How businesses can embrace artificial intelligence, blockchain and the internet of things
With leading entrepreneurial talent, a competitive financial ecosystem and world-class research and development the UK has a golden opportunity to lead the way in unlocking the potential of new technologies and build upon its reputation as a renowned hub for disruptive innovation.
Artificial Intelligence, Blockchain and the Internet of Things are set to go mainstream
The CBI’s major innovation survey highlighted these game-changing innovations as the key technologies that will be transforming businesses in the next five years.
The Internet of Things unlocks big data. Artificial Intelligence solves problems. Blockchain changes how businesses exchange value. Companies of all sizes, in any sector and across the UK have the potential to benefit.
Technologies such as cloud were seen as niche a few years ago, now they have matured to underpin much of UK business infrastructure. The same potential is there for these cutting-edge innovations. However, while these technologies are in action now, limited adoption, regulatory hurdles and a lack of business understanding mean that the benefits of these innovations can be slow to benefit the wider UK economy.
The ambition for this report is to:
- Profile the potential of Artificial Intelligence, Blockchain and the Internet of Things and make them real for businesses
- Explore the tangible benefits of technology adoption and flag up the barriers harnessing new innovations
- Highlight specific recommendations to government to improve the development of these technologies and tips for businesses looking to adopt them