In The News: AWS Revenue Jumped 46 Percent In Third Quarter

Let me share something fascinating I’ve been seeing lately: the business world is experiencing a significant shift, and it all comes down to how companies are embracing (or hesitating to embrace) AI and low-code platforms. Think of it as a technological gold rush, but instead of pickaxes, we’re talking about digital tools that can transform your business overnight.

Let’s look at some eye-opening numbers that tell the story:

• A whopping 72% of organizations have jumped on the AI bandwagon – if you’re not in this group yet, don’t worry, but you might want to start thinking about it
• The financial sector is leading the charge, with 75% of firms already using AI in some way
• Here’s a surprising one: 74% of companies hit a wall when trying to scale their AI projects beyond the testing phase (I’ll tell you why this happens and how to avoid it)

You know what’s interesting? Many businesses I talk to think they need a team of tech geniuses to start using AI. But here’s the thing: low-code and no-code platforms change entirely that game. Let me show you what I mean:

• By 2027, this market is expected to hit $65 billion (that’s not a typo!)
• 70% of new business apps will be built using these platforms in just a few years.
• The best part? These tools can cut your project time by up to 90% – imagine getting a three-month project done in just a week!

For small business owners like many of you reading this, this is excellent news. You don’t need the budget of a tech giant to compete anymore. These tools let you automate those time-consuming tasks, get intelligent insights from your data, and give your customers the kind of experience that used to be reserved for big corporations.

But here’s the thing – and I’m being straight with you here – implementing these technologies isn’t like installing a new app on your phone. You need someone who knows what they’re doing to guide the process. This is where a fractional CTO comes in handy. Think of them as your tech-savvy guide who shows up when you need them (without the full-time executive price tag). They can help you figure out which tools make sense for your business and how to implement them without disrupting everything you’ve built.

I’ve seen this transformation happening firsthand, and trust me, the businesses that are thriving aren’t necessarily the ones with the biggest budgets – they’re the ones that are smart about how they adopt these new tools. Whether you’re just starting to think about AI or you’re ready to take your tech game to the next level, the important thing is to start somewhere. After all, the best time to plant a tree was twenty years ago, but the second best time is now – the same goes for embracing these technologies.

What do you think? Are you seeing these changes in your industry? I’d love to hear about your experiences with AI or low-code platforms!