The UK economy has experienced sluggish growth for years, but the country has a unique opportunity to use recent advances in AI to reinvent itself as an economic powerhouse driven by digital innovation and detached from EU dependencies. To seize this opportunity, the UK should adopt bold, forward-thinking policies around digital transformation and artificial intelligence (AI) that will allow the UK to drive economic growth.
The following recommendations outline a path forward. The new government should:
- take a light-touch approach to AI regulation;
- unlock data;
- address the digital skills gap by aligning training and education with industry needs;
- use government funding to support research and development (R&D) commercialisation; and
- support the digital transformation of the public sector.