The government has launched a new plan aimed at using Artificial Intelligence (AI) to grow the economy, help businesses scale, deliver public services more efficiently, and improve living standards.
The strategy is based on the ‘AI Opportunities Action Plan‘ produced by entrepreneur Matt Clifford, with all his 50 recommendations accepted by the government.
The report cited Google research which said AI adoption could grow the UK economy by £400 billion by 2030 through enhancing innovation and productivity in the workplace.
Clifford recommended growing adoption across the whole of the UK by leveraging “local trusted intermediaries and trade bodies to support business leaders, and also consider opportunities to accelerate AI adoption by working across supply chains”. He said a “particular focus should be put on supporting SMEs and the specific challenges they face”.
Enterprise Nation founder Emma Jones is a member of the government’s SME Digital Adoption Taskforce, which is focused on examining how SMEs can be supported to implement digital technology and AI to benefit productivity and business growth.
As part of Enterprise Nation’s Tech Hub, a one-stop-shop solution that allows businesses to access digital tools, training, and support, our research found that more than half of the UK’s small businesses are naturally exploring AI to run their business, but there’s an emerging skills and confidence gap that the industry must address if founders are to truly benefit from adoption of the technology.
Content by: Dan Martin, Enterprise Nation