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Top tech stats: Biometric banking, Scottish tech optimism and much more

top tech stats

Welcome to your round up of some of the past week’s most interesting surveys, statistics and reports relevant to those involved in the UK tech industry.

This week we bring you stats relating to biometric banking, Scottish tech growth, artificial intelligence and much more.

Biometric banking

56% of people online would prefer to use a biometric security method over traditional options like passwords to log into their financial accounts online, according to research from Equifax.

The online survey found that a third of people would prefer to use fingerprint recognition as a security method to access their accounts.

However, nearly two thirds of respondents with a bank account are currently unable to use fingerprint recognition to manage their finances, and 68% are unable to use voice recognition.

“Mobile banking is the first choice for many consumers, and as mobile technology continues to evolve, banks and other financial providers must address the disparity between consumer demand for biometric security and its availability,” said John Marsden, head of ID and fraud at Equifax.

Scottish tech optimism

82% of businesses expect sales to increase in 2017 and 78% of those surveyed said they have an optimistic view for the year ahead, according to the Scottish Technology Industry Survey 2017, produced by ScotlandIS.

Predicted employment growth is also on the rise. Overall 78% of firms forecast that they will hire more staff in 2017, compared with 66% in 2016.

Polly Purvis, CEO of ScotlandIS, said: “This is great news not just for our sector, but also for the economy as a whole. The digital technologies industry generates over £5 billion in GVA for Scotland every year and is becoming more and more important in our increasingly digital world.”

UK consumers relationship with AI

UK consumers have a love-hate relationship with AI technologies, according to the State of AI Report, a survey by InsideSales.com.

While scepticism of AI remains high, as 4 in 10 people say they don’t trust AI, there is a growing acceptance that AI can deliver real value in a number of areas:

36% trust AI to recommend personal entertainment;
30% trust products or goods made by automated industrial machines;
20% trust automated sales processes;
16% trust medical diagnostics that rely on AI technologies.

Consumers also know the companies they trust to lead AI transformation. When asked to rank the top three technology companies, Google was named as the most trusted brand (54%), followed by Apple (45%), pipping Microsoft to third place (40%).

VC firms dominate startup funding

Despite the fact that VC investment into the UK fintech sector dropped by a third in the past year, a Bird & Bird poll reveals that more than half of participants (55%) believe that VC funding will be the biggest provider of finance for digital businesses over the next 3 years.

According to the survey respondents, cybersecurity is predicted to receive the most attention from funders in 2017 (40%), followed by FinTech (25%), HealthTech (23%), and EdTech (10%).

The poll also revealed that most in the market believe startups are better off choosing sector-specific funders (81%) than general funders (19%).

Gaming firms consider post-Brexit relocation

40% of UK gaming companies say they are considering relocating some or all of their business because of Brexit, citing losing access to talent and funding as major risk factors.

A survey by industry group Ukie polled 75 of the more than 2,000 games firms in the UK.

Ukie said this week it wanted to work with the government to “shape a favourable post-EU landscape for our world-leading games and interactive entertainment businesses”.