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rtificial intelligence (AI) is growing faster than ever in the Asia Pacific (APAC) region owing to the rise in machine learning capabilities. The AI market in APAC has recently shifted from nascent stage to intermediate stage. The growth of AI technology in the APAC region is mainly because of the huge chunks of data base created through AI powered platforms such as software suites, wearable devices, and chatbots.

AI technology can efficiently manage such huge and complex set of database. Moreover, rising focus on developing a human aware automated system is creating an opportunity across high-tech end –user industries.

Furthermore, there are specialised software frameworks to support and develop AI technology. Technology companies in APAC region deploy software framework that support AI technology as per their preference. For instance, AI companies in China prefer Tensor Flow and Caffe, whereas companies in Singapore prefer Microsoft CNTK, and Japanese companies prefer Chainer software to support AI technologies.

AI technology is a vital part of the digital future which will have biggest impact on the APAC region. Machine learning, natural language processing, big data analytics, speech recognition, voice recognition, and image processing are amongst the major AI technologies to grow at a faster rate in the APAC region.

Government investment and presence of key players such as Microsoft, IBM, Facebook, Google, and Hewlett-Packard Enterprise is driving the AI market in the APAC region especially in economies such as China, Japan, Singapore, and India. For instance, recently Singapore’s National Research Foundation has announced (AI.SG) initiative with an investment of USD 107.64 million to uplift artificial intelligence technology across Singapore’s R&D institutes.

Intelligent video analytics surveillance through AI has recently gained high importance in the APAC region. Increasing need for security especially in residential and commercial areas, mob control, and traffic control are fuelling the market for AI. For instance, human being can monitor very few commercial and residential areas at a time, and if there are more than 500 residential or commercial spaces it will be difficult for human being to monitor and track all the flats and commercial spaces at the same time. Artificial intelligence will not only help in monitoring and track suspicious activities but also send alert notification to the police thus improving security. Companies such as Cisco, Fujitsu, Huawei, and Hikvision are key players involved in the process of developing AI technology for video surveillance. Moreover, in order to increase AI applications, technology companies are planning to focus on smartphone and tablets apps to penetrate in the growing APAC region.

Artificial intelligence has several advantages over traditional computing methods which have resulted in gaining momentum in recent years. Reduction in error, ease in mining and fuel exploration, digital assistants to interact with users, perform multiple monotonous tasks within speculated time with accuracy, and detect and monitor neurological disorders are few benefits of deploying AI technology. Moreover in the APAC region AI has gained much importance because of its capacity to provide personalised experience to its customers which helps is better customer engagement and service especially in the technologically advanced economies such as China and Japan.

Risks associated with current AI technology

AI is likely to exhibit human emotions with the advent in technology. Moreover industry experts have come across certain risk associated with the advanced AI or super intelligence AI technology. AI is a constructive technology, however sometimes it develops destructive methods to achieve its goals. For instance, if a person asks an AI powered autonomous car to reach a certain destination in a stipulated time, the car will take the person to desired place but it might not care if a person is uncomfortable with the speed. Furthermore, AI powered autonomous weapons can be devastating resulting in mass causalities. For instance, if AI powered autonomous weapons falls in the hand of a wrong person it can lead to AI war, which may cause mass destruction.

Moreover, high cost of deployment, lack of improvement in technology, lack of original creativity, and unemployment caused by replacing of human beings with automated machine are some of the disadvantages of deploying AI technology.

However, with the advent of technology the AI market will continue to evolve, progress, and overcome risks associated with current AI technology. Moreover, AI is to make life easier for human being which is possible if emotional quotient is added in machine along with general intelligence.

Furthermore, ‘Sky is the limit’ for AI technology, it will not only explore new areas be it in deep ocean or space but also improve the way we live our lives or the way we think. AI will be easily adoptable through the changes it will bring in our life.

Natasha Bhiwgade

Natasha Bhiwgade is a technology analyst at ‘Markets and Markets’ since 2016. She is an electronics engineer and has a Master’s degree from Pune University, India. She is passionate about researching on emerging technologies especially artificial intelligence (AI) and internet of things (IoT).

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