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Wednesday, October 23, 2019

Artificial Intelligence is the future technology trend for Vietnam


Researching on Vietnam's Artificial Intelligence (AI) ecosystem, Mr. Louis Nguyen (G&H Ventures Company) affirmed: The potential of AI market in the world in general and of Vietnam in particular is enormous. It is expected that by 2030, the profitability of AI applications in all fields will increase 13 trillion times global economic value. In the first phase, in order for AI to develop, Vietnam technology companies as well as AI engineers in need to focus on researching and developing products from the specific categories.

In Vietnam, there are many fields that can be selected for research and application of AI, in which agriculture, health care, e-commerce are the fields that can make use of country's advantages. When the technology community produces many small and effective AI applications, it will contribute to raising the awareness of AI, as well as paving the way for AI to attract attention and investment in development to create breakthroughs in the future.

According to expert Sang Shin (Temansek, Singapore), Vietnamese companies need to nurture AI talents because this is the technology for the future. Vietnamese startups need to receive attention, investment, support of the government, investors, social forces in order to focus on researching and developing products that apply AI that create values for the community and capable of promoting the development of society.

Currently, there are many tech startups that choose AI to develop. Vietnam does not lack "technology talent" but it lacks "business talent" to promote the development and expand the area of application of AI products. At the same time, to create an AI product that can change the process of an industry, an area requires not only good technology engineers but also experts in the fields such as health, agriculture...

Applications of AI have the abilities to create products that are beyond human ability. For example, currently, commercial fraud is making many financial companies and banks lose about 13-15% of profits. With the collection of sufficient data, the application of state-of-the-art algorithms, AI helps detect, analyze and prevent acts of economic profiteering, contributing to reducing economic frauds. Thus, AI technology does not directly generate profits but contributes to protecting the profits earned by businesses.

Source: https://baotintuc.vn/khoa-hoc-cong-nghe/tri-tue-nhan-tao-la-xu-huong-cong-nghe-tuong-lai-20191006114801038.htm

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