UK businesses have ambitious plans when it comes to cutting-edge technologies; the new CBI member guide reveals how to make the most of them.
CBI / Accenture research reveals that technology investment is shifting up a gear. Next on businesses’ investment horizon are technologies at the cutting edge of innovation: distributed ledger technology (DLT) like blockchain, artificial intelligence (AI), and quantum computing.
All three of these technologies have the potential to transform how we do business. AI in particular already is: the technology has been embedded by 33% of businesses, and is changing the game from sectors like law, where it’s improving how millions of documents are analysed, to the financial services, where it’s helping to combat increasingly sophisticated money laundering and fraud threats.
But cutting-edge tech isn’t a universal answer. It can be hard to separate the hype from the reality and work out whether you would really benefit from familiar or emerging technologies. What’s more, successful technology adoption doesn’t rely on just technology: it also requires factors like involving employees in innovation or understanding
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