20+ Artificial Intelligence Statistics that Bring You Closer to the Future

From healthcare to finance, AI is slowly but surely getting incorporated into every field of our lives.

But have you ever wondered where the UK stands when it comes to AI or how it has changed the UK healthcare system?

If you are interested in finding out more about artificial intelligence in the UK, we’ve prepared a collection of fascinating AI stats for you. So, let’s jump right in.

Top Ten Fascinating Facts About AI in the UK

  • 47% of Brits know what AI is but don’t use it.
  • The total net worth of the UK’s AI sector is £15.6 billion.
  • AI usage increased by 8% in the UK’s healthcare sector in 2019.
  • 14% of British retailers use AI technologies.  
  • AI could add an estimated £630 billion to the UK economy.
  • Start-up companies contribute the most to the AI market size.
  • The leading AI startups in the UK have raised total funding of £57.8 million.
  • The AI Sector Deal aims to boost R&D spending to 2.4% of GDP by 2027.
  • The average pay for AI jobs is £44,968 per year.
  • More than half of the NHS trusts invest in AI technology.

Artificial Intelligence Usage Statistics

1. 47% of Brits know what AI is but don’t use it.

(KPMG)

According to a KPMG survey, nearly half of Brits don’t use artificial intelligence but know what it is. 12% of them know what AI is and use it regularly, while 4% have never even heard of AI.

Interestingly, 81% of the ‘aware’ users think that AI is all about robots, whereas 6% associate it with Google search.  

2. Great Britain ranks second in AI readiness.

(Oxford Insights)

AI facts and figures for 2020 show that the UK’s artificial intelligence readiness is in second place globally, behind the US. The UK’s AI adaptability is close to 68%. 

Finland and Germany hold third and fourth place, respectively, and are not that far behind the UK.

3. The total net worth of the UK’s AI sector is £15.6 billion.

(The Data City)

Data on the AI sector’s value indicates that 38% of the AI companies in the UK have a net worth of £0 or less, while 16% have less than £15,000.

At the same time, a small part of the companies (12%) has a net worth of more than £1 million.

4. Less than half of the AI companies have 2–9 employees.

(The Data City)

The latest information about artificial intelligence entrepreneurship shows that one-fifth of the UK’s AI companies consist of a single person. In contrast, around 3% of companies employ more than 250 people.

5. London has the largest share of AI companies.

(The Data City)

For the most part, AI businesses settle in big cities. In 2020, more than 1,500 companies were situated in London. London has also been named the AI European capital.

Cities like Reading, Cambridge, and Manchester had 193, 110, and 96 AI companies, respectively.

6. Who manages AI companies in the UK?

(Tech Nation) (Nesta) (Diginomica)

Recent reports indicate that nearly half of the 29 leading AI companies have at least one woman as a co-founder. One-tenth of AI workers are women. What’s more, 24% of these companies have a female CEO, and British women co-author around 27% of published AI research papers.

Artificial Intelligence Statistics by Sectors

7. What is AI used for today in Great Britain?

(Tech Nation)

The UK leads with AI in the healthcare sector. In 2019, a study of 29 companies revealed that 17% of them are involved in healthtech. AI companies are also serving sectors like mobility (14%), marketing and advertising (10%), and retail (6%).

8. Startup companies account for 89% of the UK’s AI ecosystem.

(InformationAge)

The UK’s AI ecosystem primarily consists of startup companies with 50 or fewer employees. By contrast, more than half of companies have over 50 workers in the Chinese AI ecosystem.

9. AI usage increased by 8% in 2019 in the UK’s healthcare sector.

(HealthEuropa)

According to a recent study, nearly half of the leading healthcare companies are using AI in their work process. 

One worrying finding is that 96% of the healthcare workers said that they weren’t consulted before the implementation of AI by their employer, while 69% still haven’t finished their AI training.

10. 56% of UK companies use AI technologies.  

(Microsoft)

According to a survey by Microsoft, more than a third of companies are open to new AI technologies. AI in business is primarily used for analytics and big data technologies (38%). A significant part of companies also uses AI in machine learning (25%), voice recognition (21%), and research (12%).

11. 14% of British retailers use AI technologies.   

(Statista) (FashionNetwork)

Retail and e-commerce statistics indicate that in 2019, 83% of retailers used AI technologies in e-commerce. AI has also been implemented in warehouse stock management (57%) and warehousing robotics (47%).

12. The time spent categorizing samples in AstraZeneca was reduced by 50% using AI.

(Wired) (AstraZeneca)

Research shows that by using AI, AstraZeneca managed to decrease the time spent organizing and labelling samples by half. Furthermore, the company is developing AI systems aimed at cutting back pathology analysis time by 30%.

13. There are close to 4,200 biotech companies in the UK.

(UK Biotech Database)

According to the UK Biotech Database, the leading sector of the biotech industry is professional services and consulting with over 800 companies or around 20% of total companies in the industry. Next on the list are supplier and engineering (16.5%), biotechnology R&D services (16.2%), and public or non-profit organizations (11.9%).

AI Growth and Future Trends

14. AI could add an estimated value of £630 billion to the UK economy.

(GOV.UK) (Diginomica)

Artificial intelligence growth statistics reveal that using AI technologies would benefit the UK economy by adding more than £600 billion in value by 2035. What’s more, AI would make savings of up to 25% and improve productivity by 30% in certain industries.

15. The regional AI impact will increase GDP by at least 5% by 2030.

(PwC)

Recent future of AI statistics predict that in England, AI usage will add £204.5 billion by 2030, increasing GDP by 10.6%. Scotland, Northern Ireland, and Wales are expected to gain £16.7 billion, £2.6 billion, and £7.9 billion, respectively.

16. One of the major issues with AI in the UK is the availability of data.

(NIBusinessInfo) (Bernard Marr & Co.)

Artificial intelligence statistics in 2021 indicate that the main challenge that the AI industry needs to tackle is access to data. What’s more, AI in healthcare needs to focus more on patients’ data privacy. Other issues for the sector are a skills shortage and the high cost of AI technology.

AI and Voice Assistants in the UK

17. 57% of UK consumers know about chatbots.

(Ubisend) (Business Insider)

Data on chatbot usage shows that 69% of the consumers would chat with a virtual assistant before making contact with a human. However, 75% of the consumers haven’t used a chatbot yet.

18. 77% of retailers use chatbots for customer service.

(Business Insider) (Statista)

Chatbots can help companies with the messages they get from clients—21% of the customers believe it’s easiest to get in touch with companies through a chatbot.

What’s more, over 20% of the surveyed Brits would consider buying something from the company through a chatbot and would be willing to spend an average of £315.

19. The UK voice search market is projected to be worth £3.5 billion by 2022.

(Clear)

About 6.6 million Brits own a virtual assistant device, and nearly 5 million of them use it daily. 8% of UK households own at least one Amazon Echo, while 2% own a Google Home assistant.

20. 84% of Brits use virtual assistants for listening to music.  

(GOV.UK) (Voicebot)

A recent report suggests that most Brits use their AI-powered voice assistants to listen to music. Another survey reveals these assistants are used as an egg timer by 24% of respondents and for news and weather reports by 61%.

UK’s AI industry Statistics

21. British AI companies’ venture capital increased to $1.3 billion.

(Tech Nation)

According to a recent report, UK AI companies raised a total capital of around $1.3 billion in 2018. In comparison, AI companies in France and Germany raised $400 million and $300 million, respectively.

22. Start-ups significantly contribute to AI market size growth.

(OMR Industry Journal)

The British AI market is expected to increase at a cumulative annual growth rate of 35.9% in the next six years. The growing number of AI start-ups and the adoption of AI in healthcare, finance, and business services are crucial for the growth of AI in the UK.  

23. Leading AI companies in the UK raised a total funding of £57.8 million.

(Tech Nation)

Figures on start-up funding reveal that 29 of the most successful companies in the UK raised a total of over £57 million in 2019. LocalGlobe, Entrepreneur First, IQ Capital, Pentech, and SpeedInvest were the top companies that invested in these startups.

UK Government Investments in AI

24. The AI Sector Deal aims to boost R&D spending to 2.4% of GDP by 2027.

(GOV.UK)

The UK’s AI strategy is expected to raise the R&D credit tax rate to 12%. In addition, the government plans to invest £406 million more to address the shortage of STEM skills and boost GDP growth.

25. The British government invested £1 billion in AI technology.

(Diginomica)

With the launch of the AI Sector Deal, the UK government made an investment of roughly £1 billion in AI, AI investment statistics reveal. £300 million of that came from public funding and £700 million from academic and industrial associations.

The Impacts of AI

26. What percentage of careers are affected by artificial intelligence?

(BBC)

The latest information on AI’s impact on jobs from the Office for National Statistics tells us that:

  • 7.4% of the 20 million jobs included in the analysis were at great risk of replacement.
  • Women held 70% of the jobs, which may be strongly affected by AI.
  • Waiters, shelf fillers, and elementary sales positions were at the highest risk of mass unemployment, while the legal sector was the least affected by automation.

27. The average pay for AI jobs is £44,968 per year.

(Glassdoor)

The average pay per year for senior leadership roles is around £84,000, whereas student internships’ pay was approximately £25,000. AI jobs pay was 1.6 times higher than the UK’s average salary of £28,450.

28. Around half of NHS trusts are investing in AI.

(Bernard Marr & Co.) (KPMG)

Brits seem to be aware of the potential artificial intelligence benefits to society. 53% think that AI technology would have a positive influence on the NHS, while 10% of them take the opposite stance. Interestingly, more than half of Brits would trust AI with their personal data.

Conclusion

AI adoption is definitely on an upward trajectory in more than a few sectors and industries. What’s more, reports and analyses point to accelerating future growth. 

We hope our carefully curated list of AI stats gave you the insights you were looking for about this groundbreaking technology.

Related Posts

Leave a Reply

Your email address will not be published. Required fields are marked *