"Speaking at the Royal Television Society's conference in Cambridge, Clifford warned that sectors where Britain has clear strengths, such as life sciences, financial services and media, could lose their edge if firms remain slow to integrate AI. "We kid ourselves that, because we have some good tech firms, Britain is good at tech," he said. "The truth is we're probably the worst adopter of new technology in the developed world.""
"A government review earlier this year found that AI could add £47 billion annually to the UK economy over the next decade, boosting productivity by 1.5% each year if adopted widely and safely. Yet adoption remains patchy. Only 8% of manufacturers had deployed AI or machine learning, while most creative industry companies were considered too small to commit significant capital. In life sciences, limited access to high-quality health data has slowed innovation."
Britain risks losing competitive advantages in key sectors if businesses continue lagging in AI adoption. Sectors with strengths—life sciences, financial services and media—face declining competitiveness without faster integration. A government review estimated AI could add £47 billion annually and boost productivity by 1.5% yearly if widely and safely adopted, but uptake remains uneven. Only 8% of manufacturers have deployed AI, creative firms often lack scale for investment, and life sciences face limited access to high-quality health data. Main barriers include high upfront costs, workforce skill shortages, poor use-case information and regulatory uncertainty. Government targets workforce training and sector champions.
Read at Business Matters
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