It’s that time of year, when Business Link Magazine invites the region’s business leaders to offer up their predictions for the year ahead.
It has become something of a tradition, given that we’ve been doing this now for over 30 years.
Here we speak to Laura Hill, a commercial litigator specialising in AI at law firm Ward Hadaway.
As we move into 2025, businesses across Yorkshire and the Humber will need to grapple with a changing landscape that incorporates artificial intelligence (AI). The 2024 budget highlighted a strong commitment to fostering AI innovation, with significant funding allocated to research and development, alongside promises to establish clearer regulatory frameworks. These measures are designed to position the UK as a global leader in AI while addressing ethical and operational concerns.
For businesses, particularly in strong regional sectors such as manufacturing, logistics and professional services, the implications are profound. Anticipated regulations will likely centre on transparency, accountability and the prevention of bias in AI systems. Firms using AI for decision-making, whether in supply chain management or client interactions, will need to ensure compliance with these standards to avoid potential liability and reputational damage.
Beyond compliance, AI presents a pivotal opportunity as businesses are increasingly embracing AI not just as a tool for automation but as a strategic asset to enhance efficiencies, reduce costs and gain competitive advantages.
In Yorkshire and the Humber, adopting AI could help businesses navigate economic pressures while contributing to regional growth. However, success will depend on proactive investment in technology, workforce training and a keen eye on the regulatory horizon. As legal advisors, we encourage businesses to act now to integrate AI responsibly, ensuring compliance with legal obligations, while being primed for innovation in the years ahead.
