In November 2017, the Ministry of Science and ICT in South Korea announced the I-Korea 4.0 initiative that aims to secure a new growth engine for the country by investing heavily in emerging technologies such as artificial intelligence (AI) to boost national productivity and competitiveness.
From Seagate’s perspective, South Korea’s solid background in the ICT sector and strong government support give the country an advantage when it comes to rolling out AI-centric initiatives. Expanding investments from local and international enterprises will also help nurture the ecosystem and talent pool. Organisations around the world are at varying stages of considering, exploring or adopting AI technologies.
Based on our recently conducted survey ― Data Pulse: Maximising the Potential of Artificial Intelligence ― here are three reasons South Korea is in a good position on its AI journey:
- 60% of the organisations in South Korea have already implemented AI, and 81% of them have plans to implement (more) AI in the next 12 months
A large number of the organisations in South Korea have already embarked on their AI journeys with further adoption and growth expected in the future. This shows that most organisations are proactively looking into their overall strategies and adoption plans in regard to AI. No matter which stage they are at, building a clear strategy and direction is a key factor in organisations making big strides in AI implementation.
- AI is already present in various sectors within South Korea including IT(72%), supply chain and logistics(38%), product innovation and R&D(40%), customer support(30%) and more
Rather than a technology that is used only by select cutting-edge organisations, AI application is in fact more prevalent than many would have thought, even in traditionally labour-intensive sectors such as customer support.
- Almost 60% of organisations are already spending a moderate to large amount of their budget on the development and implementation of AI, and over 95% believe they should continue to invest in IT infrastructure to handle the ever-increasing amount of data
Organisations in South Korea are making proactive investments in view of the Fourth Industrial Revolution, in which AI is at the core. Data and sound IT infrastructure are key pillars that need to be continuously reviewed and optimised for the successful implementation of AI.
About Data Pulse: Maximising the Potential of Artificial Intelligence
The study consists of 600 respondents comprising senior IT professionals in Australia, China, India, Singapore, South Korea and Taiwan. Each market had 100 respondents across multiple industries such as ICT, Retail, Manufacturing, Construction, Financial Services and Logistics. Seagate commissioned SPARC International to conduct the market research from December 2017 to January 2018.