Almost nine in ten UK businesses to invest in AI by 2020

While just over a fifth of UK businesses have already invested in Artificial Intelligence (AI), more than eight in every ten executives will do so over the coming years. According to the latest analysis, half of all UK organisations will have sunk over £10 million into digital technology by 2020, as companies look to avoid being left by the wayside amid a period of major innovation. However, concerns regarding a digital skills shortage are hampering efforts to get the most out of AI. A new study from Deloitte has examined the opinions of 51 executives from the UK's most influential companies and public sector entities – worth a combined market value of £229 billion – regarding the implementation of AI in their businesses. The findings of Deloitte's Digital Disruption Index showed that 85% of the leaders responsible for digital technologies intend to invest in AI by the turn of the decade.