Services account for almost 80 per cent of the UK economy. As technologies like artificial intelligence and data analytics become ubiquitous, we need to ensure UK service sectors are primed.
Pioneer funding will help service industries to identify how the application of these technologies can transform their operations.
This will help to put UK service industries at the forefront of developing and using innovation.
A closer look at the services industry
Estimates put the services industry at almost 80% of the UK economy. This includes financial and professional services, which on their own employ 2.2 million and have a value of £190 billion.
With the advancement of technologies such as artificial intelligence and data analytics, there is an opportunity to make the industry more efficient, productive and globally competitive – and, importantly, able to provide the very best services to clients and customers.
The challenge now is to make sure the industry is primed for the future and that the UK leads this huge market opportunity.
Find out more about next generation services:
https://www.gov.uk/government/news/ne...
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ISCF Wave 2 - Next-generation services |
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| Science & Technology | Upload TimePublished on 27 Apr 2018 |
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