Study: UK Missing Out on £190bn Tech Market Due to Lack of Data Literacy, Falls Behind US & India for AI Maturity, Sample, 3k
The UK is falling behind the US and India and will miss out on a potential £190bn tech market unless a lack of data literacy is urgently addressed, according to new research by decision intelligence platform Peak.
Are you keen to look over the report and press release?
The study dives into the world of AI adoption amongst businesses of more than 100 staff from the UK, US and India and spoke with 3k decision makers from those companies.
The UK was slow to adopt AI. Only 20% of UK businesses adopted AI over six years ago – compared to 25% in India and 28% in the US
The UK languishes behind the US and India. India is the more mature market when it comes to measures of commercial AI readiness, scoring 64 (out of 100) on Peak’s DI maturity scale, while the US charts 52 and the UK just 44
Strong correlation between data literacy and AI maturity.The survey showed higher data literacy among Indian and US workers, whereas 98% of Indian and 81% of US workers said they have performed analysis at least once in their role, only 64% of UK said the same
UK businesses lack data-maturity. 48% say their business is data-driven compared to 81% of Indian workers and 69% in the US
Demand for data scientists has increased by 231% in the past five years. 50% of workers reported no training in data science despite this desperate need
Peak CEO Richard Potter is available to discuss the report findings and provide commentary on why the UK is falling behind and what needs to be done to make up ground to the US and India before it’s too late.