Page 32 - Futr Investment Proposal
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             Public Sector Market











            Futr are part of the Govstart                   effective way for users to navigate their      replace 250,000 UK public sector
            programme and have a board of                   way through YPO’s services and                 workers – quote: “Reform, a right-of-
            advisors who are helping them                   discover the frameworks on offer.              centre thinktank, says websites and
            penetrate this market. Public.io, a                                                            artificial intelligence “chat bots” could
            specialist in helping startups get              The chatbot demonstrates YPO’s                 replace up to 90% of Whitehall’s
            traction into the public sector have            commitment to lead the way in digital          administrators, as well as tens of
            warrants in the business and therefore          transformation in public sector                thousands in the NHS and GPs’
            incentivised to help Futr. The business         procurement and forms part of an               surgeries, by 2030 – saving as much as
            is therefore in the right networks to           ongoing strategy to continue to                £4bn a year.”
            help further public sector traction.            improve customer online
            Every year, the Government                      experience. If public sector
            spends £242 billion on goods and                procurement bodies are adopting
            services. Giving SMEs more of this              chatbots then the end customer will be
            revenue is a key priority – by 2020 the         looking at chatbots.
            Government intends over a third of
            procurement spend to go to SMEs.                There are numerous reports and
                                                            articles on the impact chatbots can
            An example of public sector adopting            have on the public sector from
            chatbots is YPO which is 100% publicly          increasing efficiency to reducing
            owned by 13 local authorities and is            headcount. One example is from the
            the UK's largest public sector buying           Guardian.
            organisation. They announced it had             https://www.theguardian.com/technolo
            launched the first chatbot built to help        gy/2017/feb/06/robots-could-replace-
            public sector buyers. The chatbot,              250000-uk-public-sector-workers
            Procurement Information Provider, or
            PIP for short, is an alternative and            Other headlines are Robots could
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