Businesses should plan for AI right now

Discussions around Artificial Intelligence (AI) have proliferated and will continue to over the next year. Businesses are beginning to see its value in a wide range of sectors, even as reports that show how machines are encroaching on activities previously assumed to require human experience may instil fear that AI will replace workers' jobs. Simply put there is no hiding the explosion of AI and its applications. In Singapore, the government is investing S$150 million into a new national programme to boost the country's artificial intelligence (AI) capabilities over the next five years. They will partner AI start-ups and companies developing AI products to grow knowledge in the space, create tools and develop talent.