Member report (Automated Analytics): AI adoption is key to boosting UK competitiveness, not job losses

The question of AI is quite simply everywhere. Indeed, it is easily forgotten that AI has been around since the 1950s, but our awareness has increased in recent years due to technological advancement in computing, enabling its capabilities to advance significantly.

Automated Analytics has published a report titled Unlocking Data, Unlocking People and challenges the widespread fear that Artificial Intelligence (AI) will lead to mass job losses. Contrary to popular belief, the study reveals that none of their 5,000 clients across the UK and US who adopted AI solutions reported layoffs due to AI, highlighting that AI can be a catalyst for growth, not a threat to jobs. The findings underscore the need for UK businesses to overcome their cautious approach to AI, or risk falling behind US competitors who are rapidly advancing with AI adoption.

UK at risk of falling behind in AI revolution

Despite the evidence refuting the myth that AI will cause widespread unemployment, a YouGov survey commissioned by Automated Analytics reveals that UK business leaders remain hesitant. Over half of senior decision-makers surveyed still believe AI will eliminate more jobs than it creates, while only 17% expect job creation to outpace job losses.

This reluctance could spell trouble for the UK economy. Our white paper warns that without greater AI adoption, UK businesses may lose their competitive edge to more aggressive US firms. Automated Analytics believe the UK must shift its focus from regulation to innovation to avoid being left behind in the AI revolution.

UK businesses must accelerate their AI adoption to avoid losing ground in the global market. The white paper serves as a clarion call for companies to embrace AI as a vital tool for innovation and competitiveness.

Real-world Success Stories: AI driving efficiency and growth

Automated Analytics has a proven track record of helping businesses unlock significant efficiencies through AI. The white paper highlights several success stories:

British Gas’ Dyno-Rod: By implementing AI to better understand customer journeys, service calls were halved, and franchise operations achieved 100% visibility.

Pizza Hut (US): AI solutions reduced recruitment costs by $1 million and increased hires by 42% for the fourth-largest US franchisee, Restaurant Management Group.

Fourth (UK): The hospitality recruitment firm used AI-driven TalentTrack to achieve a 220% increase in talent flow and drastically reduce cost per application in just 30 days.

Since 2023, Automated Analytics has delivered over £33 million in savings to its global client base, including household names like KFC, Hamptons Estate Agents, and Europcar.

AI is a force for good

AI’s potential far outweighs the risks. AI is not about replacing jobs; it’s about enhancing productivity and creating new opportunities. The UK cannot afford to lag behind in this critical area. The US is leading the charge in AI adoption, while the UK remains overly focused on regulation. This white paper demonstrates that many fears surrounding AI are unfounded and that it can play a crucial role in driving the UK’s economic growth.

Download the white paper Unlocking Data, Unlocking People, here.

techUK - Putting AI into Action

techUK’s Putting AI into Action campaign serves as a one stop shop for showcasing the opportunities and benefits of AI adoption across sectors and markets.

During this campaign, techUK will run a regular drumbeat of activity, including events, reports, and insights, to demonstrate some of the most significant opportunities for AI adoption in 2024, as well as working with key stakeholders to identify and address current barriers to adoption.

Visit our AI Adoption Hub to learn more, or find our latest activity below.