Industrial Strategy: Building a Britain for for the future
The government have released a report that touches on AI being a “forefront” in the industries of the future. The report, which discusses the government’s plan on building a better Britain for the future, set Clean Growth, Future of Mobility and Ageing Society alongside AI & Data Economy as Grand Challenges.
Prime Minister Theresa May commented on the work so far that the government have done to improve Britain “Over the last seven years, we have made huge progress in restoring our public finances and rescuing our economy from the brink of bankruptcy. Thanks to the sacrifices of the British people, the deficit is now down two-thirds since 2010, the unemployment rate is at its lowest in over 40 years and we have had 19 continuous quarters of economic growth.”
Mike Taylor, Managing Director at Business Performance and Leadership Consultancy Accelerating Experience said: “There is a gaping hole in the government’s Industrial Strategy to solving Britain’s productivity crisis. People has been rightly recognised as one of the key foundations however, there is a glaring omission. Building technical skills among employees is much needed, but there is no commitment to solving the leadership crisis that is holding back the performance of UK plc.
“Leading a business is self-evidently a core value generating skill in its own right, and failure to develop this at board level is leading to micromanagement and a lack of strategic planning – both of which hamper productivity. Building the skills of our business leaders will enable companies to become more agile and adaptive in an uncertain economic and political environment.”
To read the full report, click here.