Asia: Becoming A Powerhouse Of Artificial Intelligence

There has been a rapid increase in the adoption and development of artificial intelligence across the globe. Business platforms are depending on AI for better growth, efficiency, and digital transformation. Cutting-edge technologies like 5G will escalate the use cases of AI across industries. According to McKinsey Global Survey 2020, 50% of respondents reported that their companies have adopted AI in at least one business function.

The global leaders in AI adoption, research, and development include Asian countries like China, Singapore, and Japan. A Channel Asia report says, “Certainly, Asia Pacific is expected to emerge as a major market for AI-led initiatives since most countries in the region are establishing committees or task forces for creating national AI strategies, which have either been launched or are on the course of being launched in the next few years.”

The World Intellectual Property Organization report revealed that Japanese and American companies hold the highest AI patent portfolios, and Chinese research organizations make up 17 of the top 20 academic players in AI patenting and 11 of the top 20 in AI-related scientific publications.

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