London (Web Desk) According to a new report, UK companies adopting artificial intelligence are achieving clear benefits, including improved performance, reduced costs, and increased revenue.
In contrast, older businesses and those located outside London face a growing risk of falling behind in the competition.
The report analyzed confidential administrative data from millions of businesses using enterprise software, along with surveys conducted across thousands of companies in different countries.
The findings show that around 70 percent of UK companies are now using artificial intelligence at some level.
The report also revealed that 77 percent of businesses said AI use had increased their productivity, while 42 percent confirmed growth in revenue.
Furthermore, 27 percent of companies reported reduced working hours due to the technology, while 28 percent noted a decrease in overall costs.