UK Research and Innovation has up to £12 million to invest in projects that look at ways of applying artificial intelligence (AI) and data technologies to improve service industries.
They are focusing on 3 specific sectors:
- accountancy
- insurance
- legal services
Industries such as accountancy, insurance and legal services face competition from overseas. There are also challenges including identifying and preventing fraud, meeting audit requirements, assessing risk and reviewing large quantities of text. AI and data technologies could help to meet these challenges and make services more efficient, productive and competitive.
For more information please visit https://www.gov.uk/government/news/developing-the-next-generation-of-services-apply-for-funding