Goto

Collaborating Authors

 ai and data analytic project


UK government invests £13M in 40 AI and data analytics projects

#artificialintelligence

The UK government will invest some £13 million in 40 projects involving artificial intelligence (AI) and data analytics in an attempt to boost the UK accountancy, insurance and legal services industries. One of the projects will develop breakthrough artificial intelligence technology for the anti-fraud sector. Intelligent Voice, Strenuus and the University of East London will combine AI and voice recognition technology to detect and interpret emotion and linguistics to assess the credibility of insurance claims. Other examples include: an online "bot" which will use artificial intelligence to provide quick answers to legal questions online; an analysis tool which looks at images collected by drones to assess flood-damaged areas, using a 3D image recognition system to evaluate flood extent and depth alongside impacts on buildings and infrastructure to help with insurance claim assessments; and artificial intelligence software that will analyse accounting data and suggest ways for businesses to cut expenditure, suggesting new deals on gas, water and electricity bills. The projects are part of the Next Generation Services Industrial Strategy Challenge Fund.