Intelligent CIO APAC Issue 08 | Page 41

FEATURE : AI
This study shines a light on the struggle to balance the potential benefits of AI and ML against the on-going challenges of getting AI / ML initiatives off the ground . While some early adopters are already seeing the benefits of these technologies , others are still trying to navigate common pain points such as lack of internal knowledge , outdated technology stacks , poor data quality or the inability to measure ROI .
Participants of the survey in the APJ region rated themselves slightly higher at 18 % compared to global statistics a 17 % for advanced maturity in AI / ML ). APJ participants were more likely to be using AI / ML in more applications and use cases and are spending significantly more on average than global participants ( US $ 1.3 million vs US $ 1.06 million ). Respondents in the APJ region also noted seeing more benefits of their AI / ML efforts such as increased productivity and better streamlined processes .
Interestingly , the APJ region rates the inability to find the right data as a bigger challenge ( 26 %) compared

IN LINE WITH SINGAPORE ’ S SMART NATION INITIATIVE ,

THE COUNTRY HAS BEEN TAPPING ON AI

AND AUTOMATION TO PRESERVE ITS

COMPETITIVE ADVANTAGE .

to global participants ( 22 %). Also , one of the biggest impacts of AI / ML for businesses in APJ has been the ‘ blurring of lines between human and technology factors ’, which is 5 % higher from what the global respondents have stated .
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