Introduction to this directory
Artificial intelligence (AI) and blockchain technologies offer exciting potential to significantly change both the way healthcare is delivered, and how new life science technologies are developed.
Blockchain enables multiple parties to share data in a decentralized fashion. This could overcome many of the hurdles that restrict innovation. Examples include data lying in different places, regulations which restrict the sharing and analysis of that data, and a lack of incentive to share research and training data.
The potential of AI is huge. The use of computing power to ‘learn from experience’ and perform human like tasks is set to revolutionise many aspects of life. PwC analysis suggests it will contribute more than $15.7tr to the global economy by 2030. The UK has embraced the possibilities; since 2014, AI jobs in the UK have increased by 485% and we have more than 220 innovative start-ups and SMEs.
The UK government is committed to boosting investment and deepening strategic relationships. ‘Artifcial Intelligence and Data Economy’ is one of four Grand Challenges in the Industrial Strategy published in November 2017. The AI Sector Deal launched in 2018 represents nearly £1 billion of new public and private investment in the UK. It sets out the government’s vision for a partnership between business, academia
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