The UK has been named as the world’s best prepared country for Artificial Intelligence (A.I) and high-tech industries by a report from the Oxford Insights Team. This follows the welcome news from the Autumn Budget that the government is investing £500m in a range of technology initiatives, from driverless cars to 5G mobile networks. In total the Chancellor announced a further £20 billion of investment over the next 10 years to innovative start-up businesses with high-growth potential.
This investment is crucial to unlock the potential of businesses bringing to life ideas that will ensure the UK economy is fit for the future. These new technologies not only have the potential to change the way we live and work, but also improve living standards, boost wages and productivity and create jobs.