UK companies are increasingly embracing artificial intelligence, but a new report has found that many business leaders lack the training needed to deliver it effectively. The study, conducted by the Chartered Management Institute (CMI) and the British Academy of Management, warns that a lack of managerial skills could hinder the potential benefits of AI adoption.
AI Adoption on the Rise
The report shows that nearly half of UK firms have adopted some form of AI technology, with many planning to increase investment in the coming years. However, only 18% of managers feel they have the necessary skills to lead AI projects. This gap between adoption and training could lead to wasted investment and missed opportunities.
Training Deficit
According to the CMI, just 13% of organisations have provided AI training for their managers. The report emphasises that without proper training, businesses risk implementing AI in ways that are inefficient or even counterproductive. It calls for a national strategy to upskill managers in AI and digital technologies.
Key Findings:
- 48% of UK firms have adopted AI in some capacity.
- Only 18% of managers feel confident in leading AI initiatives.
- 13% of businesses have offered AI training to managers.
- Over half of firms plan to increase AI investment next year.
Productivity Concerns
The report highlights that AI has the potential to boost productivity significantly, but only if implemented correctly. The lack of trained managers could mean that many firms fail to realise these gains. The CMI urges businesses to prioritise management training to ensure AI delivers on its promise.
“Managers are the key to unlocking the potential of AI,” said Ann Francke, Chief Executive of the CMI. “Without the right skills, we risk a productivity gap that could leave UK businesses behind their global competitors.”
Call for Action
The report recommends that the government and business leaders work together to create a comprehensive training framework. It also suggests that universities and professional bodies should integrate AI skills into management courses. The findings come as the UK government aims to make the country a global leader in AI technology.
For more information, read the full report on the CMI website.
