Business Chief APAC+ANZ Magazine August 2020 | Page 70
TECHNOLOGY
AI and machine learning pose major questions for nations at all stages of development and Asia and the ASEAN region are no different
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A rtificial intelligence ( AI ) has no universal definition , though its applications are perhaps its best descriptors . As computing speed and power rise while purchasing costs fall , the accelerated development of AI systems , those capable of completing actions typically reliant on human cognition to be accomplished accurately or at all , shows no signs of slowing down . Businesses are integrating technologies capable of automating simple tasks across their operations , from data collation , entry and analysis to payroll systems that can accurately and securely calculate an employee ’ s earnings against the myriad factors that could affect them month to month . The desire to work smarter rather than harder , repurposing existing staff freed from repetitive tasks so that they can contribute to value-added activities , is steering global business