London, 29th March – The Government has announced its first AI whitepaper to revamp its approach to regulating AI technologies to build public trust and support the responsible use of one of the five technologies of tomorrow, while promoting innovation, growth and job creation.
AI contributed £3.7 billion to the UK economy in 2022 and the industry employed over 50,000 people. Britain already takes the lead over its European neighbours, being host to twice as many companies who provide AI products or services than other countries in the continent.
In a bid to win public trust, the government has provided a national blueprint for regulators to follow, including key principles such as safety, transparency and fairness, which will all support the responsible and ethical use of this revolutionary technology.
Artificial Intelligence is already showcasing the social and economic impact it can deliver for UK citizens from assisting doctors in identifying diseases to increasing the efficiency of how farmers use their land. The whitepaper aims to help unlock the potential of AI, across all sectors, with the hope of driving further economic growth.
Sridhar Iyengar, Managing Director Zoho Europe, commented:
“It is fantastic to see the government supporting the use of AI and understanding the potential it can bring to UK businesses and the economy. Part of increased AI adoption requires the demystification of its use cases and education on how businesses and staff can utilise this extremely useful business tool would help to achieve this.”
“AI can automate tasks and increase the efficiencies of business. For example, it can be used for fraud detection, forecasting and analysis as well as for improving customer service levels, enabling customer service bots to respond quicker to customer enquiries. AI has the potential to supercharge businesses and improve the services they offer to the public while saving organisations huge amounts of time and effort, freeing up humans for more complex tasks.”
“AI is already holding a presence in many businesses, automating tedious tasks and drawing together data insights. However, with the right support, the future of AI could be hugely impactful on areas including coding and software development. Artificial Intelligence has proven itself to be a useful tool for both businesses and individuals, and it is now it is time to take a universal approach to support its development, helping to drive both business and economic growth across the UK.”
Science, Innovation and Technology Secretary Michelle Donelan said: “AI has the potential to make Britain a smarter, healthier and happier place to live and work. Artificial intelligence is no longer the stuff of science fiction, the pace of AI development is staggering, so we need to have rules to make sure it is developed safely. Our new approach is based on strong principles so that people can trust businesses to unleash this technology of tomorrow.”