How Artificial Intelligence Can Be Your Friend

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Much has been said about artificial intelligence or AI. Often people have talked about AI in a very fearful way as something with catastrophic and apocalyptic consequences. Even highly regarded people like Elon Musk and Stephen Hawkings have warned of the potential dangers when AI becomes highly developed and sophisticated. There is no question that AI will develop exponentially and become an enormous industry. It will greatly augment other industries and increase their productivity in unprecedented ways.

 

What about when AI becomes more sophisticated than humans?

One of the hot topics surrounding AI and the main cause of most people’s concern is, what happens when AI becomes more sophisticated than humans? Most people view such a situation as a threat to humanity and there are perfectly legitimate and rational arguments as to how AI can be a real danger to the human race. But let’s look at AI and it’s potential in a more exciting and positive way. This is a technology, which has the power to change our lives and make our lives better and less gruelling. Already there exists different kinds of AI such as the electronic calculator, speech and image recognition, or the algorithms designed for automatic language translation, spelling and grammar corrections, and the ones Facebook and Amazon use to create our daily news feeds and recommendations respectively etc. The Siri function on your iPhone is a very embryonic form of the type of AI, which will grow and develop at an exponential rate. At some point in the future this kind of AI bot will be your 24/7 multi task virtual assistant, which you’ll be able to have intelligent two way conversations with about virtually (no pun intended!) anything. Based on all your digital data and spoken words, it will help you make all your decisions for you. This virtual assistant bot will help you with all kinds of issues whether they are legal and financial queries, relationship problems and generally try to help you to organise your life and make it more efficient and productive. A SMART Life!

 

Job automation

People fear that AI will speed up the process of job automation and eventually make all jobs obsolete. This will happen yet it will happen to all Industrial Age, repetitive jobs with little to no creativity. Instead of being fearful, people should be happy. I mean do people enjoy repetitive, humdrum and uninspiring jobs? In our current culture there is this incomprehensible and irrational obsession with work; but work of an often soul destroying kind and not work that people enjoy and which can benefit and change society. AI will eventually automate all forms of repetitive and uncreative work and in the future people will be working far fewer hours.

 

A Post-Work society and why our creativity and ideas will be king

AI in the distant future will likely lead to a kind of Post-Work society. Yet in these times people will be finally free from monotonous work and will likely be engaging and harnessing their creativity and ideas in doing something they love. Rather than being a threat, AI will be an indispensable and invaluable resource, which will augment, complement and greatly benefit our levels of creativity and ideas and help us to realise with the best results whatever we want to achieve. AI will greatly enhance our creativity and generation of ideas and help us to tap into them in unimaginable ways. And best of all, it all most likely be free. No need to set aside money for expensive lawyers, financial advisors, planners and accountants. Or even software developers and digital data analysts and marketers. AI will be able to serve you in all these areas at no cost.

 

By Nicholas Peart

(c)All Rights Reserved

 

The Future Of Law: Move Over Corporate, Hello Intellectual Property

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For many years, people have had careers in the legal industry and, more specifically, in corporation law. This market has become saturated and is already at risk from automation.

 

How could this industry be transformed for the better?

By removing the unnecessary and monotonous tasks, which can be done by an algorithm. This will free time for more complex projects. Instead, firms can focus on building their clientele and establishing more of an online presence.

 

Reduce costs

Firms can cut their overheads considerably, particularly, by not having to employ people to complete low level tasks.

 

Firms can potentially work virtually

Would it be possible for lawyers to work remotely instead of turning up to the office? Yes, I believe the future will allow us to be in our offices virtually thanks to emerging and new technologies like virtual reality. We could just remain at home and the office will come to us.

 

A greater need for an online presence

I believe the future trajectory of law firms will be to focus on building a sole online presence and exiting the whole onsite environment.

 

Is freelancing the future for lawyers?

Could more lawyers work directly for clients? Many are still sceptical as they rely on financial security. Once we gain more certainty, I believe increasing numbers of lawyers will start taking this route.

 

Transition into an Idea economy

This will open up a brand new industry for legal advisors. They say ideas are worthless, but more protection will be needed. When a large majority of our society will start creating groundbreaking things, people will search for advice.

 

The need to rewrite laws

With the introduction of robots and automation, laws will need to be rewritten to accommodate for both employees and robots. The rights of both will need to be made clear in order to avoid confusion and conflict. The fact that laws need to be rewritten creates more opportunities and expansion for many firms.

 

A deluge of patent creations

I predict that there will be a massive increase of people choosing to patent their products or services. In essence, a large focus will be placed around intellectual property. More legal advisors will be required to help people create the right patents and trademarks.

 

Understanding the sharing economy

Legal advisors will be needed to explain how this economy works and what ownership rights people have. In a sharing economy, there is less of a focus on ownership rights and more of a focus on license holders.

 

The introduction of license holders

Will we be required to apply for certain licenses in the future in order to protect ourselves and what we create? For example, will a person who creates music via an AI program have the rights or will it be the person who produces the software for the program who has the rights? This is a path our society will eventually take.

 

Reform of law education

There should be a change in how future law will be taught. Students must be informed of how the latest technology can benefit their profession. This is very important in order to avoid confusion and a reality shock. A large emphasis on intellectual property must be enforced so students can see how much potential there is and what they can do to better assist our society.

 

 

By Caroline Peart

(c)All Rights Reserved

 

A world where everybody is an entrepreneur doing something they love

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We are currently living in a time of great technological transformations. The internet has created enormous opportunities for individuals, entrepreneurs and businesses. The most clear game changer with the internet is the direct peer to peer contact it offers with all kinds of people from all around the world. It creates a fabulous opportunity to develop an online business or project in something you truly love and enjoy. In the process, you get to directly connect with many different people finding potential fans and clients who appreciate, love and value what you are doing.

 

Moving away from old Industrial Age model jobs

Currently many people are still stuck in Industrial Age jobs. These jobs are often of a repetitive nature even if, for now, they may provide a stable income and job security. And it could be argued that many people who do these kind of jobs don’t enjoy them (even if they may pretend that they do) and do them purely for the money. Yet these are the jobs most at risk from automation. These are not just jobs in the retail, construction, transport and basic service industries but also high skilled jobs in the legal, financial and, ironically, even tech industries (there will come a time when AI will be able to do most of the programming/data analysing jobs and create better software than humans can).

 

Tapping into your creativity 100%

When the above scenario occurs, instead of the dystopian reality that many predict, people will have a great opportunity to develop a business or project doing something they truly love. They will be using their creativity 100%. They will have to. They will have no other choice. It will be the most important “commodity” we have to offer. The alternative option is to be part of a society of “useless people” (a most disempowering term) who constantly lament about how they used to have a solid job and no longer have it due to automation. These are people who sadly haven’t tapped into their creative resources and the immense power within themselves. Instead they fail to change/adapt and are constantly stuck in the past. A very sad state of affairs but it doesn’t have to be live this!

 

The importance of using your initiative

In our current society only a small segment of the population use their initiative. Most people are crippled by fear, anxiety and low levels of self esteem to take the initiative to start their own business or project. They are more comfortable applying for a limited and dwindling supply of jobs. But one day in the future everyone may be forced to use their initiative. Yet it will be by utilising their creative gifts to their fullest capacity. After automation has made obsolete many jobs in existence our creativity will be king and the entire global economy will be full of individual entrepreneurs and startups all utilising their creativity and operating in something they love, which even benefits and contributes to society in a meaningful way. It will be a truly pure and direct sharing economy of people interacting and transacting with their unique services.

 

By Nicholas Peart

(c)All Rights Reserved

The rise of AI in education

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Far into the future, you may not even need to attend an onsite location to receive your education. “Susie” will be assigned to you and guide you through your study journey. This may sound daunting to many but actually this is something quite amazing for all future learners.

Susie, as mentioned above, is a powered and programmed bot with emotional intelligence capabilities. This is a virtual teacher. One which you can potentially have a two-way conversation with.

 

How can AI benefit future education?

Education today has moved away from the focus of empowering and bettering students. Instead, its learners are being churned out like cogs in machines.

We are taught predominately facts rather than skills that we ultimately need.

Many of us are pushed in certain directions and get left behind. I believe that artificial intelligence will reinforce the importance of learning and how everyone can benefit from it.

 

Catering for different types of learners

We do not all learn the same way which is not bad, but for many educational institutions they have struggled to fulfil the needs of these different learners. I am referring to learning via visual, reading, spatial and auditory. Since being unable to help them, these students feel incapable and useless. AI will ensure that no student will encounter any of these feelings. The virtual teacher will work alongside the student and will tap into what exactly the student needs.

 

No more “special needs” schools

Roll over special schools, the latest technology will completely eradicate the purpose of these institutions. No longer will a child need to be pulled out of mainstream education. Virtual education will be able to cater for everyone. Who said these learners were never capable of really excelling academically?

 

Limiting social prejudice

Our society today places a tremendous pressure on students to study particular courses which will lead to the best universities. This causes competition for people to be in the best classes or they miss out. Is this the way education should be? AI will make education fairer and give everyone an opportunity to succeed the best way.

 

Equality made possible

As I mentioned in the above paragraph, education must not be boxed in and only offer opportunities to people at certain periods of time. There must be a gateway to those who do achieve when they are ready. This is why we must have equality and the technology will assist with making this possible.

 

Encouragement and empowerment

Suzie will operate on demand and help students to stay on track. She will never demotivate. One of the many reasons why people do not succeed is due to a lack of confidence. Many young people feel a disconnect between themselves and their teachers. This comes down to the fact that these teachers have not been empowered during their own experiences. It’s inevitable that these feelings can be filtered down.

In order to help the next generation, we must make sure that a great deal of encouragement and inspiration is transferred.

 

Say goodbye to bullying and hello to harmony

Our educational structure makes it more likely for students to be singled out and ostracised, which in a way makes way for bullying. Virtual teachers can be used from anywhere removing the need for children to be at school. This can in turn reduce the possibility of unkind behaviour. If this can successfully be achieved via virtual teachers, then it will make learning more enjoyable. The children who are under constant bickering actually end up turning their backs on education.

The future of education can be very promising if we find ways around making it more encouraging and beneficial to others.

 

Caroline Peart

(c)All Rights Reserved