The new UK government has reshaped the UK's AI plans by announcing the cancellation of a £1.3 billion funding package earmarked for artificial intelligence (AI) and tech innovation. This decision has sparked significant debate and concern among industry leaders and stakeholders who had anticipated these funds would propel the UK to the forefront of technological advancements.
The funding was initially announced by the then-conservative government as part of November's Autumn statement. However, a spokesperson for the Department for Science, Innovation and Technology disclosed that the Labour government, which came into power in early July, was redistributing the funding. The spokesperson added:
"We are absolutely committed to building technology infrastructure that delivers growth and opportunity for people across the UK."
Building a Digital Future
Despite the funding cuts, the government remains committed to technological advancement. The DSIT spokesperson highlighted the launch of an AI Opportunities Action Plan, a promising initiative aimed at identifying ways to enhance computing infrastructure and support the new industrial strategy. Public sector organisations must adapt and find ways to stay ahead of the curve to meet and surpass ever-evolving digital expectations and solidify the UK's position as a global hub for AI technology.
Action Plan to ensure the UK reaps the benefits of AI
UK Science Secretary Peter Kyle has commissioned an Action Plan to identify how AI can drive economic growth. This plan, which is of paramount importance, focuses on developing a scalable and competitive UK AI sector. It aims to increase the adoption of AI technology across all parts of the economy, considering the necessary infrastructure, talent, and data access required for both public and private sectors. The plan is crucial for enhancing productivity and kickstarting economic growth. According to estimates from the International Monetary Fund (IMF), while the total economic impact depends on the broader development and adoption of AI, the UK could eventually see productivity gains of up to 1.5 per cent annually. This gradual but significant improvement underscores the plan's importance in driving the country's future economic success.
How can CloudSource help?
Organisations now face immense pressure to remain at the forefront of technological advancements and meet today's ever-evolving digital expectations despite the recent changes imposed by the new government. This necessitates a revision of their strategies and roadmaps. In these challenging times, partners like CloudSource can provide crucial support.
CloudSource offers a path forward for organisations navigating these AI challenges by providing expert guidance on responsible AI transformation and innovation within constraints.
We exist to empower businesses by combining Microsoft’s top-tier Cloud Technology with CloudSource’s deep-seated expertise in public sector leadership.
If you want to discuss how we can assist you on your responsible AI journey or learn more about our AI Ignite Catalyst Programme, please email us or submit an inquiry via our contact page.
Email: ozlem.kilavuz@cloudsource.uk.com Teams: +44 (0)1156 782 043
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