What Singapore businesses need to get ahead in the AI race

IT'S no secret that artificial intelligence (AI) has the potential to transform the way we live, work and play. In fact, it's already happening all around us in Singapore, from chatbots being trialled in managing hospital appointments to robotic lawn mowers cutting grass in the Botanic Gardens.

With the global AI market expected to generate upwards of US$35,870 million in revenue by 2025, it's no surprise that Singapore is taking every action to ensure a strong position in the AI race.

According to a recent report by Accenture, AI could add up to US$215 billion in gross value across 11 industries in Singapore by 2035, reinvigorating the city-state's economy via increased efficiency, productivity and investment.