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SMEs will be managed by avatars in time for 2050 – study

According to research, British small businesses will be run by avatars in time for 2050. The futurology report by Virgin Money says that

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SMEs will be managed by avatars in time for 2050 – study

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According to research, British small businesses will be run by avatars in time for 2050.

The futurology report by Virgin Money says that this will be due to advances in technology in the coming decades.

British futurologist Dave Coplin said these virtual smart clones would be powered by artificial intelligence and machine learning. They will be able to handle the workload while business owners focus on building their business and achieving a better work-life balance. Avatars will be programmed by business leaders as their persona and they will be fully independent with the ability to work and make decisions on behalf of the person.

The futurist also suggested that every small business by default would be a global business, staffed by an “army” of virtual specialists capable of doing business anywhere in the world, regardless of language and time zone.

SME owners will be “human computers” equipped with advanced cybernetics [meaning the science of communications and automatic control systems in machines and living things] implants, giving them instant access to “all the information in the world” and the ability to speak any language while the implant translates words in real time. Meanwhile, cybernetic eyes will allow people to take pictures and record footage while a brain-to-computer interface will give them the ability to download and upload information. Built-in microchips will be able to unlock doors and also facilitate payments.

A survey commissioned as part of the futurology report shows a huge appetite among SMEs to invest in technology to boost their business. More than three-quarters (77 per cent) of UK SMEs are likely to say that technology will save them time and allow them to reinvest and plan for the future of the business. A whopping 85 percent say they are likely to invest in technology over the next five years to encourage growth. SME owners said they plan to use data science (39 percent), AI (31 percent) and virtual reality (26 percent) to help build their business. However, 30 percent of SMEs say they are short on time and 39 percent say it is a lack of money as key reasons that prevent them from using advanced technology.

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