Artificial Intelligence could add around £630bn to UK economy

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The UK economy could benefit from an estimated £630bn provided the government supports efforts to develop and apply Artificial Intelligence in a range of applications including healthcare.

Artificial intelligence

These are the conclusions of a report published yesterday, October 15, 2017, which set out proposals for how government can work with industry to take a leading position in AI, a sector singled out for growth in January 2017’s Industrial Strategy Green Paper.

The independent review, ‘Growing the Artificial Intelligence Industry in the UK’, was announced as part of the Digital Strategy in March, 2017, and was led by Dame Wendy Hall, Professor of Computer Science at Southampton University, and Jérôme Pesenti, chief executive of BenevolentTech.

Pesenti said that the AI review focussed on recommendations that are practicable and deliverable.

“By following these recommendations, government, academia and industry can help strengthen the UK’s position in the global AI market,” he said. “Our proposals are deliberately specific and boil down to three fundamentals – enable better access to data, create a greater supply of AI skills and promote the uptake of AI.”

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