Nearly two thirds (63%) of UK business leaders are planning to increase investment this year, with generative AI being the top tech investment priority for 8 in 10 UK businesses, followed by cloud (41%), data analytics (33%) and cybersecurity (30%).
Currently, half of UK business leaders believe that generative AI has significantly increased their organisations GHG emissions, but encouragingly a third (33%) are already using generative AI for sustainability initiatives.
Currently, Britain is the third largest AI market in the world, but how is this translating into UK business performance, and where are the key challenges for UK business leaders to realise the gains across the bottom line?.
Britain must do more to prepare its workforce for an exciting AI future Since the start of the year we have seen an encouraging amount of government support and investment within AI as a lever for economic growth.
Crucially 84% of UK business leaders were confident that generative AI would be a transformative technology that will help drive revenue and innovation, compared to 60% globally.
