AI ‘one of biggest opportunities’ for economy for a generation, says Smith
Innovation minister Alyn Smith spoke out ahead of talks with the technology sector and businesses on Tuesday.
AI could help boost Scotland’s businesses, providing an extra £23 billion a year for the economy within the next decade, innovation minister Alyn Smith has claimed.
He insisted that artificial intelligence was “one of the biggest opportunities for Scotland’s economy in a generation”.
Mr Smith spoke out on the potential ahead of talks on Tuesday with the technology industry trade body techUK and other industry leaders.
The Scottish Government is keen to hear from businesses about how AI could benefit them – and what is holding firms back from taking advantage of new technology.
Speaking ahead of the talks in Edinburgh, Mr Smith declared: “AI is one of the biggest opportunities for Scotland’s economy in a generation.
“The potential is there, with an additional £23 billion a year within reach by 2035. But it will only be realised if businesses take action.”
He added: “Scotland has a real advantage in the world-class talent our universities and colleges produce, and in the research and computing power behind them.
“That strength, working hand in hand with business, is what will turn this potential into jobs, investment and growth.
“Government can set the direction and help clear the way, but we need industry to tell us what works, what doesn’t and what would make the difference. That is why we have brought this group together today.”
Julian David, chief executive officer of techUK, said: “The opportunity AI offers Scotland is significant, but it will only be realised if businesses and government pull in the same direction.
“Today’s roundtable is a chance for industry to share what is working on the ground and for government to listen and act.
“By collaborating, we can help more businesses of every size make the most of AI.”
Tuesday’s roundtable comes after a £1.8 million initiative to help small and medium sized firms get started with AI was launched in August.
Discussions today will also consider the role Scotland’s universities and colleges can play in developing the AI and data skills the economy needs.