The UK Could Save £200bn Through AI Adoption, New Study Finds
A recent study by Public First and Google as part of the AI Works initiative has revealed that the UK stands to save £200bn if the workforce embraces artificial intelligence (AI) to enhance productivity.
The research involved conducting pilots to assess the productivity improvements achievable through AI implementation in the workplace. Workers who participated in the pilots reported significant gains in productivity after just a few hours of training. The study indicated that AI usage among trade union members tripled and doubled among small businesses and teachers, leading to potential growth opportunities for the UK.
Public First’s modeling demonstrated that a minimal investment in training could result in a remarkable 10:1 return. This contrasts with previous initiatives like the Lifetime Skills Guarantee, which only yielded a 1:2 return according to Google and Public First.
The pilot programs were conducted in collaboration with educational multi-academy trusts, Enterprise Nation’s network of small businesses, and Community Union. The study involved 1,700 participants from various sectors and organizations, showcasing how AI training can reshape perspectives on the technology’s societal role.
Enhanced workplace adoption of AI is expected to positively influence public sentiment towards AI and its evolving role in society. Participants noted that hands-on experience with AI applications empowered them to integrate the technology into their daily routines with confidence.
Earlier this year, the government unveiled an AI opportunities action plan aimed at revolutionizing public services. Prime Minister Keir Starmer emphasized the need for proactive government support to harness the transformative potential of AI and secure a competitive edge in the global landscape.
Commenting on the AI Works initiative, Secretary of State for Science, Innovation, and Technology Peter Kyle highlighted the government’s commitment to equipping workers with the necessary skills to thrive in an AI-driven environment.
Improving Confidence
While the study showed significant improvements in AI confidence and adoption post-training, certain barriers to adoption remain. Concerns include organizational support for AI use and uncertainties about employers’ expectations regarding AI tools utilization.
Despite the positive impact of AI on productivity, some individuals fear potential job displacement due to automation. Trade Union Congress (TUC) General Secretary Paul Nowak stressed the importance of involving workers and unions in AI implementation to ensure a fair distribution of benefits.
Developing Know-How
Workers seek clear guidelines on AI usage and are encouraged to have explicit permissions in place. The study recommends that businesses and public sector leaders establish policies outlining permissible AI tools usage. Additionally, Skills England should introduce an accreditation system for modular training to facilitate skill development in AI.
The AI Works initiative proposes funding mechanisms to enable workers to access training courses, aligning with the government’s lifelong skills program. This initiative aims to equip individuals with the skills needed to leverage AI effectively in the workforce.
