Simith Nambiar, Practice Lead, Emerging Tech, APJ, Rackspace Technology, tells us how businesses can overcome the challenges they experience with their Artificial Intelligence/Machine Learning efforts. As businesses continue to leverage cloud-based compute technologies, attention is on the explosion of new data, AI and Machine Learning (AI/ML). Through the powerful combination of new data and AI/ML technologies, organizations can deliver superior customer-centric experiences, allowing them to understand their business environment like never before, resulting in the ability to drive new levels of efficiency. In Singapore, the government has continued to invest in ambitious projects in key sectors to accelerate AI/ML adoption. For instance, through the National AI Program in Finance, financial institutions will soon leverage an AI platform to assess the environmental impact, identify emerging risks and enable financial institutions to make green investments.

Business and technology leaders from across the APAC region have gathered to discuss how 5G and the revolution in data storage will define the future of the financial industry. Global tech giant Huawei has held its Asia Pacific Financial Industry Storage Summit 2020. Business and technology leaders across the region gathered to discuss how 5G and the revolution in the data storage world will define the future of financial industry in the'new normal'. Themed'Unleash the power of data-driven intelligent finance', the virtual conference brought together key decision-makers from financial institutions such as The Asian Banker, DBS Bank and China Construction Bank Asia, to address the latest trends, developments and data-driven opportunities in the industry. "The pandemic brings new opportunities to banks and this is a good time to position future online banking strategies and Internet business development," said Johnny Chung, General Manager and Head of Fintech Division at China Construction Bank Asia (CCBA). He observed that remote working is now being widely used and has led many global financial organizations to review their crisis management plan.