-powered customer relationship management (CRM) platform for small business owners, today released the results of a new study that shows small businesses using AI earn a median annual revenue of $500,000, nearly five times the $90,000 median of their slower-moving peers.

The findings come at a moment when many service-based business owners are second-guessing AI adoption, concerned that customers will perceive their work as less authentic or less personal. However, the study found that customers report walking away from small businesses for unrelated reasons: 36% cite businesses being hard to reach, 32% point to a lack of professionalism, and 30% cite inconsistent quality of service.

Read More on YAHOO! FINANCE
Federico de Mateo
Previous

Azra AI Appoints Oncology Leader Jessica Turgon to Board of Directors
Next

Morphisec Extends Anti-Ransomware to Windows on ARM and macOS, Closing Critical Gaps in Modern Endpoint Security