UK businesses must embrace AI and automation or risk being left behind – PwC LLP

As the fourth industrial revolution gathers pace, business leaders need to start addressing how AI and automation will impact their business and workforce. Emerging technologies are fundamentally disrupting how we live and work, and their future impact cannot be ignored. Only half of UK CEOs are currently addressing the impact of artificial intelligence (AI) or automation on their organisation, according to PwC's 20th CEO Survey, published at the World Economic Forum in Davos. This puts the UK behind countries such as Germany, the US and China in responding to how emerging technologies will redefine businesses. Only just over a quarter of UK bosses say they are considering the impact of AI on their future skills needs, compared to almost 40% of CEOs worldwide.