THE ARTIFICIAL INTELLIGENCE ( AI ) LANDSCAPE IN THE ASIA PACIFIC ( APAC ) REGION
HUMAN CAPITAL
Expected to be a significant business advantage in the future , Business Chief APAC looks at the adoption of AI and human collaboration in APAC ’ s HR
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THE ARTIFICIAL INTELLIGENCE ( AI ) LANDSCAPE IN THE ASIA PACIFIC ( APAC ) REGION
With an expected total value of US $ 156 . bn as 2020 comes to a close , artificial intelligence ( AI ) technology is predicted - by 72 % of executives - to be the most significant business advantage as we look to the future . Despite the economic impact of COVID- 19 , the International Data Corporation ( IDC ) expects investments in AI to recover , projecting that the worldwide revenue will surpass US $ 300bn by 2024 .
While Gartner predicts that global AI will be incorporated into 47 % of organisations ’ HR functions by 2022 , research conducted by Protiviti indicates that specifically the APAC region is adopting the technology at a faster rate than others around the world . Protiviti ’ s report found that , compared to Europe ( 7 %) and North America ( 11 %), 22 % of organisations in APAC are at advanced stages of deployment .
DECEMBER 2020