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AI is hitting UK harder than other big economies, study finds

The Guardian

British businesses reported an average 11.5% increase in productivity thanks to AI, the study found. British businesses reported an average 11.5% increase in productivity thanks to AI, the study found. The UK is losing more jobs than it is creating because of artificial intelligence and is being hit harder than rival large economies, new research suggests. British companies reported that AI had resulted in net job losses over the past 12 months, down 8% - the highest rate among other leading economies including the US, Japan, Germany and Australia, according to a study by the investment bank Morgan Stanley. The research, which was shared with Bloomberg, surveyed companies using AI for at least a year across five industries: consumer staples and retail, real estate, transport, healthcare equipment and cars.


British employees are sabotaging workplace robots over fears the machines will take their jobs

Daily Mail - Science & tech

UK workers are sabotaging and assaulting workplace robots in an attempt to stop them taking their jobs, finds study. But for some manual workers they have found their own ways of stopping the robots' rise to world domination - by confusing them. The study by De Montfort University in Leicester which looked into the use of robotics in healthcare concluded that UK workers are particularly apposed to the introduction of the intelligent machines into the work place. Compared to Norway where the study found co-working robots are often given affectionate names and welcomed. Jonathan Payne, Professor of Work, Employment and Skills, said: 'We heard stories of workers standing in the way of robots, and minor acts of sabotage - and not playing along with them.' Adding: 'The UK seems to have a problem with diffusion and take-up of technology.'


Why artificial intelligence is the game-changer for SMEs

#artificialintelligence

British businesses are looking forward to a future driven by artificial intelligence (AI), which many believe could be the keystone technology of the next industrial revolution. However, many workers worry that their employers may not be ready to seize the opportunity. Almost half of IT decision makers (45pc) believe that AI will drive the biggest innovations of the next three years, according to a survey conducted by YouGov on behalf of Brother UK and The Telegraph. Melissa Di Donato, chief revenue officer at SAP Cloud ERP, says this should come as no surprise: "Once in a generation a disruptive technology arrives and changes everything. For this generation, it is artificial intelligence. "The real risk UK businesses face is not embracing AI and the productivity benefits it can provide." Respondents believed that AI was more important than other "buzz" technologies such as the internet of things (24pc), and virtual reality or VR and augmented reality or AR (16pc). In part, that could be because the direct links to increased efficiency and productivity are clearer, whereas VR and AR usage remains contingent on the devices needed to experience them. Artificial intelligence will enable British businesses to save trillions, according to Kriti Sharma, VP of bots and artificial intelligence at Sage. "Businesses in the UK spend on average 120 days a year on administration," she says. "This has a huge impact on productivity.