The State of AI in APAC: Leadership in the Making

Asia-Pacific has embraced AI and is on track to one single goal—leadership. The region likely recognizes the benefit of pouring heart,...

Asia-Pacific has embraced AI and is on track to one single goal—leadership. The region likely recognizes the benefit of pouring heart, soul, and investment into making world-changing artificial intelligence. The response has been overwhelming. Here is what we’re expecting from AI in APAC in the coming years.

According to research from IDC, the spending on AI in APAC will almost double by 2025. This investment comes from the banking industry first, where funding for better AI programs will help reduce fraud and mitigate risk. This could put the region into a leading position as global firms decide where to shift their own spending. 

Following banking, governments are investing heavily in AI to transform how citizens receive and interact with public services. State and local governments are increasing spending on emergency deployment as well. Business closely follows the government. Industries are making serious investments in customer service applications, mirroring the government’s focus on creating quality, convenient access to services.

APAC is setting the foundation for the next era of technology. Here, businesses and governments leverage AI to create powerful, seamless experiences for citizens and customers. This, combined with investments from finance industries to lower risk, could incentivize even more international businesses to start looking at the region with possibility.

A 2021 study from Cognizant demonstrated the commitment APAC region businesses showed in the wake of pandemic disruption. A majority—and a higher percentage than both Europe and the Americas—of the study’s respondents stated that AI is a vital piece of their future. Although broad adoption is still at an early stage, they’re taking strategic steps towards deployment.

Businesses in the region believe in taking a holistic approach, with the end goal being a total transformation of business operations. Leaders in AI can help guide their counterparts through this transformation. The gains from implementation are already starting to show in overall worker productivity and customer satisfaction.

While the infrastructure side is still in the works, the region is beginning to pour resources into building better internet access for citizens and ensuring that data moves more freely. Once this happens, AI deployments should take off even more strongly than now.

IDC also predicts that pandemic disruption has increased APAC businesses’ interest in expanding data initiatives beyond the enterprise. AI shines in the realm of big data. Freeing data between an industry ecosystem is a massive boost to what AI can do for the region.

Some IDC predictions for the coming years that will have the most significant effect on AI:

Here are some things companies are doing right now to further AI in the region:

 two national AI initiatives designed to encourage further adoption and scale in the finance industry and the public sector. They’ve provided 180 million in funding so far.  the Advanced Integrated Intelligence Program platform. It’s designed to bring together researchers to promote R&D and innovation. Current spending sits at around 50 million to 100 million yen. AI governance initiatives  have the potential to shape not only how algorithms are regulated within the country but around the globe. International researchers and developers are watching closely to see how these regulations play out. The Australian Government  has pledged $124.1 million to strengthen AI in the country with its Artificial Intelligence Action Plan. The initiative includes several action prongs, such as educating a future AI workforce and catalyzing opportunities regionally.  to reach and train future leaders in AI—the Presidential Initiative for Artificial Intelligence and Computing. The goal is to increase Pakistan’s standing in the technology world and offer easier access for students to break into the field. According to research from  , the country of India is among the top ten nations in the world for AI adoption. The nation joins technology heavy-hitters the US, China, Japan, and France on the list. 

This list is not exhaustive of what the region is accomplishing in AI development and deployment. Because the focus on AI continues to grow, the region remains a critical one to watch as AI continues to revolutionize our world.

Coming virtually this September 7th-8th, ODSC APAC will showcase everything trending in AI and data science, specifically around the APAC region. At this virtual event, you’ll have the chance to hear talks from some of the leading experts in data science and AI in the region, and even attend virtual training sessions with hands-on instruction on in-demand topics. Some highlighted training sessions include:

Ready to learn more about AI in APAC from the best data science virtual event this September? Register now for 40% off!