Most UK businesses say data regulations are stifling AI innovation
Limited technological capabilities and poor access to data are preventing investment in AI
More than two thirds (70%) of UK businesses have stated that they need more information to help them navigate the complex legal requirements surrounding data collection, use, and sharing across systems that use artificial intelligence (AI).
Nearly half of the surveyed businesses (43%) stated that limited technological capabilities are preventing them from investing in AI, while just under a quarter (23%) of respondents cited difficulty in accessing quality data.
Commenting on today’s findings, CDEI interim chair Edwina Dunn said that “data and AI can help tackle some of the greatest challenges of our time”, yet “in order to achieve this, we need to overcome barriers to innovation”, which include poor quality data as well as risks of algorithmic bias.
“The CDEI is working in partnership with a range of organisations to help them overcome these barriers, mitigate risk and put high-level ethical principles - such as accountability and transparency - into practice. It’s practical work like this that will enable us to build greater public trust in how data and AI are used,” she added.
The UK’s minister for Technology, Chris Philp MP, said that data and AI can assist the UK in its economic and social recovery “as we look to build back better”.
How to manage AI risk
Recommendations from the Cyber Resilience Think TankFree download
“Understanding how we can best use technologies to address major shifts in labour markets and the ways that we work, deliver education or decarbonise our transport infrastructure, will be crucial to this mission,” he said, before adding that he looks forward to “working with organisations across the UK to address the barriers to innovation highlighted in the CDEI’s analysis, so that the UK can unlock the full potential of data and AI”.
Today’s findings are helping the CDEI and the Office for Artificial Intelligence in developing an upcoming AI Whitepaper that aims to assist businesses in ensuring that AI systems meet their regulatory obligations.
Last year, the CDEI found that a number of UK sectors may be unwilling to experiment and engage in AI-based innovation for fear of sustaining reputation damage, with CDEI chair Roger Taylor calling for more concerted government support and a clear national policy regarding the technology.
How virtual desktop infrastructure enables digital transformation
Challenges and benefits of VDIFree download
The Okta digital trust index
Exploring the human edge of trustFree download
Optimising workload placement in your hybrid cloud
Deliver increased IT agility with the cloudFree Download
Modernise endpoint protection and leave your legacy challenges behind
The risk of keeping your legacy endpoint security toolsDownload now