(NEW YORK)—While recent market volatility has many talking about possible economic slowdown investors may want to focus their attention on AI and Automation tech firms as way to play any future recession.
In simple terms interest in automation accelerates during economic downturns as businesses seek to control costs, while improving productivity. We could see a wave of automation take root during the next economic downturn when technology-inspired restructuring in jobs tends to take place, and this could make the AI and Automation tech sector a place to watch.
Major corporations are gearing up for a surge in robotics-based technology over the next decade, and the U.S. needs to do the same.
The downside is that interest in automation tends to accelerate in times of recession; so, once the next economic downturn occurs office workers may lose their jobs and then have nothing to fall back on because the machines will have replaced the lower skilled jobs required to carry one over in tougher times.
The world of work has always known technological innovations and the rapid pace of this current transformation with new technologies, such as AI and robotics, is without precedent. We expect to see a surge in AI and Automation technology over the next few years, with an even greater emphasis during any economic slowdown, or worse recession.
AI WIL ALSO CREATE JOBS
For many this coming tech boom is exciting, while others feel frightened about their future. In Europe, 70% of people worry that a robot will take their job, and these fears shouldn’t be ignored. The introduction of autonomous vehicles, for example, could lead to the annual shedding of around 200,000 drivers from the 3.5 million-strong US commercial driver workforce.
But it’s not all doom and gloom. According to a so-called ‘maximalist scenario,’ AI and robotics technology job growth could offset negative impacts on employment effect in other areas.
It is inevitable that some jobs will change, while some will also disappear. Some new jobs have already been created, such as web analysts and applications developers, and development of artificial intelligence systems will also require new jobs in engineering, IT and telecommunications, and in big data.
Our company will work on developing a suite of educational programs, online classes, and cloud-based tools that could help the next generation of workers get engaged, and not be left behind as new skill set requirements are demanded in the work-force.
It’s our opinion that investors should look towards the AI and Automation tech sector as a play on any economic downturn or recession as more corporations look to cut costs, increase efficiencies, and implement a new wave of Automation and AI technologies heading into the 2020’s.
AI VENTURETECH HIGHLIGHTS
Below are a few focused highlights on where our company is currently focused. We will be collaborating with some of the top Universities here in New York City region to assist in building out its data science engineering firms staff, and research capabilities.
– Realm Robotics to Develop Robotic and Automation Technologies for Corporations
– Deep MedTech to Develop AI Technologies for Healthcare and Biotech Sector
– Develop Online Educational Course and Class to Retrain Data Science Workforce
– Cloud-Based AI Applications for Both Consumer and Enterprise Use
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About AI VentureTech, Inc.
Located in New York City, AI VentureTech, Inc. is an early stage data science research firm focused on utilizing artificial intelligence in the areas of biomedical research, robotics, and 5G cloud development. Our team of data scientists and engineers can customize AI-powered software and technical solutions for both companies and institutions looking to leverage data and machine learning algorithms for greater business value. The Company seeks growth through both collaboration and acquisition of dynamic new start-ups in the areas of business analytics, machine learning, natural language processing (NLP), visualization tools, predictive modeling, and cloud advanced analysis. www.aiventuretech.com
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