The AI-Era is Rising in ASEAN

The demand for data and artificial intelligence (AI) continues to accelerate. An executive survey on big data and AI found that 99 per cent of firms have now made investments in these critical areas. A survey by EDBI and Kearney of the ASEAN countries including Singapore, Malaysia, Indonesia, Thailand, Vietnam, and the Philippines found that if applied and executed well, AI could add $1 trillion to the region's GDP by 2030. However, despite the rush to embed data, analytics and AI into organisations' day-to-day operations, enterprises must realise that a radically different approach to data architecture is needed if they are to successfully put intelligence at the heart of their response to every business moment. Currently, just a fraction of data is properly used in analysis.