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Yahoo
5 hours ago
- Health
- Yahoo
Report forecasts tech-driven vision for NHS could add £40bn to annual UK GDP
With profound change in sight for the UK's National Health Service (NHS), a new report indicates that a technology-driven vision for the national health system could add £40bn ($54.8bn) to the nation's annual GDP. Co-authored by Boston Consulting Group (BCG), Siemens Healthineers, and Imperial College London, the report follows the UK Spending Review on 11 June, in which Chancellor of the Exchequer Rachel Reeves announced that the NHS will receive a £29bn ($39.1bn) funding boost, reflecting a 3% annual rise on current levels over the next three years to reach £226bn by 2029. Reeves also revealed that the funding would increase the NHS's technology budget by almost 50%, with £10bn ($13.5bn) of the total funding earmarked to bring the 'analogue health system into the digital age'. Commissioned by the NHS as input to its 10-Year Plan, which is anticipated to be released in early July, the report foresees that innovation in diagnosis has the potential to impact population outcomes through risk stratification and intervention to 'prevent disease and alleviate burden on the broader healthcare system'. According to the research, by addressing health inequalities through predictive, personalised and preventative care, two to three million healthy life years could be added to the five most economically deprived groups among the UK population each year, thereby boosting the UK's GDP by around £40bn each year. Achieving this aim would primarily be driven by implementing technologies such as AI for the early diagnosis of diseases such as cancer, the report stated. Also, the report envisions the deployment of AI and technologies including remote patient monitoring tools, to take preventative action on conditions such as high blood pressure and hypertension that are well-established predicates of life-threatening conditions such as coronary artery disease (CAD), stroke, and cancer. In turn, the report forecasts that the impact of technologies' deployment in the NHS would deliver £12bn-£18bn ($16.4-$24.7bn) in productivity gains for NHS healthcare systems annually. By integrating diagnostic data into NHS R&D, the report also forecasts that drug development timelines could be reduced, resulting in new drugs being brought to patients up to twice as fast, with operational cost savings and commercial data revenue worth £10bn-£15bn ($13.7bn- $20.5bn) to the NHS annually. Ben Horner, managing director and partner at BCG and co-author of the report, said: 'As the UK Government prepares to set out its 10-Year Health Plan, this research highlights the scale of the opportunity ahead. 'By embracing technology and data-driven innovation, the NHS could add over £40bn to UK GDP annually. This would improve patient outcomes, easing pressure on frontline services and boosting productivity across the system. The foundations are already in place; now is the moment to shift from pilots to full-scale implementation.' "Report forecasts tech-driven vision for NHS could add £40bn to annual UK GDP" was originally created and published by Medical Device Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Time of India
a day ago
- Business
- Time of India
India leads the Global genAI charge with 92% of employees embracing genAI tools well ahead of global average of 72%
HighlightsNew BCG Report Based on Survey Responses from Over 10,600 Workers Across 11 Countries Shows AI Usage Has Gone Mainstream, but Business Value Requires Deep Workflow Redesign Frontline Workers' Adoption Has Stalled, and Job-Loss Fears Are Rising, Especially in Countries with the Highest Usage Three Quarters of Respondents Believe AI Agents Will Be Vital for Future Success, Yet Only 13% Say They Are Currently Integrated Broadly into Workflows, and Just One-Third Understand How They Function AI is now woven into the fabric of daily work, with 72% of respondents using it regularly. But the true value of AI is being captured by a smaller subset of companies that go beyond tool deployment to fully redesign workflows, according to a new report from Boston Consulting Group (BCG), AI at Work 2025: Momentum Builds, But Gaps Remain, released today. Strong Adoption, but a Frontline Stall—and a North/South Divide The third edition of BCG's annual survey, based on responses from over 10,600 workers across 11 countries, reveals that while AI adoption is strong overall, only 51% of frontline employees are regular users—a figure that has stagnated. Meanwhile, the Global South continues to lead in adoption, with India at 92% and the Middle East at 87% as the nations with the highest levels of regular use. Yet these two high-use countries also report the greatest fear about automation's impact, far higher than the 41% of all global respondents worried their roles could disappear within the next decade. "India is leading the global AI charge, with 92% of employees regularly using GenAI tools —well ahead of the global average of 72%. The country also ranks among the top nations experimenting with AI agents, with 17% of employees reporting integration into their workflows, placing India in the global top three. However, this rapid adoption brings new challenges. Nearly half (48%) of Indian employees fear job displacement over the next decade, highlighting a growing sense of uncertainty. Furthermore, only about one-third of the workforce feels adequately trained to fully leverage AI's potential. As we move from early adoption to delivering real business impact, Indian enterprises must invest in structured training, in-person coaching, and leadership enablement to scale value both responsibly and inclusively," said Mr. Nipun Kalra, Managing Director & Senior Partner; India Leader - BCG X, BCG. Three Key Levers to Boost AI Adoption Proper Training: Only 36% of employees feel adequately trained in AI use. Those who receive five or more hours of training—especially in person and with coaching—are significantly more likely to become regular to the Right Tools: Over half of respondents (54%) say they would use AI tools even if not authorized, with GenZ and Millennials especially prone to bypass restrictions. This "shadow AI" poses rising security Leadership Support: Just 25% of frontline workers say their leaders provide enough guidance on AI. Where leadership is engaged, adoption and employee optimism are markedly higher. Workflow Redesign: Where Real Value Emerges The companies that are truly unlocking AI's full potential are those going beyond deployment to reshape entire workflows. These organizations are: Investing heavily in people transformation—proper training, change management, and anticipating evolution in the value created by AI better with tangible resultsEmployees report saving more time within each work time is spent on strategic tasks and higher-quality greater belief that AI is improving decision making and engagement. 'Companies cannot simply roll out GenAI tools and expect transformation,' said Sylvain Duranton, Global Leader of BCG X and a coauthor of the report. 'Our research shows the real returns come when businesses invest in upskilling their people, redesign how work gets done, and align leadership around AI strategy.' AI Agents: The Next Frontier Three in four employees believe AI agents—smart digital assistants capable of independent task management—will be vital for future success. Yet only 13% say these tools are currently integrated into workflows, and just one-third understand how they function. As familiarity increases, fear fades—and workers begin to view agents as collaborators rather than competitors. Strategic Priorities for Leaders The report outlines four imperatives for organizations committed to moving from tools to transformation: Stop underestimating the importance of training. Commit appropriate levels of investment, time, and leadership the value you are generating with AI through improvements in productivity, quality, and employee in your people to reshape workflows and unlock AI's value. Anticipate AI's impact on work, individual workers, and the workforce. Build an upskilling and reskilling capabilities to support workforce deployment. Experiment rigorously with agents to accelerate the experience curve. Track impact and potential risks via A/B testing. 'Companies that reshape their workflows and invest in people are seeing superior results,' said Vinciane Beauchene, Global Lead on Human x AI at BCG and a report coauthor. 'But that transformation must be accompanied by a clear people strategy and development engine to boost adoption and tackle the impacts it will have on work, the worker and the workforce.'
Hindustan Times
a day ago
- Business
- Hindustan Times
Overhaul of existing urban public transport frameworks needed in India: Study
To address issues of congestion, pollution, and loss of productivity experienced in urban India and especially in light of 40% of India projected to live in cities by 2030, a white paper released by the Indian arm of global consulting firm Kearney on Thursday called for an overhaul of the existing urban public transport frameworks in India through measures such as a dedicated central standards authority that will define infrastructure design, vehicle specifications, operational protocols, and safety standards, leveraging global benchmarks while customising for local context. India's urban transit challenge is not just about infrastructure but integration. (File photo) The study also advocated adoption of last-mile connectivity, multimodal integration, and conducive land-use planning following globally recognised models, such as Singapore's public transport combining metro and feeder buses with integrated ticketing and real-time tracking or Amsterdam offering more than 500 km of dedicated cycling lanes, supporting first—and last-mile travel. Further, the paper called for the development of compact, walkable communities around transit hubs to curb urban sprawl, boost public transport ridership, and promote sustainable urban development. 'India's urban transit challenge is not just about infrastructure but integration. Empowered metropolitan transport authorities are essential to break silos, streamline planning, and deliver seamless mobility across modes,' said Manish Mathur, partner at Kearney. The researchers identified three interconnected systematic barriers for sustainable and accessible transportation in Indian cities--- delays and cost overruns of marquee projects due to poor implementation, policy fragmentation leading to limited coordination, and the underutilization of alternative funding mechanisms such as land value capture. Also Read: After bike taxis, Bengaluru traffic cops target auto drivers for overcharging, improper documents: Report The whitepaper quoted a 2018 study by Boston Consulting Group and Uber, which found that congestion drains over $22 billion annually from four major cities-Delhi, Mumbai, Bengaluru, and Kolkata. They also noted that India is home to six of the world's nine most polluted cities. The researchers noted that while 23 Indian cities have metro rail networks in 2025, from just five in 2010, the total ridership of 10 million passengers comprises only 5.5% of the population of these 23 cities. Further, Delhi alone accounts for 77% of the national metro rail ridership. At the same time, bus systems have deteriorated despite a push for electrification, with only 72% of the fleet operational. Other than this, the paper acknowledged the importance of suburban train systems and the existence of alternative modes such as monorail and ropeways. While there is an array of mass-mobility solutions starting from buses, to trams, ropeways, and metro, the researchers called for cost-effective, sustainable options based on geography and demand, going by data-driven analysis of demographics, travel patterns, and growth forecasts. The authors also advocated for fostering a domestic ecosystem for manufacturing, skill development, and technology transfer will create self-reliance and fuel economic growth. 'Governments must act as enablers of this transformation by prioritizing people over cars, sustainability over short-term gains, and collaboration over isolation. Embracing this vision with urgency and purpose can pave the way for greener, more connected cities that promise a better tomorrow for all,' the paper concluded.
Hans India
a day ago
- Business
- Hans India
India Leads the Global GenAI Charge with 92% of Employees Embracing GenAI Tools well ahead of global average of 72%: BCG Report
AI is now woven into the fabric of daily work, with 72% of respondents using it regularly. But the true value of AI is being captured by a smaller subset of companies that go beyond tool deployment to fully redesign workflows, according to a new report from Boston Consulting Group (BCG), AI at Work 2025: Momentum Builds, But Gaps Remain, released today. Strong Adoption, but a Frontline Stall—and a North/South Divide The third edition of BCG's annual survey, based on responses from over 10,600 workers across 11 countries, reveals that while AI adoption is strong overall, only 51% of frontline employees are regular users—a figure that has stagnated. Meanwhile, the Global South continues to lead in adoption, with India at 92% and the Middle East at 87% as the nations with the highest levels of regular use. Yet these two high-use countries also report the greatest fear about automation's impact, far higher than the 41% of all global respondents worried their roles could disappear within the next decade. "India is leading the global AI charge, with 92% of employees regularly using GenAI tools—well ahead of the global average of 72%. The country also ranks among the top nations experimenting with AI agents, with 17% of employees reporting integration into their workflows, placing India in the global top three. However, this rapid adoption brings new challenges. Nearly half (48%) of Indian employees fear job displacement over the next decade, highlighting a growing sense of uncertainty. Furthermore, only about one-third of the workforce feels adequately trained to fully leverage AI's potential. As we move from early adoption to delivering real business impact, Indian enterprises must invest in structured training, in-person coaching, and leadership enablement to scale value both responsibly and inclusively," said Nipun Kalra, Managing Director & Senior Partner; India Leader - BCG X, BCG. Three Key Levers to Boost AI Adoption Proper Training: Only 36% of employees feel adequately trained in AI use. Those who receive five or more hours of training—especially in person and with coaching—are significantly more likely to become regular users. Access to the Right Tools: Over half of respondents (54%) say they would use AI tools even if not authorized, with GenZ and Millennials especially prone to bypass restrictions. This "shadow AI" poses rising security risks. Strong Leadership Support: Just 25% of frontline workers say their leaders provide enough guidance on AI. Where leadership is engaged, adoption and employee optimism are markedly higher. Workflow Redesign: Where Real Value Emerges The companies that are truly unlocking AI's full potential are those going beyond deployment to reshape entire workflows. These organizations are: Investing heavily in people transformation—proper training, change management, and anticipating evolution in roles. Tracking the value created by AI better with tangible results Employees report saving more time within each work day. More time is spent on strategic tasks and higher-quality outputs. There's greater belief that AI is improving decision making and engagement. 'Companies cannot simply roll out GenAI tools and expect transformation,' said Sylvain Duranton, Global Leader of BCG X and a coauthor of the report. 'Our research shows the real returns come when businesses invest in upskilling their people, redesign how work gets done, and align leadership around AI strategy.' AI Agents: The Next Frontier Three in four employees believe AI agents—smart digital assistants capable of independent task management—will be vital for future success. Yet only 13% say these tools are currently integrated into workflows, and just one-third understand how they function. As familiarity increases, fear fades—and workers begin to view agents as collaborators rather than competitors. Strategic Priorities for Leaders The report outlines four imperatives for organizations committed to moving from tools to transformation: Stop underestimating the importance of training. Commit appropriate levels of investment, time, and leadership support. Track the value you are generating with AI through improvements in productivity, quality, and employee satisfaction. Invest in your people to reshape workflows and unlock AI's value. Anticipate AI's impact on work, individual workers, and the workforce. Build an upskilling and reskilling capabilities to support workforce deployment. Experiment rigorously with agents to accelerate the experience curve. Track impact and potential risks via A/B testing. 'Companies that reshape their workflows and invest in people are seeing superior results,' said Vinciane Beauchene, Global Lead on Human x AI at BCG and a report coauthor. 'But that transformation must be accompanied by a clear people strategy and development engine to boost adoption and tackle the impacts it will have on work, the worker and the workforce.'
Economic Times
2 days ago
- Business
- Economic Times
India beats global average in employees using AI: report
TIL Creatives India leads in artificial intelligence (AI) adoption, with 92% of employees regularly using generative AI (GenAI) tools in daily work, according to a Boston Consulting Group (BCG) report released Thursday. BCG based the report on responses from 10,600 workers across 11 countries that show AI usage has turned mainstream. The report said AI adoption has led people to fear job loss in countries with the highest AI usage. The third edition of this annual survey also found that AI now forms part of employees' daily work, with 72% of the respondents using it regularly. The report further noted that the Global South leads in AI adoption, with India and the Middle East showing the highest levels of regular use. The Middle East ranked second in adoption with 87%. However, these high-use countries also report the greatest fear about the impact of automation, far higher than the 41% of all global respondents. "This rapid adoption brings new challenges. Nearly half (48%) of Indian employees fear job displacement over the next decade, highlighting a growing sense of uncertainty. Furthermore, only about one-third of the workforce feels adequately trained to fully leverage AI's potential. As we move from early adoption to delivering real business impact, Indian enterprises must invest in structured training, in-person coaching, and leadership enablement to scale value both responsibly and inclusively," said Nipun Kalra, managing director at cannot expect transformation by simply rolling out GenAI tools, said Sylvain Duranton, global leader of BCG X. BCG's research demonstrates that businesses achieve real returns when they invest in upskilling their workforce, redesign work processes, and align leadership around AI strategy, he added. Elevate your knowledge and leadership skills at a cost cheaper than your daily tea. Punit Goenka reloads Zee with Bullet and OTT focus. Can he beat mighty rivals? 3 critical hurdles in India's quest for rare earth independence HDB Financial may be cheaper than Bajaj Fin, but what about returns? INR1,300 crore loans for INR100? Stamp duty notice to ArcelorMittal, banks. Stock Radar: Titan Company breaks out from 3-month consolidation; check target & stop loss for long positions For risk-takers: More than bullish, be selective; 5 mid-cap stocks from different sectors with an upside potential of up to 38% Multibagger or IBC - Part 12: If transition is successful then there is no limit. But there is a big 'IF' These mid-cap stocks with 'Strong Buy' & 'Buy' recos can rally over 25%, according to analysts
