AI & Data Analytics

Tech Spending in 2022 Forecast

An increased focus on investing in business outcomes as opposed to buying finished products underlies Gartner’s expectations for sustained growth in IT services — 9.8% in 2021, with a CAGR of 8.68% over the 2020-2025 period (second only to software at 11.9%). Also noticeable in Gartner’s forecast is a sharp near-$100 billion rise in spending […]

The Impact of AI in UK

The UK was the crucible of the Industrial Revolution and is one of the crucibles of the Intelligence Revolution. It is home to world-beating artificial intelligence (AI) companies and world-class academic centres of AI research. It is well placed to reap great overall economic benefits from the development of AI, but it is not yet […]

The Economics Impact of AI

According to the report by PWC, despite discussion on social media about the things that AI will be able to achieve, the majority of studies that have sought to answer this question have focused on the risks of artificial intelligence to employment. More recently some researchers have recognised the potential that this automation has to […]

The Impact of AI in UK

The UK was the crucible of the Industrial Revolution and is one of the crucibles of the Intelligence Revolution. It is home to world-beating artificial intelligence (AI) companies and world-class academic centres of AI research. It is well placed to reap great overall economic benefits from the development of AI, but it is not yet […]

Strategy for AI technologies in UK

Scottish standards should interface with and influence UK and international data ethics frameworks, codes and standards. Businesses should put in place robust internal or external governance frameworks, codes of conduct, training, Key Performance Indicators, and active customer and social dialogue. Businesses should share and learn from best practice wherever it is to be found. The […]

Enterprise Plans to Deploy AI

According to the report by MMC Ventures, AI is advancing across a broad front. Enterprises are using multiple types of AI application, with one in ten enterprises using ten or more. The most popular use cases are chatbots, process automation solutions and fraud analytics. Natural language and computer vision AI underpin many prevalent applications as […]

Impact of AI on life of UK

According to the report by Microsoft, AI is here. Whether that fills you with excitement, unease, or a combination of the two, there can be no denying that a new era of intelligent computing has begun – and is set to transform many aspects of our personal and professional lives. It’s already happening. From digital […]

Role of AI in Financial Services

Within financial services there have been many innovations that have changed traditional banking over time, reimagining the way the industry operates, as well as the nature of jobs. The financial services industry has a history of using quantitative methods and algorithms to support decision making. These are a foundation of AI systems, and the industry […]

Investments in AI Startups

Big companies are acquiring AI startups. Acquisitions are used by companies for strategical benefits such as access to a new market, products and services. Acquisitions also help companies to diversify their portfolios and to achieve economies of scale. Companies need to protect their market share and be competitive and with the help of acquisitions they […]