The Potential of AI in Business and the Risks it Poses to the UK Economy
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Artificial intelligence (AI) has the potential to revolutionize businesses in the UK by increasing productivity and adopting a customer-first approach, according to behavioural economist Roger Martin-Fagg. He suggests that businesses should utilize AI in all its formats to drive growth and gain a larger market share .
Martin-Fagg also predicts that the Labour Party will win a majority in the upcoming elections and believes that a large Labour majority will be beneficial for economic growth. However, he warns that the latest generation entering the workforce, Gen Alpha, may pose challenges due to their seamless integration with technology but impaired cognitive and language skills. He also predicts a high number of insolvencies in poorly-run firms, while quality companies will benefit by e...
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