The 2018 NewVantage Partner’s annual executive survey,
published on 8 Jan 2018, represented about 60 Fortune 1000 or industry-leading
companies. The survey showed that 97.2%
of executives report that their companies are investing in building or
launching AI and big data initiatives. About
76.5% of the executives agree that extensive availability of quality data is
what has empowered AI and more so cognitive initiatives within their business.
In a recent survey conducted by IDC titled IDC Asia/Pacific Enterprise Cognitive/AI
survey, 34% of organisations in Malaysia have plans to adopt AI within two
years. The Malaysian government also
plans to develop a National Artificial Intelligence (Al) Framework, an
expansion of the National Big Data Analytics (BDA) Framework.
The two key obstacles that hinder companies from adopting AI
and big data are high cost of investment and lack of skillsets. However, companies could prepare themselves
to be “AI and Big Data ready” instead of adopting a “wait-and-see” approach.
Tang, General Manager of TechCode's Global AI+ Accelerator
Program, listed out “5 Steps to Adopt Artificial Intelligence in Your Business”
which are as follows:
1.
Get Familiar With AI (links at the bottom of
this article)
2.
Identify the Problems You Want AI to Solve
3.
Prioritize Concrete Value
4.
Acknowledge the Internal Capability Gap
5.
Bring in Experts and Set Up a Pilot Project
Step 1 to 4 do not require large investment cost, it is part
of your organization’s process. Step 5
may incur some minimal investment and the cost could be further reduced by
engaging a local consultation firm. We
at MPCA could help your company to follow through the above steps, please
contact info@mpcap.com.my
or 603 - 2283 1170 for further details.
Online AI and Big Data Resources:
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