Technology is changing fast, and so is the world driven by the digital economy and disruptions. And the pandemic has just hastened the digital transformation process at all levels. With 5G around the corner and expected to usher in a new industrial and social revolution, cognitive technologies like artificial intelligence (AI) will soon turn out to be the de facto model that organizations pursue.
According to a Statista report, marketing and sales would benefit the most from the adoption of AI technologies. A Fortune Business Insights report estimates that the global AI market will touch $266.92 billion by 2027, up from $27.23 billion in 2019.
Speaking at the AI web summit in Hong Kong, Mark Beccue, Principal Analyst, AI & NLP, Omdia, stated that companies who have started AI initiatives are accelerating and there were new markets resonating with those who have done AI.
David Chung, Under Secretary for Innovation and Technology Bureau, spoke about Hong Kong’s digital economy. The Greater Bay Area (GBA) is about 1% of the land area. We are strategically integrating Hong Kong with the Greater Bay Area.
The AI Innovation Hub, the Alibaba Hong Kong Entrepreneurs Hub and Sense Time, with support from the HKSTP, set up the HKAI Lab in October 2018. The new research cluster, the AIR@ InnoHK, is focused on AI and robotics research. It is targeted to open at Hong Kong Science & Technology Park (HKSTP) in the second half of 2020.
Denne historien er fra September 2020-utgaven av DataQuest.
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Denne historien er fra September 2020-utgaven av DataQuest.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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How big is India's Computer Accessories Market? Innovations expected by FY25
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When Network Threats Are Not Allowed to Check-in
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The Future of Machine Identity
The biggest challenge today in the digital security sphere is securing machine identities -the digital entities such as APIs, software applications, and IoT devicesthat are constantly being targeted due to the changing nature of cyber threats.
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The Smart Manufacturing Revolution in India
Explore how cutting-edge technologies are redefining manufacturing in India, shaping a future where efficiency and sustainability go hand in hand.
Digital Governance: Changing that Red Carpet into a Green One
India's approach and success stories in digital governance show how technology should be used to cover the entire carpet area - From expanding inclusion to the digitally not-so-savvy folks to strengthening interoperability - we have made sure the grass is green, every side
