
Singapore leads AI adoption in Asia: report
The country surpasses the regional average of 42% and the global average of 37%.
Around 57% of organisations in Singapore consider AI critical to their operations, making it one of the leading adopters of AI globally, according to cloud solutions company Hitachi Vantara.
Singapore leads AI adoption in Asia, surpassing the regional average of 42% and the global average of 37%.
Singaporean companies, however, struggle with data accuracy as AI models produce accurate outputs only 32% of the time.
Data availability is a key issue with businesses reporting they can access the required data only 34% of the time.
Only 30% of data is structured, which means most information used for AI is unrefined and messy.
Data storage needs in Asia are projected to increase by 123% over the next two years. This will further complicate AI implementation.
Moreover, 44% of businesses in Asia cite data security as a major concern. This is higher than the global average of 38%.
In Singapore, India, and Indonesia, data security is one of the biggest challenges to AI adoption.
Singaporean businesses are actively hiring AI talent. The country ranks amongst the highest in AI expert engagement.
Singapore, Indonesia, India, and China are investing more in external AI specialists compared to other countries in the region.