Asia Accelerates Growth in the Global Artificial Intelligence Industry

by July 4, 2018

As Artificial intelligence (AI) grows and tries to step into every niche possible, the development it has brought in is flawless. From cutting-edge technologies to archaic development, AI has made it completely impeccable. With the recent competition rising between China and the United States for getting the AI tag, there are many greater titles coming up from Asia.

Startups are now running the race of using AI superiorly rather than just using it. From transport to finance, AI adoption is scaling largely. Machines which earlier required human cognition are now handled just by buttons. Just a general strategy has to be programmed for machine’s understanding to complete tasks and that’s it. The explicitly programmed machines are now ready to work with great vigor and eliminating human labor.

Over the world, there are just two major hubs where AI development is in boon: The United States and China. The US has already excelled in discovering massive AI-powered applications while China is still in development but acing up fast. Singapore, Indonesia, Vietnam and Thailand too are beating the pace faster as they approach towards AI. The dazzling future of AI has not only boost productivity but will have a deep impact on the overall economy too.

This driving push to adopt AI in all businesses has made Asia another home to some of the most renowned cutting-edge AI solutions. Like, Thailand became the very first place out of North America to accept IBM Watson in Bumrungrad International Hospital for Oncology. They have developed an all AI construct to optimize the cancer care.

Moving to Vietnam, where AI-based farming is gearing up these days. A crop intelligence system is being developed through which the farmers can upload snaps and get to know about the existing crops in the fields. The system is named Sero and enables farmers to identify if any crop is sick or not. It would encourage rice growers to snap a sick plant and upload it. This would, later on, be used to make computers learn about diseased crops.

Sero has claimed the overall accuracy as 70 to 90% with which the system is able to identify at least some 20 different crop diseases. Once they enhance it further, it will help in sending disease diagnosis along with the best-suggested treatment to cure it. This all will be enabled via a smartphone app.

What do you think, how many customers can a human representative handle at once? Only one right? But chatbots at the same time can handle thousands. Right? With this thought in mind, Telkomsel, an Indonesian telecom network operator has now employed only chatbots to answer most of its enquiries.

But as we observe the growing trends in AI there’s a deep fear of fewer jobs. The human potential and the cost of AI implementation are still the matters companies don’t open on. Recently Malaysian government has put up revised goals of introducing 16000 more data professionals by 2020 as a target to cope up with the increased AI adoption.

In spite, of the advance improvements being made each day, it may still take sufficient time for AI developers to present reasonable solutions for the companies. Switching to AI has barriers like the companies are resistant to change plus the abundance of cheap labor. But for places like Singapore, where the relative labor cost is very high, deploying robots is the best solution. So, sooner or later AI is digging deep roots into the society.