UK companies plan to increase AI spending

Quick Summary:

The report, from analytics database company Exasol, finds UK organizations expect to prioritize AI implementation through larger data and analytics budget increases over the next two to three years in the retail (+48 percent) and healthcare sectors (+100 percent).

According to a new report, UK companies are prioritizing AI, with larger expected budget increases than in the US and Germany, and 90 percent considering AI a critical topic.

Significant increases in data volumes are also expected across the retail (+59 percent), healthcare (+93 percent) and financial services sectors (+54 percent) over the same period.

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Article Details

Author / Journalist: Ian Barker

Category: Technology

Markets: United StatesGermany

Topics: Article Analytics Big Data UK Budget Artificial Intelligence (AI)

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-24 @ 13:00:16 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: betanews.com

Language: English

Article Length: 385 words

Reading Time: 3 minutes read

Sentences: 15 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BetaNews

News ID: 21367582

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