UK firms leading the way in AI investment

Nearly all of the UK's core industries is set to invest heavily into artificial intelligence (AI) in the coming years, but they will also invest in the human workforce and don't expect a significant reduction in headcount as a result of AI investments. This is according to a new international study conducted by IFS. Polling 600 enterprise decision-makers, the report states that 99 per cent of UK's respondents confirmed plans to invest in AI. This puts the UK firmly ahead of North America and the rest of Europe and puts it on course to becoming an AI powerhouse. For Enterprise Resource Planning (ERP), Enterprise Asset Management (EAM), and Field Service Management (FSM) industries, AI would be used to increase the productivity among the current workforce (60 per cent), and to add extra value to products and services (48 per cent).