For small business owners struggling with the added layers of complexity and risks which are now prevalent in the business environment, breakthrough tools like artificial intelligence (AI) and Blockchain technologies are gaining traction as tools to improve risk management and cost efficiency. With these cutting-edge technologies, businesses can better identify, assess, and mitigate risks more effectively while saving on operational costs. With the help of AI algorithms, historical data can be analyzed to identify risk factors such as financial downturns and supply chain or market fluctuations…