Great potential to grow S'pore's adoption of AI
The government's policies have already put the country on a sound footing for this to happen. More dialogue between companies and the AI community is now needed.
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AT THE recent 2019 World Artificial Intelligence (AI) Conference, Tesla chief executive officer Elon Mask and former Alibaba group executive chairman Jack Ma went head-to-head in addressing the threats and opportunities of AI.
While they may disagree on how AI may develop in the future, it is clear that it has made a positive impact on many aspects of our lives. AI is able to harness data from various sources to fuel new and innovative applications that are readily available. As a result, it is getting democratised across industries and has become less of a specialty of deep-tech organisations that focus on scientific advances and technology engineering innovation.
The International Data Corporation (IDC) report says that world spending on AI systems will reach US$79.2 billion in 2022, more than double the US$35.8 billion forecast for this year. AI adoption rate in Asean has also almost doubled from 2018.
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