Cog X Keynote June 2018

Cog X Keynote June 2018

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  CogX Festival Keynote TechNation 2018 Report & AI 12th June 2018 Gerard Grech Chief Executive Tech Nation @gerardgrech @technation
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  The most comprehensiveresearch on UK Tech, using latest data from several partners & 3400+ survey responses. We have worked with over 350 companies, who have collectively raise $7Bn in 50 months, at all stages. Find out more at: Technation.io
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  Performance of thetop 12 global tech startup ecosystems Source: Startup Genome, 2017 Since it’s London Tech Week.... London ranks 3rd in latest tech startup ecosystem rankings
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  London is the2nd most connected ecosystem in the world 25% of the world’s entrepreneurs* report a significant relationship with two or more others based in London, a figure beaten only by Silicon Valley Inbound connections for the top 20 global tech ecosystems Source: *Startup Genome, 2017
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  Digital tech turnover increasedfrom £170 billion in 2016 to £184 billion in 2017 Growth: The UK tech sector grew 2.6 times faster than the rest of the economy in 2017 Digital tech jobs increased from 1.64 million in 2016 to 1.87 million in 2017 Every 50 minutes a digital tech business is created in the UK
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  2.1M totally employed in theUK digital industries 1.87M digital tech jobs like an AI engineer (+230K in 1 yr)
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  While London isthe financial epicenter, businesses are scaling across the United Kingdom
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  UK accounts for13 of Europe’s 34 tech unicorns, or 38%…
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  Many UK techunicorns are driven through algorithmic control Unicorn Benevolent AI Telegram Turnover £151 M £129 M - £2.58 M £2.36 M £8.48 M - Employment >1000 >1000 10-24 100-249 250-499 100-249 - Unicorn Turnover £34.6m £30.8 M £7.82 M £67 M £4.53 M £16.5 M £50.9 M Employment 100-249 500-999 100-249 500-999 250-499 250-499 500-999
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  Top 400 UKmeetups* highlight emerging trends AI and Blockchain are quickly taking centre stage Top 400 tech meetup groups by *membership in the UK 2018 Source: Tech Nation, 2018; Meetup.com, 2018 Open Source & AI Software Dev & Blockchain
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  Estimated additional £630Bnto the UK economy by 2035 (nearly 10 times the size of London’s tech turnover in 2017) What might AI mean for the UK? May increase the annual GVA growth rate from 2.5 to 3.9% Source: Growing the Artificial Intelligence industry in the UK, Professor Dame Wendy Hall and Jérôme Pesenti
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  By 2020, AI willgenerate 2.3 million jobs So what might AI mean for UK jobs? Here’s one prediction. 2.3M job creation, while making 1.8M potentially obsolete May lead to the obsolescence of 1.8 million jobs Public sector, healthcare and education expected to benefit Source: Gartner, 2017 Manufacturing and transportation may be adversely affected
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  The UK isquickly becoming the AI ‘Beehive’ ● ● ●
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  Thank you. Exploreat: technation.io/report2018 @technation @gerardgrech