Tech funding | HR among industries set to benefit most from Government AI investment

HR organisations are among those benefiting most from government grants to adapt to AI innovation, a new report has revealed.

AI and analytics leader SAS analysed the grants awarded to businesses across 12 sectors to identify the industries which have secured the most AI funding, based on the average grant per company, per industry.

The study found that, despite only eight grants being awarded to HR organisations (which was the second lowest amount), the sector still ranked in 4th place nationally, based on the amount of overall money distributed. Each business received on average £363,729 amount of funding, in a sign that the industry is among those most in need of investment in order to innovate.

The SAS study revealed agriculture and retail ranked the highest out of the 10 sectors, while utilities, logistics and education made up the bottom end of the table.