UK business investment in AI is set to skyrocket over the next two years, according to new research from SAP, but many are failing to properly plan – and it could cost them dearly.

Analysis from the tech giant shows UK businesses are, on average, spending £15.94 million on AI this year. Moreover, they expect to increase their investment in the technology by an average of 40% across the next two years.

The report found a good return on investment (ROI) , with the average UK business seeing returns of 17% from AI investments, and ROI forecast to almost double to 32% by 2027.

Many said they were already starting to unlock value from AI, with 36% reporting significant improvement in decision-making, 34% in customer engagement, and 31% in time to value.

Notably, businesses are confi

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