AI, data science can yield rich dividends - SLASSCOM chief

The business community and the corporate sector should understand that Artificial Intelligence (AI) and data science are new, rapidly developing fields offering novel business opportunities. Collaborating with the IT industry and start-ups will yield rich dividends for both, Chairman, Sri Lanka Association for Software and Services Companies (SLASSCOM), Jeevan Gnanam said. SLASSCOM organised the first-ever AI Asia Summit in Colombo last week which exclusively discussed the topics of Data Science and Machine Learning with many acclaimed international and local speakers outlining the latest developments in AI across application, research and adoption. Sri Lanka's IT/BPM industry for the past two decades has predominantly focussed on two key areas for export earnings; that is software development and finance and accounting. Over the years the industry has grown positively with some of the major global partners, making Sri Lanka one of the key destinations for IT/BPM business.