Use, monetising of data will fuel digital revolution

Singapore

THE use and monetisation of personal data are important drivers of the ongoing digital revolution, and fintech and blockchain are two technologies underpinning this trend, said speakers at a seminar organised by the Singapore Management University (SMU) and The Business Times.

But many of these new technologies are still in their infancy. The Singapore Management University vice-provost for research Steven Miller, who spoke about technological disruption at the event last Friday, said current versions of machines and artificial intelligence have limitations, which prevent them from being "truly intelligent".

"Humans have the ability to understand and infer context, purpose and intent - even if they start without any information. Machines, on the other hand, have a very limited ability to do this." He added that the way forward thus lies in how humans and machines interact with one another; mobile digital learning p…