A list of the industries investing the most money in to Artificial Intelligence (AI) has been compiled with agriculture taking the top spot.
These results were taken from the report ‘Harnessing the Power of AI: The Demand for Future Skills’ which was compiled by Robert Walters, a global recruiter and Vacancy Soft, a market analysis expert.
The report also stated that the uptake of AI, will create 133 million new jobs globally. However, within the UK, 10.5 million jobs will become automated.
Top industries investing in AI
- Business Support
- Customer Experience
- Intellectual Property
- IT Service Management
- Technical Support
- Software Development
Ollie Sexton, principal at Robert Walters said:
As businesses become ever more reliant on AI, there is an increasing amount of pressure on the processes of data capture and integration. As a result, we have seen an unprecedented number of roles being created with data skill-set at their core.
Our job force cannot afford to not get to grips with data and digitalisation. Since 2015 the volume of data created worldwide has more than doubled – increasing (on average) by 28 per cent year-on-year.
Now is the perfect time to start honing UK talent for the next generation of AI-influenced jobs. If you look at the statistics in this report we can see that demand is already rife, what we are at risk of is a shortage of talent and skills.
Tom Chambers, manager of advanced analytics and engineering at Robert Walters said:
The uptake of AI across multiple industries is bringing about rapid change, but with that opportunity.
Particularly, we are seeing retail, professional services and technology industries’ strive to develop digital products and services that are digitally engaging, secure and instantaneous for the customer – leading to huge waves of recruitment of professionals who are skilled in implementing, monitoring and gaining the desired output from facial recognition, check-out free retail and computer vision, among other automation technologies.
Similarly, experimental AI is making huge breakthroughs in the healthcare industry, with the power to replace the need for human, expert diagnoses.
What we are seeing is from those businesses that are prepared to invest heavily in AI and data analytics, is they are already outperforming their competitors – and so demand for talent in this area shows no signs of wavering.
The report also shows the funding for the top UK AI startups, the first being Graphcore, a semiconductor company that develops accelerators for AI and machine learning at £244 million. Darktrace, a company that specialises in cyber defence which uses AI algorithms at £173 million and BenevolentAI, an AI pharmaceutical company with £136 million.