Digital News Asia’s Post

THE MALAYSIAN RESERVE: MDEC onboards 140 AI providers, generates RM1b in digital economy “From enhancing productivity in small-scale enterprises to improving efficiency in large corporations, AI is making a visible impact on Malaysian businesses." “The benefits of AI adoption are far-reaching. For SMEs, it can boost productivity, reduce operational costs and provide access to advanced technologies. Large enterprises can leverage AI to streamline operations and automate processes." #MalaysiaMADANI #AI #ICT #MDEC #SME

⭐ Digital Transformation in the rise of AI – 5 things you must consider ⭐   In times of rapid technological advancement, small and medium-sized enterprises (SMEs) find themselves at a crucial juncture. The rise of artificial intelligence (AI) technologies offers significant opportunities for innovation, efficiency, and scalability, but also presents challenges that require strategic navigation.      Marcin Kaczmarek, CEO of Consileon Polska and President of the West Pomeranian ICT Cluster, recently spoke at the international workshops for the CONSIDERATION project, which focuses on digital strategy development for SMEs.  Here are some of Marcin’s thoughts on why and how SMEs must navigate the digital landscape during AI revolution.     ➡ Embracing Digital   The digital-first approach is now a necessity. As the future workforce and consumer base increasingly prefer digital interactions, adopting a global digital business model is essential.  ➡ The Inevitability of Digital Ecosystems  For SMEs, integrating into digital ecosystems is inevitable and vital. Through horizontal and vertical platforms, SMEs can achieve significant digital integration without substantial investments.  ➡ Navigating Big Tech Dependencies  While the EU focuses on regulation, SMEs often rely on platforms from US Big Tech companies, that focus on innovation. This dependency poses risks of market dominance and loss of control over business specifics. SMEs must maintain a balanced approach, utilizing a mix of public platforms and custom software that protect their USPs.  ➡ Hybrid Digital Solutions:   Consileon Polska supports a hybrid approach to digital transformation. This strategy combines the capabilities of existing platforms with bespoke solutions tailored to secure the unique aspects of an SME’s business. This method ensures that companies can benefit from both scale and customization.  ➡ Building Reliable AI  The cornerstone of digital strategies is "Reliable AI". It is crucial to remember that AI is fundamentally about the quality data. Expert management of training data is essential to ensure the integrity and reliability of AI solutions.    Are you ready for digitalization in the AI era?    For more insights into the CONSIDERATION project and digital strategy development for SMEs, visit: ➡ https://lnkd.in/dECVkYyJ #DigitalTransformation #SMEs #AI #ReliableAI #Technology #Innovation #BusinessStrategy   

𝐆𝐞𝐧 𝐀𝐈 𝐢𝐬 𝐭𝐫𝐚𝐧𝐬𝐟𝐨𝐫𝐦𝐢𝐧𝐠 𝐆𝐂𝐂𝐬 𝐢𝐧𝐭𝐨 𝐢𝐧𝐧𝐨𝐯𝐚𝐭𝐢𝐨𝐧 𝐡𝐮𝐛𝐬. Indian GCCs are leading the charge in adopting AI to drive business growth and create a competitive advantage. Read more #ETEdgeInsights #GenAI #GCC #Innovation #Transformation #AIpowered Sameer Dhanrajani

The Australian government has recently launched the Artificial Intelligence (AI) Adopt Program, an ambitious initiative to enhance #AI adoption among small and medium-sized enterprises (SMEs). The program focuses on establishing up to five AI Adopt Centres, dedicated to assisting SMEs engaged in international and interstate trade in integrating AI technologies into their businesses. The initiative offers grants between A$3 million and A$5 million over a period of four years, covering up to 50% of the eligible project expenditure. The program targets Australian businesses capable of setting up centres to help other Australian SMEs adopt AI technologies. More at http://ow.ly/CVkI1059GLr #Proactive #ProactiveInvestors #ArtificialIntelligence #AI #AIadopt #SME #Automation

Such productive discussion!

𝗧𝗿𝗮𝗻𝘀𝗳𝗼𝗿𝗺𝗶𝗻𝗴 𝗔𝗜 𝗔𝗰𝗰𝗲𝘀𝘀 𝗳𝗼𝗿 𝗦𝗺𝗮𝗹𝗹 𝗮𝗻𝗱 𝗠𝗲𝗱𝗶𝘂𝗺 𝗕𝘂𝘀𝗶𝗻𝗲𝘀𝘀𝗲𝘀 The landscape of artificial intelligence is undergoing a seismic shift, driven by unprecedented cost reductions and innovative technologies. According to ARK Invest, the cost to operate 𝗔𝗜 𝗺𝗼𝗱𝗲𝗹𝘀 𝗶𝘀 𝗱𝗲𝗰𝗹𝗶𝗻𝗶𝗻𝗴 𝗮𝘁 𝗮 𝘀𝘁𝗮𝗴𝗴𝗲𝗿𝗶𝗻𝗴 𝗿𝗮𝘁𝗲, 𝗵𝗮𝗹𝘃𝗶𝗻𝗴 𝗮𝗽𝗽𝗿𝗼𝘅𝗶𝗺𝗮𝘁𝗲𝗹𝘆 𝗲𝘃𝗲𝗿𝘆 𝗳𝗼𝘂𝗿 𝗺𝗼𝗻𝘁𝗵𝘀, which means advanced AI tools are becoming accessible to small and medium-sized enterprises (SMEs) like never before. As synthetic data and API integration evolve, specialized AI consultancies are emerging as pivotal players. They can offer tailored 𝘀𝗼𝗹𝘂𝘁𝗶𝗼𝗻𝘀 𝗮𝘁 𝗮 𝗳𝗿𝗮𝗰𝘁𝗶𝗼𝗻 𝗼𝗳 𝘁𝗵𝗲 𝗰𝗼𝘀𝘁 𝗼𝗳 𝘁𝗿𝗮𝗱𝗶𝘁𝗶𝗼𝗻𝗮𝗹 𝗰𝗼𝗻𝘀𝘂𝗹𝘁𝗶𝗻𝗴 𝗳𝗶𝗿𝗺𝘀, democratizing access to AI technology. By leveraging these API-driven solutions, SMEs can seamlessly 𝗰𝗼𝗼𝗿𝗱𝗶𝗻𝗮𝘁𝗲 𝗲𝘅𝗶𝘀𝘁𝗶𝗻𝗴 𝘀𝗼𝗳𝘁𝘄𝗮𝗿𝗲 𝘀𝘆𝘀𝘁𝗲𝗺𝘀, enhancing operational efficiency and significantly reducing maintenance costs. SMEs connecting with expert AI consultants can implement systems that optimize and streamline their current operations. This transformation enables companies to harness the power of AI without the prohibitive costs, proving that AI is not just for the giants of the industry. As we move forward, it’s crucial for SMEs to embrace this wave of innovation. #innovation #entrepreneurship #leadership #Technology

✨️Today, we had an inspiring discussion about how AI technology can elevate SMEs to new heights. It's incredible to see the potential that artificial intelligence brings to small and medium enterprises (SMEs), enabling them to compete on a larger scale and drive growth more effectively. 🤖 AIME is proud to support Indonesian SMEs in their journey towards technological advancement. By integrating AI into their operations, SMEs can streamline processes, enhance customer experiences, and make data-driven decisions that lead to sustainable growth. Recent data underscores the transformative impact of AI on SMEs: - 𝐈𝐧𝐜𝐫𝐞𝐚𝐬𝐞𝐝 𝐄𝐟𝐟𝐢𝐜𝐢𝐞𝐧𝐜𝐲 : A study by McKinsey & Company reveals that AI can boost business productivity by up to 40%. - 𝐄𝐧𝐡𝐚𝐧𝐜𝐞𝐝 𝐂𝐮𝐬𝐭𝐨𝐦𝐞𝐫 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 : According to Deloitte, 56% of SMEs using AI report significant improvements in understanding customer needs and behaviors. - 𝐂𝐨𝐬𝐭 𝐑𝐞𝐝𝐮𝐜𝐭𝐢𝐨𝐧 : The World Economic Forum notes that AI-driven automation can reduce operational costs by up to 20%. 🍕By embracing AI, SMEs are not only keeping pace with larger competitors but also driving innovation in their industries. At AIME , we are committed to providing the tools and support necessary for SMEs to leverage AI technology and achieve remarkable success. Let's keep advocating for technological progress and empowering our SMEs in their pursuit of excellence. By working together, we can make a meaningful impact on both the economy and society🇮🇩 Thank you Mas Bima S. Mas Roy Salat for your time🙏🍕 Madi rohmadi Budi Putra #AIME #AI #SMEs #Innovation #Technology #Growth #AIME

How AI and Deep Tech are Transforming Businesses? The adoption of AI and Deep Tech in business is rapidly growing, bringing significant benefits alongside challenges and opportunities🔥At the Techsauce Global Summit 2024, Thanapong Boontaeng (Head of Tech Lab, SCB 10X), Steven Tong (Venture Partner, PEN Ventures APAC), Karen Lau (Chief Operations Officer, Sunway Innovation Labs, Sunway Group) and Thiraya Thiranakanat (Co-founder & CEO, CareerVisa Thailand) discussed this topic and shared their perspective in the session "Business Process Innovation: Leveraging AI and DeepTech for Streamlining Processes." Here's a summary: . What are Key Challenges in AI Adoption? ◽Skill Shortage: The demand for AI talent is high, but there aren't enough skilled professionals. ◽Data Readiness: Gathering accurate, high-quality data for training AI models is challenging. ◽Finding Suitable Use Cases: Identifying business problems solvable with AI and evaluating ROI remain crucial. . Opportunities for AI-Driven Businesses: ◽Increased Efficiency and Productivity through AI-powered automation. ◽Improved Decision-Making with data-driven insights ◽Enhanced Customer Experience through personalized interactions. ◽New Business Models enabled by AI.   . Successful Examples of AI Application: ◽Logistics: AI reduced document preparation time for delivery staff by 90%. ◽Healthcare: AI diagnosed cancer from ultrasound images more accurately than experts. ◽HR: AI streamlined candidate selection and performance management. . Strategies for AI Adoption: ◽Start with the Business Problem: Clearly define the problem before considering AI solutions. ◽Build a Capable Team: Assemble experts in both business and technology. ◽Prioritize Data: Gather high-quality, usable data. ◽Monitor and Adapt: Continuously track performance and be ready to adjust. In conclusion, each speaker emphasized the importance of AI for enhancing efficiency and gaining a competitive edge. However, successful AI adoption requires careful planning, investment, and a skilled team. #SCB10X #TechsauceGlobalSummit #Techsauce2024 #AI #Deeptech

𝗧𝗿𝗮𝗻𝘀𝗳𝗼𝗿𝗺𝗶𝗻𝗴 𝗔𝗜 𝗔𝗰𝗰𝗲𝘀𝘀 𝗳𝗼𝗿 𝗦𝗺𝗮𝗹𝗹 𝗮𝗻𝗱 𝗠𝗲𝗱𝗶𝘂𝗺 𝗕𝘂𝘀𝗶𝗻𝗲𝘀𝘀𝗲𝘀 The landscape of artificial intelligence is undergoing a seismic shift, driven by unprecedented cost reductions and innovative technologies. According to ARK Invest, the cost to operate 𝗔𝗜 𝗺𝗼𝗱𝗲𝗹𝘀 𝗶𝘀 𝗱𝗲𝗰𝗹𝗶𝗻𝗶𝗻𝗴 𝗮𝘁 𝗮 𝘀𝘁𝗮𝗴𝗴𝗲𝗿𝗶𝗻𝗴 𝗿𝗮𝘁𝗲, 𝗵𝗮𝗹𝘃𝗶𝗻𝗴 𝗮𝗽𝗽𝗿𝗼𝘅𝗶𝗺𝗮𝘁𝗲𝗹𝘆 𝗲𝘃𝗲𝗿𝘆 𝗳𝗼𝘂𝗿 𝗺𝗼𝗻𝘁𝗵𝘀, which means advanced AI tools are becoming accessible to small and medium-sized enterprises (SMEs) like never before. As synthetic data and API integration evolve, specialized AI consultancies are emerging as pivotal players. They can offer tailored 𝘀𝗼𝗹𝘂𝘁𝗶𝗼𝗻𝘀 𝗮𝘁 𝗮 𝗳𝗿𝗮𝗰𝘁𝗶𝗼𝗻 𝗼𝗳 𝘁𝗵𝗲 𝗰𝗼𝘀𝘁 𝗼𝗳 𝘁𝗿𝗮𝗱𝗶𝘁𝗶𝗼𝗻𝗮𝗹 𝗰𝗼𝗻𝘀𝘂𝗹𝘁𝗶𝗻𝗴 𝗳𝗶𝗿𝗺𝘀, democratizing access to AI technology. By leveraging these API-driven solutions, SMEs can seamlessly 𝗰𝗼𝗼𝗿𝗱𝗶𝗻𝗮𝘁𝗲 𝗲𝘅𝗶𝘀𝘁𝗶𝗻𝗴 𝘀𝗼𝗳𝘁𝘄𝗮𝗿𝗲 𝘀𝘆𝘀𝘁𝗲𝗺𝘀, enhancing operational efficiency and significantly reducing maintenance costs. SMEs connecting with expert AI consultants can implement systems that optimize and streamline their current operations. This transformation enables companies to harness the power of AI without the prohibitive costs, proving that AI is not just for the giants of the industry. As we move forward, it’s crucial for SMEs to embrace this wave of innovation. #innovation #entrepreneurship #leadership

"New research by our AI Forum NZ shows AI is boosting productivity with minimal job loss. The research will continue to track AI’s evolving impact, providing policymakers and business leaders regular insights to guide decisions on AI investment, regulation and integration." Driving productivity gains | Read the latest NZTech news here: https://lnkd.in/gm4mF3g2 #nztech #seetomorrowfirst