UK businesses are spending heavily on AI and cybersecurity despite fear that new tech could expose new cyber risks
- Most businesses plan to spend more on AI, cybersecurity and general investments
- AI and geopolitical tensions are raising cyberattack concerns across the board
- Many businesses worry they may have to scale back investments
One in five business leaders now worry that they may have to pause investments amid geopolitical uncertainty, however for the time being, investment remains high.
In fact, the latest Barclays data shows that Britain's bigger firms have increased longer-term borrowing, suggesting that they plan to continue investing in technology.
Around two-thirds (68%) plan to increase cybersecurity investments over the next year, with cloud, cyber and AI accounting for a joint 44% of planned tech budgets over the next 12 months.
AI investments continue despite ongoing concerns
Barclays found that more than half (52%) of companies have seen productivity benefits from AI, including administration, decision-making and affording more time to high-value work. This comes as three-fifths (61%) now...
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