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Artificial intelligence (AI) is helping to inspire the ambitions of the UK’s next generation of entrepreneurs, a survey has revealed.
About a third (36%) of 25- to 34-year-olds and (32%) of 16- to 24-year-olds say they feel more empowered to start their own business thanks to artificial intelligence, according to research from travel franchising company Travel Counsellors.
Artificial intelligence can help businesses automate certain processes, such as helping with customer inquiries, routine tasks, and analytics.
The survey of working people also found that more than half (53%) have considered becoming an entrepreneur.
More than a third (37%) of respondents say AI has enhanced their current job role, including more than half (51%) of those aged 25 to 34.
But due to the uncertainty of the economic environment, more than a third (36%) of employees are less optimistic about their current roles, and more than a quarter (27%) are exploring other career options.
Research shows that the strongest attractions to starting a business include the potential to make more money (34%) and achieving a better work-life balance (28%).
A quarter (25%) said flexible working hours were the biggest draw, while 24% said they wanted to be in control.
The study also found that a lack of funding and fear of failure were among the barriers for some people considering starting a business.
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Matt Harding, Franchise Sales Director at Travel Counsellors, said: “The survey results demonstrate a fundamental shift in how UK workers view AI.
“It is no longer viewed as just a productivity tool – aspiring entrepreneurs, especially the younger generation, are now using it to help start and grow their own businesses.”
The survey was conducted by Censuswide among more than 2,000 workers in the UK in December.