Artificial intelligence (AI)
There are many applications of AI today in various fields, from medicine to manufacturing. The UK is Europe's AI powerhouse, home to one-third of European AI start-ups, twice as many as any other European country.
There are now over 1,300 of her AI companies in the UK, a 600% increase in the number of companies over the past decade, with combined turnover of around £1.47 billion. Over the past decade, venture capital investments have grown from his £88.4m to his over £1.47bn. UK Deep's investment in tech continues to grow, with £2.3bn invested in 2020, up 291% over the past five years.
Robotics and autonomous systems (RAS)
Based on current adoption trends, the overall economic impact of RAS deployment in UK industry is estimated to be £6.4 billion by 2035. With the advent of mobile robots, significant growth is projected over the next decade, with a projected compound annual growth rate of 40% from 2020 to 2030. His entire RAS market in the UK is expected to be worth £3.5bn by 2030.
R&D capability:
The UK R&D scene is thriving. British research on artificial intelligence (AI) has his third highest per capita citation rate for AI publications in the world. The Alan Turing Institute is the UK's National Center for AI and Data Science and partners with 13 of the UK's most internationally renowned universities in AI research and development. In September 2021, the UK Government announced its National AI Strategy, which includes long-term plans for increased investment to increase the frequency and scale of AI discovery in the UK. The UK has 19 universities, recognized as academic centers of excellence in cybersecurity research and accredited by the National Cybersecurity. Each center has a track record of effective cybersecurity research published in leading peer-reviewed journals and conferences worldwide. The UK Robotics and Autonomous Systems (UK-RAS) network coordinates collaboration and provides academic leadership in the broader robotics industry. Its members include world-class institutions such as the University of Cambridge and Imperial College London.
Business and government support:
Support is available in the form of knowledge transfer partnerships. It is available to UK-based businesses of all sizes. The partnership is provided by UK Research and Innovation, awarding grants to support innovation, growth and development of companies, and connecting companies and academic partners to tackle innovation challenges.
The Science and Technology Facilities Council (STFC) drives innovation in the technology sector by bridging the gap between business and breakthrough science. We support technology startups by offering incubator programs and providing access to facilities, expertise and networking events.
Case studies:
Gloucester-based CKF is an established robotic and automation solutions provider with a reputation for delivering systems to the manufacturing industry, within the UK and internationally, for over 30 years. Its experience, founded in the food industry, has been successfully transferred across a wide range of industries.
Customers include Muller and Jaguar Land Rover.
Liberty Global Inc/Virgin Media:
The company's Project Lightning is the largest single private investment in the digital fabric of the UK and Ireland. This is his £3bn investment in his UK broadband infrastructure. The company aims to introduce next-generation gigabit broadband connectivity across its network of 15 million buildings in 2022.
SambaNova:
AI innovation startup Systems has announced its expansion into the EMEA market in 2020. This is in response to the growing global demand for AI solutions. London has been chosen as the base for further business development in EMEA and the UK.
Klarna:
Swedish fintech company Klarna, a global leader in banking and payment services, has reaffirmed its commitment to the UK with a new headquarters in London.
This follows a year of substantial growth, with the company being valued at £23.3 billion, serving 14 million consumers and 13,000 retailers across the UK.
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