UK economy risks missing out on £315bn due to slow AI adoption

Sep 6, 2019 · https://www.uktech.news

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A new report has found only 1 in 2 UK organisations (plc) has deployed a single AI project in the past five years. If this current rate of adoption continues, the UK economy is at risk of missing out on £315 billion by 2035.

The report further found that nearly a third (32%) of senior executives across UK enterprises have no plans to deploy any AI programs in the next two to five years. This strongly suggests that the current rate of adoption is unlikely to improve in the near future; thereby putting the UK economy at real risk of missing out on billions of pounds at a time it is most needed.

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