AI is shaping the future of work
Artificial Intelligence or AI is shaping the future of business. It has the power to unlock significant opportunities for UK firms to become more efficient and competitive. UK organisations are already harnessing the benefits of AI with around one-in-six, totalling 432,000, embracing at least one AI technology.
Financial and professional services continue to be leaders of AI adoption, with 90% of banks having already dedicated at least some resources to Generative AI initiatives. The scope of transformation includes providing better customer experiences, improving risk management, addressing financial crime, and offering innovative financial products to their customers.
Building a world-leading AI ecosystem that rapidly develops and deploys innovative solutions will not only help individual businesses and the financial services sector, but is crucial for the UK's overall competitiveness and long-term success.