More and more companies are getting switched on to AI — but will it be enough to make the UK a “tech superpower”?

Key Takeaways:

– A new study by Amazon Web Services (AWS) reveals a significant increase in AI adoption among UK businesses.
– The boosted AI adoption is predicted to contribute £520 billion to the UK economy by 2030.
– 39% of British businesses have already incorporated AI into their operations.
– AI has become more important since 2022 for 33% of businesses.
– The study highlights the digital skills gap as a hindrance to AI progress.
– UK consumers are excited about the potential of AI to address societal challenges.
– Opportunities for growth in AI adoption exist in areas with lower digital adoption, such as Wales and the South West of England.
– Sectors like technology, telecoms, financial services, professional services, and construction have the highest AI adoption.
– The study emphasizes the need to address barriers like digital skills gaps and uneven AI spread.
– The UK is on track to become a tech superpower by 2028.

TechRadar:

A new study by Amazon Web Services (AWS) has revealed a substantial surge in artificial intelligence (AI) adoption among UK businesses.

The boosted AI adoption, equivalent to a 31% increase between 2022 and 2023, is predicted to contribute as much as £520 billion to the UK economy by 2030, up from £413 billion in 2022, itself a considerable 26% increase.

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AI Eclipse TLDR:

A new study by Amazon Web Services (AWS) has found that there has been a significant increase in the adoption of artificial intelligence (AI) among UK businesses. The study predicts that this boost in AI adoption, equivalent to a 31% increase between 2022 and 2023, could contribute as much as £520 billion to the UK economy by 2030, up from £413 billion in 2022.

The report reveals that 39% of British businesses have already incorporated AI into their daily operations, with 33% stating that AI has become more important since 2022. However, the study also highlights some challenges that could hinder the progress of AI adoption. One of the key challenges is the existing digital skills gap, with only 13% of businesses finding it easy to hire staff with good digital skills, and the process of finding appropriate staff taking an average of 7.5 months.

On the consumer side, UK citizens are increasingly excited about AI technology, with 59% believing that AI could help address major societal challenges such as climate change and disease control. They also recognize its potential to transform key sectors like education, manufacturing, entertainment, healthcare, and retail.

The study identifies opportunities for growth in areas with lower digital adoption, such as Wales and the South West of England. Meanwhile, London, the South East, the North East, and the North West are considered to be among the highest adopters of AI. The study also highlights the concentration of AI adoption in sectors like technology, telecoms, financial services, professional services, and construction, leaving 16 other sectors to share the remaining 32%, indicating the disparity between industries.

Despite these challenges and disparities, AWS’s study emphasizes the potential for significant growth in AI across the UK as others catch up. This growth not only has the potential to boost the country’s economy but also positions the UK closer to its ambition of becoming a tech superpower. The study concludes that barriers such as the digital skills gap and the uneven spread of AI need to be addressed, but on a positive note, the UK is expected to achieve its ambition of becoming a tech superpower as early as 2028.