West Midlands braced for AI revolution

Business leaders in the West Midlands are working with the region’s 12,500 leading tech and digital companies to see how they can integrate AI and advanced technology into their everyday activities.

SuperTech – the UK’s first professional services technology supercluster – is open to firms across the country and aims to increase technology-led productivity gains within business and professional services organisations.

The area generates £27.8 billion gross value added annually and employs more than 360,000 people, making it the UK’s largest centre for business, professional and financial services outside London.

Eight industry leaders from finance, law, property and technology have been chosen to head up SuperTech including David Stewart, Group Chief Operating Officer at Wesleyan, Tony Randle, Partner at Shoosmiths, Simon Davis CEO of Nimbus Maps along with Inez Brown, president of Birmingham Law Society.

Weslyan boss David Stewart, said: “ProfTech, like FinTech, is an emerging sector with enormous potential to scale. Having undertaken a number of studies into FinTech, which in just a few short years is now worth £411.7 million a year to the West Midlands economy, we’ve identified three ways in which we can facilitate growth – access to businesses, access to technology and access to talented people.

“SuperTech combines all three, by connecting technology firms with the major professional services businesses we have across the region.

Birmingham has a deep-rooted heritage in legal and professional services, which if leveraged successfully through tech, gives the UK a major competitive advantage in emerging industries

“For established organisations like ourselves, involvement in SuperTech gives us access to the region’s emerging tech talent and latest developments, while tech firms, whether focused on finance, property, law or insurance, can find new ways to solve business issues and gain direct access to a sector that is worth almost £28bn – 26.5% of the total regional economy.”

Simon Davis, CEO of Nimbus Maps in Warwick, said: “The SuperTech collaboration is unique in taking this integrated approach which reflects the group’s fundamental beliefs that there is much to be gained in sharing intelligence and practice between professional silos.”

Inez Brown, president of Birmingham Law Society, said: “Birmingham has a deep-rooted heritage in legal and professional services, which if leveraged successfully through tech, gives the UK a major competitive advantage in emerging industries of tomorrow.

“Being part of SuperTech allows us to ensure that it is not just the largest legal businesses that are able to integrate tech into their operation but all firms.”