Artificial Intelligence

AI Growth and Adoption in the UK 2023

Written By : Harshini Chakka

Many industries have used AI use cases, Explore the AI growth and AI adoption in the UK in 2023

The rapidly expanding field of artificial intelligence could transform many aspects of our lives.

We examine how the adoption of AI is altering the UK, given that the technology powers everything from medical diagnostic tools to self-driving cars. In the UK, AI adoption and AI growth are:

  • According to the US International Trade Administration, the AI marketin the UK is worth more than £16.9 billion and is expected to grow to £803.7 billion by 2035.
  • Over the past ten years, 688 percent more AI companies have been in the UK.
  • According to government research, 432,000 businesses in the UK have adopted at least one AI technology. That's one in six businesses.
  • At least one AI technology has been implemented by 68% of large companies, 34% of medium-sized companies, and 15% of small businesses.
  • Marks & Spencer reported an 80% decrease in warehouse accidents following a 10-week trial of computer vision technology.
  • According to data provided by the government, the areas in which artificial intelligence (AI) solutions are most commonly implemented in the United Kingdom include data management and analysis (9%), natural language processing and generation (8%), machine learning (7%), AI hardware (5%), and image processing and generation (5%).
  • The adoption rate of AI is highest in the IT and telecommunications sector, at 29.5%, closely followed by the legal sector, at 29.2%. The hospitality, health, and retail adoption rates are the lowest, at around 11.5%.

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