Transforming accountancy, insurance and legal services with AI and data (small projects strand)
UK Research and Innovation will invest up to £12 million in innovation projects to support the application of artificial intelligence (AI) and data technologies. Projects should aim to transform the 3 target sectors:
- Legal services
These are sectors where there is an imminent threat from overseas competition.
This competition is part of the Next Generation Services Challenge. This is a joined up national innovation programme. It supports projects from applied research through feasibility studies to experimental development.
All projects should show how they will address challenges which will delay or adversely impact adoption. For example, this can include issues around ethics, privacy, bias and transparency and how people’s acceptance and behaviours will affect the service transformation.
This is a linked competition. Funding 2 strands:
- Large consortia projects addressing common, sector-wide challenges requiring a co-ordinated approach across, for example, supply chains or regulators. These projects can include academic researchers in social sciences, humanities, computer science and mathematics. These projects need to show significant transformational impact on the sector.
- Smaller projects (this strand) aiming to apply AI and data techniques in new ways within accountancy, insurance and legal services. These smaller projects can be from single companies or small consortia.
KTN are running a number of briefing events focused on Next Generation services.
Dates available are:
There will also be a webcast on the 5th June for those unable to attend in person.