Mayor of London AI strategy

Mayor of London to help businesses embrace AI

The Mayor of London, Sadiq Khan, has published a strategy to help small businesses take advantage of the opportunities created by the capital’s flourishing artificial intelligence and technology sectors.

AI offers great potential for the property industry, from chatbots to aid sales and lettings agents, to improved data processing and the development of comprehensive smart buildings.

The Mayor’s new tech initiative will see the launch of an online resource to help small businesses in London understand and take advantage of the benefits technology and AI can bring, as larger companies are already doing. The resource will provide sector-specific information on the latest technologies, direct small businesses to where they can access new technologies, and offer a forecasting tool to help them better understand the financial benefits of investing in new technologies. The service will launch in 2019, and is funded by the London Economic Action Partnership.

Sadiq Khan said: “Our great city is a global centre for innovation, from artificial intelligence to virtual reality and cybersecurity. Many large businesses are already adopting these technologies to aid productivity and competitiveness – and we must ensure that small businesses have the opportunity to access those same benefits.

“London has a burgeoning tech scene, from artificial intelligence to virtual reality and cybersecurity – and through our new tech initiative, we are determined to ensure that small businesses can tap into the benefits that these new technologies offer.”

Tabitha Goldstaub, co-founder of the AI advice platform, CognitionX, said: “With 758 AI tech companies, London is one of the best places in the world for innovation but it can also be a complex landscape to navigate. Understanding the benefits of AI and then who to work with in order to safely adopt these new techniques is crucial. As such, I’m thrilled to see the Mayor of London is committed to democratising access to the information needed for small businesses to responsibly unlock the power of AI.”

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