The UK is at risk of losing out on the rewards of AI and data-driven technology due to widespread distrust of many of the industry’s practices, which can only be tackled through concerted action from both industry and Government.
An alliance of technology firms, business groups and universities has called on the Government to back plans for a £100m "International Centre for AI, Energy and Climate" as part of proposals to put data science at the heart of the UK’s environmental recovery plans.
A new £24m education programme is being launched in the UK as part of plans to boost the number of graduates with artificial intelligence and data science skills, with a focus on students from diverse backgrounds.
Covid-19 may be wreaking havoc with most businesses but it is proving a boon for the artificial intelligence market, with the global AI sector expected to grow nearly 45% from $28.4bn (£22.5bn) last year to $40.7bn (£32.3bn) in 2020 on the back of the coronavirus pandemic.
Banks and insurance companies plan to double down on their investment in artificial intelligence systems, despite slow uptake so far, as most see the technology as the key driver of future growth for the financial services industry.
Supermarket giant Sainsbury’s is strengthening its commitment to data science in a drive to transform its supply chain by implementing a new artificial intelligence-powered platform which works by learning about customers’ behaviours.
Eighteen UK universities - from Birmingham and Newcastle to Sussex and Suffolk - have been handed £13 million in funding to launch postgraduate conversion courses in artificial intelligence and data science in a drive to increase the number of graduates embracing up the disciplines over the next three years.