The Prime Minister has unveiled the government’s AI Opportunities Action Plan, committing £14 billion in investment into ‘game-changing’ artificial intelligence and creating 13,250 jobs. The IMF estimates that AI could increase productivity across the UK by as much as 1.5 percentage points each year, if the technology is fully embraced. These gains may be […]
A new EY European Financial Services AI Survey suggests UK financial services firms are facing significant challenges in integrating Artificial Intelligence and Generative AI technologies. Despite AI adoption efforts, many firms remain in the early stages of implementation, hindered by gaps in workforce upskilling and regulatory readiness. Only 9 per cent of firm’s report
A team of researchers in Scotland is supporting a clean tech start-up to transform low-value co-products from the forestry sector into eco-friendly alternatives to chemicals found in everyday items. Sonichem’s ambition is to reduce the reliance on petrochemical-derived ingredients in industries such as cosmetics, packaging and pharmaceuticals. Using its patented ultrasound technology to break
New findings from the Capgemini Research Institute research show that 97% of organisations using generative AI have faced security incidents or data breaches linked to the technology this year. As generative AI becomes more integrated into business operations, over half of these companies (52%) reported financial losses exceeding $50 million, prompting 62 per cent
97% of organisations faced breaches or security incidents related to Gen AI this year Read More »
The Sustainable Aquaculture Innovation Centre (SAIC) has announced its support for three innovation projects aimed at enhancing finfish health and welfare in response to a changing climate and other emerging challenges, following its latest call for research initiatives. Valued at a combined £1.6 million, these projects have secured nearly £600,000 in funding from SAIC
Aquaculture researchers secure £1.6 million to explore next-generation tech Read More »
Zoho Corporation, a leading global technology company, has launched a new version of Zoho Analytics – Zoho’s self-service BI and analytics platform. Among more than 100 other enhancements, Zoho Analytics has developed powerful new AI and ML capabilities, enabling diagnostic insights, predictive analysis, and automated report and dashboard generation. Additional advancements to Zoho Analytics
The Industrial Biotechnology Innovation Centre (IBioIC) has brought in an experienced bioprocessing specialist to its FlexBio facility, adding to the range of expertise on offer to support biotechnology companies and projects to scale up to industrial size. Dr Sheena Fraser joins the innovation centre from Roslin Technologies where, as senior vice president of
IBioIC strengthens team with appointment of expert in bio-processing and lab-grown meat Read More »
Aquaculture technology company Ace Aquatec is expanding the presence of their products into Oceania, as New Zealand-based king salmon producer Mount Cook Alpine Salmon continues to see enormous benefits from their award-winning A-BIOMASS camera at their site in Mount Cook. A-BIOMASS is an advanced underwater camera designed to bring more efficiency and precision to
According to Docusign’s Digital Maturity Report 2024 72% of companies are lacking the necessary talent in key areas like AI, data analytics, and cyber security, up from 69% in 2023. Businesses are increasingly focusing on ‘quiet hiring,’ upskilling their current workforce, and leveraging AI tools such as ChatGPT to address the shortage without expanding
UK firms struggle with skills gaps in key areas amid £275M productivity loss Read More »
(L) Immediate Past President Alistair Grant and (R) newSELECT President Mike Stark The new President of Scotland’s largest construction industry trade association, SELECT, has warned that the demands on the electrical network to power artificial intelligence (AI) may become unsustainable as it becomes a growing part of society. Mike Stark, who took over as President
