Closing the AI skills gap is an £80 billion opportunity
Smart use of AI could add £80bn in productivity gains to the British economy by 2035, but too few businesses have the workforce to deploy it effectively, says Steve Rigby The daily AI discourse moves between a few regular topics: eye-watering investment in frontier models, soaring compute costs, crippling cyberattacks and the unknowable impact of [...]
The AI skills gap in the UK could become an £80 billion opportunity for businesses by 2035, according to a report by the Learning & Work Institute and the Rigby Foundation. However, many companies lack the workforce needed to deploy AI effectively, with only 18% of UK employers using the technology extensively. The UK's workforce does not have the skills to adopt and scale AI technologies successfully, and this presents a major obstacle to the £80 billion economic potential.
The UK workforce is primarily made up of knowledge-intensive sectors like professional services, finance, and creative industries, which have historically led the way. To realize this economic prize, businesses must modernize their internal capabilities, while the government must reform technical education and incentivize skills investment.
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