- Snowflake Research finds that 93% of British companies are reporting efficiency gains from Genai
- Many fine -tunes also LLMs for the best output
- Data and privacy remaining widespread, separate EY -Report Finder
Companies now get hold of AI and implement it with efficiency and mark a shift from the experimental phase, with as many as 93% of British companies now reporting efficiency gains from generative AI (and 88% globally), new research from snowflake has claimed.
In addition, a staggering 98% also trains education, tuning or increase in their LLMs for better results, which shows that companies know exactly where the benefits of the technique are and how to optimize it.
However, the usual obstacles and challenges remain in place, which prevents some organizations from accessing the promised productivity benefits.
Businesses in the UK is pretty AU FAIT WITH AI
Snowflake found that nearly two-thirds (62%) of companies use AI in software technique, where 69% use it for code reviews and troubleshooting beings higher percentages than the global average.
AI technology also proves popular in customer support (61%) and cyber security (69%) uses where workers see faster first response times (59%), reduced manual workload (64%) and lower costs (56%).
Separate EY reporting reveals seven out of 10 British respondents have spent AI in their daily lives in the last six months, but the results are in conflict with Snowflakes Fund – only 44% have used it in a professional surrounding, lower than the global average of 67%.
Globally, EY says workers use AI to write or edit content (31%), learn about topics (30%) and generate new ideas (27%).
“They don’t just experiment – they are building for the purpose,” said Snowflake VP and UK & in Country Manager James Hall about British companies.
“With smart investments in sky infrastructure and a focus on cases of eligible use, the UK is the basis for leading the next phase of Gen AI transformation.”
The research also highlighted some of the challenges that companies face when adopting AI in scale, with unstructured data that presented the biggest obstacle according to Snowflake.
Ey added that privacy and security are also on the front of British business leaders’ minds, with security breach (71%), privacy violations (65%) and the reliability of AI outputs (67%) all quoted as major concerns.
Looking ahead, EY UK & I AI client strategy leader Catriona Campbell says that companies must build the employee’s confidence and demonstrate the value of AI.
“As AI continues to reshape our daily lives, it is important for business leaders to promote confidence and transparency, giving individuals the opportunity to engage in AI on their own terms,” Campbell added.
