AI Misconceptions Debunked: UK Businesses Urged to Embrace AI
to Stay Competitive Reveals White Paper from Automated
Analytics
DONCASTER, England, Sept. 9,
2024 /PRNewswire/ -- A groundbreaking new white paper
from British AI software leader Automated Analytics challenges
the widespread fear that Artificial Intelligence (AI) will lead to
mass job losses. Contrary to popular belief, the study reveals that
none of the 5,000 clients across the UK and US who adopted AI
solutions reported layoffs due to AI, highlighting that AI can be a
catalyst for growth, not a threat to jobs.
The white paper, titled Unlocking Data, Unlocking
People: Harnessing the Power of AI to Transform Your Business,
launches today at Scale Space White City in London's White City Innovation District. The
findings underscore the need for UK businesses to overcome their
cautious approach to AI, or risk falling behind US competitors who
are rapidly advancing with AI adoption.
UK at Risk of Falling Behind in AI Revolution
Despite the evidence refuting the myth that AI will cause
widespread unemployment, a YouGov survey commissioned by Automated
Analytics reveals that UK business leaders remain hesitant. Over
half of senior decision-makers surveyed still believe AI will
eliminate more jobs than it creates, while only 17% expect job
creation to outpace job losses.
This reluctance could spell trouble for the UK economy. The
white paper warns that without greater AI adoption, UK businesses
may lose their competitive edge to more aggressive US firms.
Automated Analytics CEO Mark Taylor
emphasises that the UK must shift its focus from regulation to
innovation to avoid being left behind in the AI revolution.
Automated Analytics is calling on UK businesses to accelerate
their AI adoption to avoid losing ground in the global market. The
white paper serves as a clarion call for companies to embrace AI as
a vital tool for innovation and competitiveness.
Download the white paper here.
Real-World Success Stories: AI Driving Efficiency and
Growth
Automated Analytics has a proven track record of helping
businesses unlock significant efficiencies through AI. The white
paper highlights several success stories:
- British Gas' Dyno-Rod: By implementing AI to better
understand customer journeys, service calls were halved, and
franchise operations achieved 100% visibility.
- Pizza Hut (US): AI solutions reduced recruitment costs
by $1 million and increased hires by
42% for the fourth-largest US franchisee, Restaurant Management
Group.
- Fourth (UK): The hospitality recruitment firm used
AI-driven TalentTrack to achieve a 220% increase in talent flow and
drastically reduce cost per application in just 30 days.
Since 2023, Automated Analytics has delivered over £33 million
in savings to its global client base, including household names
like KFC, Hamptons Estate Agents, and Europcar.
Mark Taylor: AI is a Force for
Good
Mark Taylor, CEO of Automated
Analytics, believes AI's potential far outweighs the risks. "AI is
not about replacing jobs; it's about enhancing productivity and
creating new opportunities," says Taylor. "Our white paper provides
concrete examples of how AI can drive growth, efficiency, and
competitiveness. The UK cannot afford to lag behind in this
critical area."
Taylor also expressed concern over the cultural differences
between the US and UK in embracing new technologies. "The US is
leading the charge in AI adoption, while the UK remains overly
focused on regulation. This white paper demonstrates that many
fears surrounding AI are unfounded and that it can play a crucial
role in driving the UK's economic growth."
Heather Matthews, Chief People
Officer, Restaurant Management Group, a Pizza Hut franchisee and
client of Automated Analytics said, "Automated Analytics'
AI software has completely transformed our recruitment process,
enabling us to track precisely when candidates are applying and is
more efficient than any recruitment site or tool we have used
before. After the first month of working with Automated
Analytics our applicant flow nearly tripled compared to the
prior month. Our cost per application went from well over
$12.00 to below $2.00. In addition to the increase in
volume, the way Automated Analytics' TalentTrack software optimises
our budget is saving us thousands of dollars a month.
Harnessing AI has without a doubt been our competitive
advantage in a very challenging recruitment market, and will
continue to be a central part of our strategy in
the future.
Notes to Editors
Automated Analytics Group was founded in 2013 by Mark Taylor and is based in Doncaster, a city on the cusp of becoming the
UK's leading destination for innovative digital and technology
businesses to locate and grow.
For more information,
visit www.automatedanalytics.co.uk.
Connect with Automated Analytics on LinkedIn here and
with Mark Taylor here.
Logo -
https://mma.prnewswire.com/media/2497931/Automated_Analytics_Logo.jpg
View original content to download
multimedia:https://www.prnewswire.co.uk/news-releases/ai-adoption-key-to-boosting-uk-competitiveness-not-job-losses-302239851.html