How Artificial Intelligence Will Change Our World

Remember those sci-fi films and television shows that we all watched as children and many of us still watch today? They showed us some fairly high tech devices that would change the way we lived and worked. But it was all just science fiction right? Take a look around, technology has advanced rapidly and continues to advance as new developments in artificial intelligence are made every day. We have devices that enable us to communicate with anyone around the world, look up important information in just seconds and even talk to us, read us stories and suggest a good restaurant for our next date night. Artificial intelligence and modern technology are here to make our lives easier, or are they?

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Sure, the idea of artificial intelligence is interesting and the abilities of new autonomous devices are beyond what we could have expected. The US has a restaurant run entirely by robots using some of the latest artificial intelligence technology. That sounds like something any tourist or sci-fi fan would like to see, but how does that affect the economy and the workforce?

If artificial intelligence is being designed to make our lives easier by taking over those difficult or mundane jobs, how are we supposed to make a living? Artificial intelligence can be used in a variety of robotic applications from manufacturing and agriculture, to retail, even pizza making. Without our careers, we couldn’t purchase the products robots are selling.

Let’s take another look at this. We already use artificial intelligence in our daily lives to make studying, research and entertainment easier and more convenient. What can artificial intelligence do for the handicapped? We could use robotics to not only aid the physically challenged in their homes, but to help them walk, move about and become part of the world around them. This is what artificial intelligence can do for us and what it is being developed to do very soon. AI can also be used to run personal health scans instantly, reducing the need for regular doctor visits.

So, how will artificial intelligence change our world? By completing the tasks that are too dangerous for mankind and making it possible for people to get more done while their robotic counterparts perform the manual labor they wouldn’t normally have time for, we could see an employment shortage oddly partnered with a higher quality of living. What are your thoughts on the topic? Leave a comment below and let us know what you think about AI and how it will change our world.

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10 Things You Didn’t Know About UK Small Businesses

Are you a small business owner in the UK? Are you considering opening a small business but are unsure about the UK market? Read our list of the 10 Things You Didn’t Know About UK Small Businesses and see if it inspires you to start that small business that you have always been dreaming of.

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  • The number of women-owned UK small businesses grew by 54% over the past 5 years.
  • Despite owning a sizable percentage of UK businesses, women attract only 5% of the country’s equity capital. And, when it comes to first-year funding, women received on average 80% less capital than men.
  • Last year, there were 5.4 million private sector businesses in the UK, which is an increase of 3% since 2014.
  • Last year in the UK there were 1,028 businesses per 10,000 resident adults.
  • A large portion, almost 1/3 of UK businesses are in located in London or the South East with 976,000 being in London and 878,000 in the South East.
  • The World Economic Forum and World Bank has the UK ranked number 6 of 189 in the world for ease of doing business.
  • The internet represents a £19 billion business opportunity for small business owners in the UK.
  • The number of foreign-owned businesses in the UK has decreased by 3% since 2009, but their contribution to UK value added has increased by almost 19%.
  • Almost a quarter of foreign-owned businesses in the UK are owned from within the USA.
  • Small businesses in the UK accounted for 99.3% of all private sector businesses at the start of 2015.

Offering jobs as well as goods and services, small to medium businesses are an important part of the UK economy. If you are looking to start a small business in the UK, do your research, get your funding and start attracting those customers today!

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