"Greater adoption of agentic artificial intelligence could help rejuvenate Britain's sluggish economy, according to business and technology leaders speaking at an AI summit held at the House of Lords."
"A central theme of the summit was the role of agentic AI systems, autonomous tools capable of acting on goals with minimal human intervention, in helping small and medium-sized enterprises access advanced capabilities that were previously out of reach. Speakers argued that AI-driven sales, customer management and decision-support systems could level the playing field for SMEs and unlock productivity gains across the economy."
""Used responsibly, AI can organise data, explain market movements and make uncertainty more visible, so decisions are informed by context and risk, not just price," he said. "Many people default to traditional savings products because investing feels opaque or intimidating. AI can help form the building blocks of a more practical approach to financial literacy in the UK.""
Business and technology leaders identified agentic AI as a potential driver of renewed economic growth by enabling autonomous tools to perform goal-directed tasks. Agentic systems can give small and medium-sized enterprises access to advanced sales, customer management and decision-support capabilities that were previously out of reach. Rapid AI adoption risks creating a 'skills cliff edge' as smaller firms struggle to retrain staff quickly. Financial services executives said AI can make complex market data clearer and support better financial decision-making. Cybersecurity experts emphasized the need for robust safeguards alongside AI-driven transformation.
Read at Business Matters
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