SG firms lead investment in AI and machine learning technologies

Staff Reporter



Photo by Steve Johnson on Unsplash

Local companies, on common, make investments 24% of their annual funds in AI and machine learning.
Singapore is forward of the United States and the remainder of the world in phrases of synthetic intelligence (AI) and machine learning (ML) investments.
Data from Workday confirmed that Singapore companies on common make investments 24% of their annual funds in AI and ML, forward of the United States (22%) and Canada (21%), and greater than the worldwide common of 18%.
Singapore companies are additionally forward of the sport relating to implementing AI and ML throughout enterprise operations.
Half of Singapore companies (51%) are already making progress in AI and ML deployments to streamline workflows and increase the workforce. 
 According to native firms,  AI and ML technologies profit their operations in many features. Six in 10 HR leaders imagine AI and ML will allow HR to ship extra strategic worth, while finance leaders (57%) say such technologies are an entire sport changer for finance and procurement.
Looking forward, 69% of Singapore enterprise leaders imagine their organisation might be investing extra in AI and ML in 5 years. 

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