The use of Artificial Intelligence in Business

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Hello bloggers I am back with my final blog ☹ , I know some of you will be really upset by that news! Today I’m talking about the use of AI in businesses in the modern day, so let’s begin: The use of AI has become increasingly popular and hot topic in terms of some concerns that can arise from it. However, many businesses are using AI to improve their business and make themselves more technologically advanced.           One of the ways in which businesses use AI is through chatbots. According to a Forbes Advisor survey, over 73% of businesses use or plan to use AI- powered chatbots for instant messaging. This can help build customer relationships as they could potentially have any problem, they have solved at any time of the day with 24-hour assistance. An example of a chat-based system would be ChatGPT which can give you answers to a statement you tell it to do, however it can’t make emotional decisions.           Another popul...
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Ireland as a Digital Economy

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Hello fellow bloggers, today I will be discussing why Ireland is a good place to do business.

There are a number of reasons why Ireland is a good place to do business and here are some of the reasons:

1. Labour Force

Ireland has a very skilled labour force, according to Social Justice(2023) Irelands workforce is almost 2.7 million people, meaning there is a large workforce to chose from when selecting employees. This labour force is also skilled as according to CSO(2022) 56.2% of people aged between 15 to 39 have a third level qualification.

2. Low Corporate Tax

Ireland has one of the lowest corporate tax rates in the world with a rate of only 12.5%, with the EU average being 20%. This means companies get more of a tax relief in Ireland and save more money making it more of an attractive place to do business.


3. English Speaking

Ireland is one of the only countries in the EU who are English speaking. This is attractive for businesses as it can open a wider market to enter to do business in such as the USA. English is seen as the global language of Business.

4. Member of the EU

Ireland being a member of the EU can be a benefit for businesses as it can make it easier to business with other EU countries and there will be minimal tax and tariff on goods being imported and exported, also being in the EU helps with source things as there are several options with the number of countries being members.


5. Advanced Technology

Ireland is one of the leading countries when it comes to achievements in science and technology and dominating the global stage in terms of research and tech advancements, (3EAccounting,2022), with a big example being the investment of big tech companies in data centers in Ireland.

6. Research and Development 

According to Robert Nathan(2023), In Ireland a company can avail of a 25% tax credit against their current year corporation tax liability. The credit available is available to those companies engaged in in- house qualifying research and development activities, including plant, machinery and buildings.

7. Low Unemployment Rate

Ireland has a very low unemployment rate with the unemployment rate in the month of August 2023 being just 4.3%, (Statista,2023). This shows people are keen to work in Ireland and there should be no problems employing people.


8. Growing Economy

Ireland has a growing economy over the last number of years with more and more businesses and people investing in Ireland making it more of a hub for businesses to grow and develop.

9. Number of start up funding and support programmes

There are a number of support programmes and start up funding options available for new businesses in Ireland with them being one of the highest in terms of level of funding and grants available compared to international standards.

10. Great Place to Live

Ireland is generally just a good place to live with good opportunities for businesses and a family friendly environment.

If you liked this blog be sure to share and comment any other reasons Ireland is a great place to do business! I'll be back with another blog next week.


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