DCMS spent 75% more on data scientists in 2021

Investments in data scientists by the UK’s Department for Digital, Culture, Media & Sport (DCMS) continue to increase rapidly.

The data, retrieved by the Parliament Street think tank, shows that DCMS has spent an estimated £20,606,100 on data scientist and data analyst roles between 2017 and 2021.

Niall Crosby, CEO of AG Grid, commented:

“Today’s digital world creates a lot of data, and the ability to process, understand, and make decisions based on...

Data scientists’ pay could hit £100k in 2022 amid ‘white hot’ jobs market

According to a forecast by Randstad, the salaries of leading data scientists could hit £100,000 by April 2022 amid a “white hot” jobs market.

A large number of vacancies across many sectors of the jobs market are leading employers to offer higher salaries to attract and retain staff. With inflation expected to hit five percent next year, workers are simultaneously looking for pay increases to keep pace with the cost of living.

Adrian Smith, Senior Director of...

CEBR: Automation increases US/UK business revenues, boosts economic resilience

Research conducted by the Centre for Economics and Business Research (CEBR), in conjunction with SnapLogic, has found that automation is having a profound impact on the monthly revenues of UK businesses.

Within three months of investment in automation technologies, UK companies saw an average increase of five percent – or £14 billion – per month.

The impact on US businesses was even higher. Over the same three-month period, US companies witnessed an average...

Research finds 1.4 million UK jobs could be automated this year

According to a Faethm AI forecast, over 1.4 million jobs in the UK could be replaced by automation this year alone.

Faethm’s mission is to prepare the world “for the future of work” by using an AI engine – trained on billions of workforce data points – to predict what jobs need reskilling versus upskilling.

James McLeod, VP of the EMEA region at Faethm, said

“Employers and employees alike need to change their perspective. The future of work is...

Learning the lessons of the past to fast-forward to the future of work

If you take a keen interest in technology and the economy, you may well have come across the term ‘fourth industrial revolution’ recently. This moniker has become a common label for the current period in which intelligent technologies such as AI, automation and robotics are becoming commonplace in our daily lives, and completely changing the nature of work. It’s not always clear, however, why it is described in this way, so let’s turn to the history books to find the...

Jack Dorsey tells Andrew Yang that AI is ‘coming for programming jobs’

Twitter CEO Jack Dorsey recently told former 2020 US presidential candidate Andrew Yang that AI "is coming for programming jobs".

There is still fierce debate about the impact that artificial intelligence will have on jobs. Some believe that AI will replace many jobs and lead to the requirement of a Universal Basic Income (UBI), while others claim it will primarily offer assistance to help workers be more productive.

Dorsey is a respected technologist with a deep...

British astrophysicist Sir Martin Rees calls for a living wage in the AI era

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British astrophysicist Sir Martin Rees spoke of the need for a living wage in the era of AI during a recent speech.

The speech, titled Surviving the Century, kicked off the 2019/20 season of the Perimeter Institute Public Lecture Series. Rees highlighted some of the dangers facing humanity, the outlook for humans venturing to other planets, and the use of technology to become a “post-human” species.

AI will destroy some existing jobs. There is, however, a fierce...

Most UK adults fear that AI will replace their jobs, and it might

uk adults fear ai replace jobs artificial intelligence

Research from an AI think tank and development company has found the vast majority of UK adults fear their jobs will be replaced by AI, and they might.

Fountech.ai surveyed more than 2,000 people and found over two-thirds (67%) are concerned about the impact of artificial intelligence on their careers. Just one in three (31%) believe AI will not be able to replicate the cognitive abilities of humans.

In a recent interview on the Pocket-lint podcast, Dr Alex Allan, CTO...

Gartner: AI will drive business value by supporting human decisions

gartner ai artificial intelligence business value human decisions workforce jobs

Gartner estimates that AI won't replace the workforce but instead will help to drive business value by supporting human decisions.

The use of AI to increase productivity rather than replace human workers will help to quell some fears around the adoption of artificial intelligence.

Svetlana Sicular, Research Vice President at Gartner, said:

“Augmented intelligence is all about people taking advantage of AI.

As AI technology evolves, the combined human...

AI Expo Global: Fairness and safety in artificial intelligence

AI News sat down with Faculty's head of research Ilya Feige to discuss safe and fair practices in artificial intelligence development.

Feige had just finished giving a talk entitled ‘Fairness in AI: Latest developments in AI safety’ at this year's AI Expo Global. We managed to grab him to get more of his thoughts on the issue.

Rightfully, people are becoming increasingly concerned about unfair and unsafe AIs. Human biases are seeping into algorithms which poses a...