Book Description Technological breakthroughs relating to artificial intelligence has redefined business operations worldwide. For example, the ways in which data is captured, processed, and utilized to optimize customer interactions has grown by leaps and bounds. The change is redefining the structural dynamics of business strategy, economic theory, and management concepts. Leading technology companies around the world have expanded their research in artificial intelligence. With IBM's launch of Watson, a new cognitive era has started.

Approximately 70% of businesses could incorporate the use of AI technology in some way by 2030. These systems have already expanded enough to increase GDP of local economies by 16%. As the industry grows, AI will affect the economy from several angles: modifying the current job market, possible job elimination due to automation, innovating products and services, and increasing activity in the global marketplace.

The Big Innovation Centre and Deep Knowledge Analytics, in conjunction with the All Party Parliamentary Group on Artificial Intelligence, has released a new report examining the state of the artificial intelligence industry in the United Kingdom. The report is titled "Artificial Intelligence Industry in the UK 2018." The report was released on October 24, 2018. The report was written by Big Innovation Centre CEO Professor Birgitte Andersen and Deep Knowledge Analytics Co-founder Dmitry Kaminskiy. The report examines and profiles around one thousand companies, six hundred investors, and eighty identified influencers.