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UNLOCKING THE POTENTIAL OF ARTIFICIAL INTELLIGENCE

Online Conference7th February 2023, 9:00am - 3:00pm

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OVERVIEW

As the complexity and adoption of Artificial Intelligence (AI) increases
worldwide, in the National AI Strategy the British government has identified the
importance of AI technology for its international influence as a global
scientific superpower. 

AI was Identified as one of the four Grand Challenges in the government’s 2017
Industrial Strategy White Paper, and a nearly £1 billion AI sector investment
deal was announced in 2018. Between 2014-201 the government has invested more
than £2.3 billion into the AI sector, and governmental investment in Research
and Development is expected to grow to 2.4% of GDP by 2027.  

This has resulted in numerous successes; in 2019 the UK government ranked second
globally in terms of AI readiness as well as ranking third in the world for
private investment into AI companies in 2020, and third in the world for AI
publication citations per capita.  

The expected benefits from AI for the UK include adding £630bn to the UK economy
by 2035, more than 1.3 million UK business will use AI by 2040 and it has been
estimated that the AI sector could grow the UK economy by 10.3% by 2030.  

This event will examine the potential offered by AI technology including
increased efficiency, speed, and accuracy and how this can be used to transform
the public sector to provide better governmental results to citizens.  

 

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