SUSE comment: UK government sets aside £3m for AI research for legal and FIN services
- Dr. Thomas Di Giacomo, CTO at SUSE
- 30.11.2018 10:30 am undisclosed
While artificial intelligence is still in its relative infancy in a number of areas, the UK government has recognised the potential for this technology to boost productivity in the financial and legal sectors. As a disruptive technology, AI has the potential to impact every sector. However, with £3 million set aside for projects in these specific industries, we will start to see quick recognition of benefits of this technology – from reduced processing times to cost reductions.
Many technologies get credit for the proliferation of AI, but HPC is an underlying building block that cannot be overlooked. Similar to its impact on the supercomputing industry in recent years, the ability of open source to produce a scalable, flexible HPC stack has fundamentally changed the landscape for building AI and deep machine learning applications. For now, AI technology is still climbing the hype curve but with more investment along these lines, we will see it coming closer to fulfilling its full potential.
By boosting AI projects in these sectors now, the government is continuing on its drive to put the UK “at the forefront of the AI and data revolution”. And while the financial and legal sectors will derive many benefits from AI, we can expect to see other industries watching with interest to see how key learnings from these projects can be put to good use elsewhere too.