British companies spent almost £ 236,000 each on artificial intelligence (AI) in the last year while looking to advance in the race to adopt the new technology, according to a report.
The latest survey of the Barclays commercial prosperity index found that large companies with more than 250 workers invested more, to an average of £ 400,000 in AI and emerging technologies in the last 12 months, compared to £ 225,500 of medium -sized companies and £ 125,250 of small businesses.
More than two thirds, 68%, of all companies also seek to increase this expense in next year, since the AI revolution shows signs of deceleration.
Budget “Data-Source =” Barclays “>
The 1,000 decision makers survey in companies discovered that almost nine out of 10 companies resort to AI to solve key commercial problems, such as energy and infrastructure costs, and 32% have already hired or currently hiring for ROLS focused on AI and 42% plan to do it.
Far from AI, companies generally plan to increase investment by 5.5% in next year, which increases from 3.8% in the first quarter, in areas such as training and development of personnel, digital offers and research and development (R&D).
But more than half of the companies surveyed (55%) in a separate survey of Barclays last month said they are delaying investment decisions until after the autumn budget, which has now been confirmed for November 26.
While the budget is putting the expense on hold, the report suggests that this will be temporary, with 43% who expects to increase investment in the back.
Matt Hammerstein, executive director of Barclays UK Corporate Banking, said: “It is encouraging to see an intention to invest in the United Kingdom companies, and many make it action.”
“Our research suggests that AI is becoming a key tool to boost innovation, encourage investment and improve productivity creation and generate confidence in the United Kingdom as a global business center,” he added.
ICE investment decisions include facilities improvements; R&D, new equipment, machinery or vehicles; and staff training, according to the report.
He showed that commercial tax cuts are more important in the budget desire list, with 45% that requested reductions.
Two out of three (65%) of respondents say that investment incentives in the budget would also increase confidence, while 63% say this would increase by measures to reduce regulatory load.
