Navigating our way towards an AI-ready future for Singapore
Industry analysts have predicted an explosion of experimentation, adoption and use of artificial intelligence (AI) over the next few years. According to Gartner, by 2020, 85 percent of CIOs will be piloting AI programmes and AI-generated business value will more than triple from US$1.2 trillion in 2018 to US$3.9 trillion by 2022.
A recent study conducted by Microsoft and IDC Asia/Pacific estimated that artificial Intelligence (AI) will nearly double the rate of innovation and employee productivity improvements in Singapore by 2021, and the majority of people in Singapore believe that AI will either help to do their existing jobs better or reduce repetitive tasks.
As governments and businesses accelerate their investments in AI, and work on developing AI skills and talents to support the rapidly-expanding AI ecosystem, AI is also increasingly being used to create new opportunities to improve education and healthcare, address poverty and achieve a more sustainable future.
As we move forward into an AI-shaped future, all parties – from workers to organisations to the government – need to spend more time listening to each other, collaborating and learning new skills in order to collectively navigate our way through the rapidly evolving digital future. At the same time, Microsoft is committed to making it easier for businesses to adopt AI, while making it a priority to help people and businesses navigate the threats that surface to realise the potential that AI has on the economy and society.
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