We recently updated our Artificial Intelligence RTIC! Let’s check out what is new.
To recap, our Real-Time Industrial Classifications (RTICs) provide a comprehensive and real-time view of the economy. Currently, our RTICs showcase over 450 emerging economy sectors and verticals.
With our recently updated AI RTIC, we have identified and classified even more exciting artificial intelligence companies, let’s take a look!
Our Artificial Intelligence RTIC
To those unfamiliar with artificial intelligence, this form of technology hopes to teach machines to think and learn like humans, performing tasks from problem solving to pattern recognition. With AI, we can automate processes and improve efficiency across every industry.
The first iteration of our AI RTIC in 2021 was built in collaboration with Innovate UK KTN and the Department for Digital, Culture, Media, and Sport. In particular, Innovate UK’s AI specialist, Dr Caroline Chibelushi, was our industry expert that helped us build this RTIC.
With this foundation, we recently updated our AI RTIC to capture a wider range of companies that have recently entered the forefront of AI innovation.
Whether you’re on the lookout for emerging companies, wanting to track trends in AI, or make decisions on the most up-to-date data, our AI RTIC can deliver the insights you need.
Rising stars in Artificial Intelligence
Incorporated in 2023, Intrix Systems is a brilliant example of an AI company on the rise.
Intrix Systems is a fantastic example of the diverse and multifaceted nature of AI. Offering services ranging from software development to smart farming solutions, Intrix demonstrates how AI can be applied to a wide range of industries and challenges. From our data we can see they have an estimated turnover of £95,333.
However, for a company revolutionising the Green Technology subsector within AI, we can look to QiO Technologies:
The AI industry’s substantial environmental cost poses a particular challenge to the sector’s long-term sustainability. Notably, AI infrastructure demands immense energy and water resources.
However, as a software solutions business, QiO leverages AI to improve the energy efficiency and sustainability of modern data centres. Through their work, QiO seeks to optimise performance whilst reducing the cost and environmental toll of AI. Through these efforts, QiO champion environmental stewardship.
Moving on to focus on the world of autonomous vehicles, we can turn to a UK company that is revolutionising automated driving: Wayve.
As mentioned in our latest blog on autonomous vehicles (AVs), we know that AVs stand to transform the transport industry with technology that promises to ‘reduce accidents, cut emissions, and reinvent urban mobility’.
By utilising end-to-end machine learning, Wayve has created a fleet ranging from driver assisted vehicles to fully autonomous cars. And, Wayve’s recent $1 billion investment from technology giants like Microsoft and Nvidia only underscores the revolutionising force of the UK’s AI industry.
Sector Insights
Using our platform’s ANALYSE feature, I collated a few insights into the sector in its entirety. We also publish these insights in our free to download RTIC reports which are updated monthly – like our latest Artificial Intelligence Market Report.
In a snapshot, the AI industry is rapidly expanding, with the sector projected to be worth £85.4bn in two years (2026). And, with companies like Intrix, QiO and Wayve leading the way, Artificial Intelligence is poised to revolutionise numerous industries.
The Artificial Intelligence RTIC is now live in our platform and available to all Data City users.
Want to find out more about our AI RTIC and see the data in action? Sign up for a free trial today.
