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Two-thirds of Businesses lack Skills to Adopt AI

Two-thirds of Businesses lack Skills to Adopt AI

Despite the growth of AI only a third of businesses say they have the necessary skills to adopt the technology.

A study by the CBI has found only a third of firms believe they have the skills and capabilities needed to adopt AI, despite 49% of businesses saying it will completely transform their industry or market.

It’s not just the technology industry that’s suffering from the skills gap.According to the study, more than 40% of people do not have the digital skills needed for most jobs (are these tech jobs?) and digitally skilled-up employees are also in demand for non-tech roles across all sectors.

CBI Deputy Director-General, Josh Hardie believes the UK should be a leader in technology adoption but a lack of skills or other factors can often leave firms lagging behind.

He said: “Gene editing, space tourism, self-driving vehicles, robotic limbs, floating farms, London to Sydney in four hours – innovations like these will shape the course of the next decade and many will improve lives across the globe. It’s up to business, government and employee groups to make sure the UK economy leads from the front.”

Blockchain and the Internet of Things (IoT) are predicted to be the most adopted technologies within businesses over the next five years, with 11% of firms thinking blockchain is already affecting the sector. 

Concerns around data security and a lack of digital skills can put off some firms from adopting new technology.

Minister of state for digital, Matt Hancock, said: “Alongside our independent review into artificial intelligence last week, our ambitions are aligned on the need to embrace the opportunities of the digital revolution.“In our manifesto, we committed to establishing a data use and ethics body, which would work with industry to answer some of the vital questions on the impact of big data and artificial intelligence, and so create the right conditions for digital businesses to thrive.”

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