2nd May 2018 | By Mouseworld Now Correspondent |

Seagate-Technology-logoSingapore – May 2, 2018 — Business Organizations in the Asia Pacific region stand are well poised to overhaul their IT infrastructure to embrace Artificial Intelligence technologies and realise the productivity gains offered by such technologies, reveals new research from global data and storage leader Seagate Technology.

The study finds 96 per cent of senior IT professionals believe AI applications will drive productivity and business performance. However, an almost equal number of respondents (95%) believe further investments in their IT infrastructure are required to enable them to support their use of AI.

The Seagate research, “Data Pulse: Maximising the Potential of AI”, explores the varying readiness levels of AI adoption and implementation by business segments across key markets in Asia Pacific (APAC) as well as the opportunities and challenges faced by organisations when looking to incorporate AI applications.

The study identified 89 percent of organisations plan to implement AI technologies in the next 12 months, in areas within the organisation including IT, supply chain logistics, product innovation and R&D, as well as finance and customer support. However, two-thirds of respondents indicated they struggled to know where to start.

“Analysts, leading technology companies and thought leaders alike are discussing that companies that embrace AI will gain a significant competitive edge. With its vibrantly growing economies, emerging pools of talent, and highly connected population, there are tremendous opportunities for APAC in reaping the benefits of AI,” said BS Teh, senior vice president, global sales and sales operations of Seagate Technology.

Teh further adds, “In order to take full advantage of the considerable benefits brought by AI, Asia Pacific organisations should proactively look to develop robust infrastructure and ecosystems to support the needs of data analytics and real-time data processing.”

Despite robust adoption of AI technologies in the region, the report found that a significant number of organisations have not invested in the data and technical solutions required to support the technology fully. 89% of the respondents are planning to implement AI solutions, but 31% do not think enough is being invested. One in five organisations indicated they were not ready or able to handle the increasing data streams from the use of AI applications.

Further, while 95 percent of respondents believe there is an increasing need for robust data storage solutions with growing AI applications, 15 percent say they have not invested sufficiently in data storage to be ready for AI now or in the future.

As per the key findings of the study, 96% of respondents in APAC believe that AI applications will drive productivity and business performance. A full 74% of respondents we’re found to have already begun implementing AI solutions, with 89% indicating they will implement AI technologies in the next 12 months

The study further reveals that 70% of organisations surveyed agree AI will have a significant impact on their industry within three years.

95% of respondents believe there is an increasing need for robust data storage solutions with growing AI applications, yet 15% say they have not invested sufficiently in data storage to be ready for AI now or in the future. 94% of the respondents agree that data security is critical for AI, yet more than 10% do not update and review their data security strategy regularly.

However, the study noted some key challenges to AI implementation as well. The challenges include
Clear strategy and direction, IT infrastructure, Budget, Leadership team’s commitment, and finally, finding the right talent.

The key areas of AI implementation we’re found to be IT ( 73%), Supply Chain / Logistics ( 51%), Production Innovation & R&D (45%), and Customer Support (43%).

In India, nearly all respondents (90%) said they have implemented AI in one or more areas of their business – one of the highest in the region (vs. 74% in APAC). These areas include IT (83%); Customer Support (46%); Product Innovation/R&D (42%); and Supply Chain/Logistics (38%).

Almost every respondent in India said he is planning to use or adopt more AI solutions in the next 12 months (99%). Around 80% believe AI will have an apparent impact on their industries within 3 years.

According to IDC, the global datasphere subject to data analysis, may grow by a factor of 50 to 5.2ZB in 2025, and the amount of analysed data that is processed by machine learning, natural language processing, and artificial intelligence may grow by a factor of 100 to 1.4 ZB in 2025. Being able to expand network storage capacity quickly and cost effectively without disrupting service level agreements is critical in today’s world of data. Already US$39 billion has been invested in AI worldwide, with Asia Pacific spending to reach US$4.6 billion by 2021.

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