Companies invited to entry funded help as a part of £1.8million mission led by Lancaster College to spice up uptake of digital know-how and AI

UK regulation and accounting companies are being invited to reap the benefits of funded help to discover how they’ll make higher use of digital know-how and synthetic intelligence.

A spread of help packages at the moment are obtainable as a part of a £1.8million accelerator mission, led by Lancaster College Administration College (LUMS) and dealing with Oxford Brookes College and Hyperscale Group Restricted, to assist accounting and regulation companies develop and use digital applied sciences to develop into extra productive and develop new providers.

Mid-tier and smaller companies in these sectors at the moment are being sought to hitch forces with researchers and accounting and regulation specialists on the three completely different help ‘pathways’ on provide to entry sensible, tailor-made assist for companies at completely different levels of know-how adoption.

The primary help pathway presents companies which have minimal expertise of superior digital know-how the prospect to use the know-how they have already got, or can simply entry – akin to Microsoft 365 instruments like Energy Apps, Energy Automate and Energy BI – to reinforce service supply. Over the course of some months, the companies can be supported in efficiently making use of a know-how related to their enterprise to assist with a selected follow space or course of.

The second pathway is for companies able to tackle a brand new know-how and apply it to an vital skilled service or enterprise job. This help bundle will assist in the preliminary adoption part as companies mattress in sector-specific options over the course of 8-10 months.

The third pathway will help companies already comparatively skilled in know-how adoption in tasks to increase or deepen using the know-how over the course of 12 months+.

Professor Martin Spring from Lancaster College Administration College is the lead researcher on the mission. He mentioned: “Monetary {and professional} service sectors present round 2.2 million jobs and contribute round £190bn to the UK financial system – however analysis has proven that digital and AI applied sciences might unlock much more worth inside these UK professions.

“Our earlier examine uncovered the boundaries stopping skilled service companies from adopting digital know-how, and this accelerator mission permits us to translate our findings into sensible assist so we are able to work hand-in-hand with companies all through the know-how adoption course of.

“We wish to recruit round 60 companies to the funded mission, however encourage any companies to get in contact. Along with the help packages on provide we can be gathering insights from every of the companies we work with to create ‘roadmaps’ for the good thing about the entire sector, highlighting profitable strategies and suggestions for companies of all styles and sizes.”