An overwhelming 85% of senior executives plan to invest in artificial intelligence (AI) and the internet of things (IoT) by 2020, according to a new survey of UK by Deloitte. This year alone, 30% of UK organisations will invest more than £10 million in technologies such as AI, cloud, robotics, blockchain, analytics, the IoT, and virtual and augmented reality.
Of all of the digital technologies surveyed, executives believe AI will have the biggest impact on their organisations in the future. 77% of leaders expect AI to disrupt their industries. Paul Thompson, UK digital transformation leader at Deloitte, added: “AI will have a profound impact on the future of work. Our view is that human and machine intelligence complement each other, and that AI should not simply be seen as a substitute. Humans working with AI will achieve better outcomes than AI alone, and UK businesses need to get this careful balance right.”
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