🚀 AI is the talk of the town, but UK businesses are still waiting for it to pay off. A new study by Red Hat reveals that 89% of British businesses haven’t seen any boost in customer value from their AI investments. But don’t expect them to pump the brakes anytime soon – businesses are planning to increase their AI spending by a whopping 32% by 2026.
🌍 Despite the lack of immediate returns, there’s a lot of optimism about the UK’s AI potential. Four in five survey respondents believe the UK could become a global AI powerhouse in the next three years. The government is doing its part, investing in AI safety platforms, ‘growth zones’, and data centers across the country.
🛑 While AI is a top priority, it’s not without its challenges. Almost all respondents faced barriers to AI adoption, with high implementation costs (34%), security and data privacy concerns (30%), and integration difficulties (28%) leading the pack. Sourcing and nurturing AI talent is also a major hurdle, with 55% of respondents citing it as their most urgent skills gap.
💡 “Organizations are investing heavily in AI, but few are delivering customer value,” says Joanna Hodgson, UK Country Manager at Red Hat. “To truly benefit from AI, businesses need to focus on integrating it with their enterprise systems and building enterprise knowledge.”
📈 Stay tuned to TechRadar for more on AI’s impact on businesses and how to make the most of this transformative technology. And if you’re into data, AI website builders, or enterprise software, we’ve got you covered too! 🤖💻📊
