It's a bit of a read but the conceptual plan is clear and generally strong with some notable gaps which need to be addressed. We will share a more comprehensive viewpoint on it in the coming weeks but here are some key takeaways that we think are important (excluding the obvious ones);
Collaboration is key to achieving the market position and growth needed. Nothing encourages collaboration like mutual benefit but an additional element which needs to be tied down is the financial incentivisation through tax breaks for programs which will support the overall objectives of the strategy.
Public sector should be a leader and not a laggard. The opportunity for efficiencies and innovations in the public sector are significant. We should also formulate a strategy to look at ways to monitise the outputs of this investment to improve the compounding value.
Infrastructure and the strategic allocation of sovereign compute will support growth in areas which hold the highest potential for economic impact. This is an opportunity to support high potential initiatives but runs the risk of being driven by ambition rather than commercial viability without which projects will fail to impact as intended.
Building an AI skilled workforce primarily from home grown but also immigration based initiatives will be key. This needs not to be limited to the development of the skilled workforce required to build AI solutions but also to the support and incentivisation of skilling up of the general workforce in AI literacy from an adoption and usage perspective.
We are excited to be a part of the AI community and believe that this strategy, if executed upon effectively, and gaps addressed as we progress, will have a significant impact on the position of the UK in the global AI market.