Many consider the UK a global leader in AI, with an advanced research and innovation sector. However, AI is still in the early stages of development while certain markets, industries, and individual firms are more advanced than others. It can be easily predicted seeing the AI growth in the nation. Let us take a look at the reasons and the trends regarding AI in the UK:
Reasons for high growth in UK:
The government In September 2021, put out a National AI Strategy by focusing on three core areas:
- Investing in and planning for the long-term requirements of the AI ecosystem to maintain the position of the UK as a global leader in AI
- Encouraging the dissemination of AI throughout the entire economy so that it is advantageous for all regions, nations, businesses, and sectors
- Creating a regulatory and governance system that is pro-innovation but safeguards public safety.
Growing Demand in UK:
1. Investments
AI financing means public or private investments in AI new businesses and initiatives, highlighting the UK’s AI business desirability and possibilities for investment seekers as well as business owners.
2. Jobs Created by AI
AI and related technologies are expected to create nearly as many jobs as they eliminate in the UK. Organizations could introduce around 7.2 million new positions, resulting in a net increase of approximately 200,000 employees. The industries likely to see the most significant recruitment growth include health and social care services, education, and professional and scientific services.
3. Education
The UK education sector finds itself in a vortex of hope and excitement with the arrival of AI. It is possible to use AI to improve the quality and accessibility of education for either students or teachers.
4. Employment Opportunities
Estimates suggest that in the UK alone, Artificial Intelligence may phase out around 7 million positions. However, the future isn’t as bleak as it seems. Over the next two decades, the same report indicates that AI will create an additional 7.2 million job opportunities. Moreover, more than 2,000 net jobs are expected to emerge directly from AI advancements.
5. Skill Enhancement
The government has been working hard to improve AI skills by offering postgraduate conversion courses, Turing AI Fellowships at the Alan Turing Institute, and skills boot camps by the Department for Education. As we move ahead, it will be beneficial if there is an update from the government regarding the performance and achievements of such programs.
6. Healthcare
Researchers consulted the winners of the AI in Health and Care award to assess the impact of Artificial Intelligence on patient healthcare in the United Kingdom. Furthermore, £100 million has been dedicated to projects aimed at improving patient outcomes, cutting costs, and enhancing the overall patient experience. Furthermore, another approach includes the implementation of pilot AI Algorithmic Impact Assessments (AIAs).
There’s no end to the chance for new ideas. robotics, Internet of Things (IoT), Artificial Intelligence (AI), edge computing, quantum information systems, unmanned aerial vehicles (UAVs), and computing which has high performance can change the face of the UK.
