James Stewart, vice chair at KPMG comments on the new artificial intelligence sector deal announced by the Government.
James Stewart, vice chair at KPMG comments on the new artificial intelligence sector deal announced by the Government. He said:
“The Government’s artificial intelligence (AI) sector deal is vital to secure the UK’s place as a world leader in AI and seize the opportunities it presents. AI is a true disrupter, already transforming our society and business environment at a staggering pace. The substantial funding commitments and policy announcements made by Government today will support businesses in embracing this technology to realise its full potential and spread the benefits across the country.
“To succeed with their ambitions, the Government needs to recognise data as the engine room for AI, ensuring crucial data access agreements are developed, and maximise schemes like the Enterprise Investment Scheme and Enterprise Zones to enhance investment and nurture key skills. We look forward to supporting the Government as it continues with the Industrial Strategy agenda and work towards a more productive economy.”
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Notes to Editors:
KPMG LLP, a UK limited liability partnership, operates from 22 offices across the UK with approximately 14,500 partners and staff. The UK firm recorded a revenue of £2.2 billion in the year ended 30 September 2017. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. It operates in 152 countries and has 189,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. Each KPMG firm is a legally distinct and separate entity and describes itself as such.