This is not only because the technology is getting better, but also because it is getting more funding, and is being built into a more diverse range of applications, platforms, and devices.
Instead of seeing AI as an unattainable technology only reserved for mature markets, growing markets such as China offer a prime example of how to forge ahead with AI thanks to the country’s economy, vast and emerging talent pool, and highly connected population.
In fact, based on the findings from our survey ― Data Pulse: Maximising the Potential of Artificial Intelligence ― that explores the readiness, gaps, and challenges of AI implementation of six key markets in Asia Pacific – companies in China are on their way to a successful AI journey, and will benefit tremendously from it. Here are three reasons why:
1. A significant number (92%) of organisations in China have developed or are already using AI or AI-enabled applications.
The high percentage of AI implementation is supported by the fact that the majority of senior IT professionals in the country believe that AI will bring significant change to their industries within three years. The high adoption rates by companies in the market give it an edge in terms of both experience and knowledge, with the opportunity to advance its AI programs continuously as more data is collected.
2. A high number of organisations (91%) in China are allocating a moderate to large portion of their budget to AI
Senior IT professionals in China believe that IT infrastructure as a whole needs to be improved for AI implementation, with 99% of them stating that there is a growing need for data storage solutions. With more funding directed towards AI implementation, more resources are likely to be put in place for the growth and expansion of AI in organisations in the future.
3. 95% of the organisations in China update their data security strategy and review it regularly.
As we collect data from more sources, new vulnerabilities to private and sensitive information also open up, potentially putting businesses and people’s lives at risk. In the age of AI when our lives become ever more intertwined with data than ever before, data security must be built in whenever and wherever possible. Organisations that are able to manage and store data securely will win the trust of users and champion the growth of AI. A large number of organisations in China have already established a regular data security strategy review, putting the market in a good position for AI growth.
This is an exciting age for companies in China and we anticipate AI will bring greater benefits to people and organisations across multiple sectors spanning both major cities and rural areas.
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.