3 Things CEOs Should Know About The Use Of Artificial Intelligence In Decision-making

AI is the way forward and CEOs will drive it.

- Kamal Brar

A survey by IDC revealed that current AI adoption rates stand at 14% across Southeast Asia as compared to just 8% last year, with the discovery of better business insights becoming the most important adoption driver according to more than half (52%) of respondents from the region.

ASEAN countries are perhaps lagging behind, but there is AI activity in each member state. Singapore has made the greatest advances, but there are also promising early signs in other countries, for instance, Malaysia. We can witness several initiatives being deployed to strengthen the country’s AI ecosystem.

Early this year, Alibaba Group launched its AI platform ‘City Brain’ in Kuala Lumpur, Malaysia. Run by the Alibaba Cloud division, it plans to make live traffic predictions and recommendations to increase traffic efficiency in Kuala Lumpur by consolidating data gathered from video footage, traffic bureaus, public transportation systems and mapping apps. It will partner with state agency Malaysia Digital Economy Corporation (MDEC) and the Kuala Lumpur city council to roll out the technology.

Malaysia’s government also announced that Selangor is set to become a “smart state” by 2025 with the state government giving priority to developing effective technology infrastructure to improve the quality of life of the Selangor community. The Smart Selangor development plan aims to address top priority challenges, stimulate investments, enhance efficiency and create next-generation jobs to fuel sustainable growth.

In addition to the above, Malaysia has also become the world’s first AI-enabled stethoscope production base, called the Stethee. The product was a strategic partnership among the ministry, Malaysian Investment Development Authority, Collaborative Research in Engineering, Science and Technology (Crest) and M3DICINE, which was facilitated by the Telemedicine Development Group (TDG).