63 Percent Of Millennials Approve Of Automation In The Workplace…And Other Small Business Tech News This Week

Here are five things in technology that happened this past week and how they affect your business. Did you miss them?

1 —According to a new report, 63 percent of millennials approve of automation in the workplace.  

A new study released by Hyperscience found that 81 percent of participants felt that using automation in the workplace can have a positive impact. The same report also found that 75 percent of study participants felt that they had a good grasp on what automation entails, although 55 percent mentioned well-known misperceptions when asked to elaborate on automation. The survey found that 66 percent saw an added value for banking and financial services with automation, while 70 percent of participants believe that it could help the logistics and transportation field. Fields like government/public sector, insurance, and healthcare were seen as being less influenced by automation. (Source: Venture Beat)

Why this is important for your business:

This is good news because – as I’ve written here and here – automation is happening right now at many small and mid-sized firms. Yes, these robots and software will replace jobs. But smart people will get skills and look at this as an opportunity to do more value-added work.

2 — Grammarly raises $200 million to expand its AI-powered writing suggestion platform.

AI-powered writing tool Grammarly announced that it recently raised $200 million. With more and more companies utilizing digitization, the market for AI writing assistants is predicted to reach a 27.6 percent annual growth rate from 2018 to 2028. A new survey released found that 60 percent of leaders in the tech industry shared that their natural language processing budgets have grown by 10 percent or more as compared to last year, with one third shared that they’ve seen spending in the same category go up by 30 percent or more. (Source: VentureBeat)

Why this is important for your business:

If you read most of my stuff, you’ll realize that lots of what’s written doesn’t take that much brains and can be done by software. Grammarly is proving that and I’m…