Enterprises in Asia, especially those in India and China are increasingly adopting Artificial Intelligence to revamp their business models and they regard AI as a complete disruptive force.
The investment and adoption of AI in Asia has seen a huge jump, especially in China (from 31 per cent to 61 per cent) and India (from 29 per cent to 69 per cent). “Indian systems integrators are also actively participating in AI consortiums such as OpenAI,” the research added.
Government-backed AI is pumping innovation in the existing tech firms, startups and academic communities. Prime Minister Narendra Modi said that with AI, bots and robots, productivity will increase, urging that AI should be ‘Made in India’ and ‘Made to Work for India’.
As per the research, “Japan, Singapore and South Korea are following closely by expanding their existing technology industry strength in robotics electronics to compete against companies like Intel and Nvidia.”
The report said that it is the heavy focus on strategic, long-term objectives and high outcomes that distinguishes the Asian enterprises from its global counterparts.
“These firms prioritise industry disruption and new product development higher than other regions and global enterprises,” Forrester said.
Asian enterprises consider artificial intelligence as a complete disruptive force across technology, industry, product, go-to-market, academic, and economic dimensions.
China’s growth in AI research has threatened US tech companies. “Rather than develop incremental technologies, companies like Alibaba, Baidu and Tencent are as active in self-driving car tech as Google is in the US, even to the point of pushing the boundaries of Chinese regulations while still testing their technology,” the research highlighted.
Business enterprises now consider universities as research resources. Huawei recently invested $1 million with UC Berkley for research and development in AI. The South Korean government announced $1 billion in AI funding in 2017 while Japanese PM Shinzo Abe has encouraged AI startups and venture capital infusion. The national research foundation of Singapore’s government announced a national AI plan, ‘AI.SG’, to boost the country’s AI capabilities.