Connect with us

Hi, what are you looking for?

News

AI, hybrid cloud computing to level playing field for Asian MSMEs, says IBM

Multinational corporation IBM announced on June 2 several partnerships involving artificial intelligence (AI) and hybrid cloud computing that signal a “rapid reordering of business” in Southeast Asia. 

“The cloud is a great leveler,” said IBM general manager for the Asia Pacific Paul Burton, at the IBM Think 2022 conference in Singapore.

“Size doesn’t mean what it used to be in terms of punching power and market reach. What does that mean? It means think bigger. You don’t have to remain local — unless [that’s] your objective,” he said, noting the cloud’s usefulness for micro, small, and medium enterprises.    

IBM is partnering with the Electricity Generating Authority of Thailand (EGAT), a power producer supervised by Thailand’s Ministry of Energy, for the use of AI-powered asset management solutions to its power plants; the Korea Electric Power Corporation (KEPCO), for the establishment of a performance evaluation platform for its assets; Thailand-based Siam Commercial Bank (SCB), for the adoption of IBM’s zSystem to run applications that support customer data and transactions; and Malaysia’s Silverlake Axis, an independent software vendor, for fintech infrastructure. 

AI AS BUSINESS DIFFERENTIATORTwo studies conducted by IBM show that harnessing AI to increase sustainability is a top priority in the business sector. 

The Global AI Adoption Index 2022 surveyed 7,502 senior business decision-makers and found that business adoption of AI grew at a steady pace in the last 12 months. Findings from Singapore further found that almost two out of five IT (information technology) professionals in the country report that their organization is using AI in their business (39%). About half also say their company applies AI to accelerate ESG (environmental, social, and governance) initiatives (46%).  

These findings support a separate global CEO study on sustainability that found that while about half (48%) of CEOs say increasing sustainability is one of their highest priorities for their organization in the next two to three years, 33% say technological barriers stand in the way of implementing this priority.   

Every massive transformation across time has been punctuated by new technology, Mr. Burton said.  

“If you go back in time to 0 C.E., the line was flat until the 1800s, and then it started arching up. What happened in the 1800s? Steam power,” he added. The trend continued in the 1950s with intercontinental transportation, in the 1970s with computing enterprises, and in the 1990s with the Internet.   

“We are now on the cusp of another disruption, another punctuation — which is AI,” Mr. Burton said. Hybrid cloud and data harnessed by AI “will see an acceleration of the standard of living of everyone living on this planet,” he added. — Patricia B. Mirasol

Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest

News

REUTERS TRADE Secretary Alfredo E. Pascual’s intention to join more free trade agreements received backing from major business chambers, who declared support for participating...

News

NATIONAL IRRIGATION ADMINISTRATION PHOTO RELEASE SUBSIDIES provided to government-owned and -controlled corporations (GOCCs) declined by 82.31% year on year to P7.905 billion in May,...

News

PHILIPPINE STAR/ MICHAEL VARCAS AGRICULTURE and fisheries planning needs to be more “bottom-up” to better meet the needs of farmers and fisherfolk, steering away...

News

REUTERS ERIC BROTEN had planned to sow about 5,000 acres of corn this year on his farm in North Dakota, but persistent springtime rains...

News

(First of two parts) Family-run businesses require structures that are necessary to ensure a smooth transition. In the Philippines, the wealth of ultra-high net...

News

THOUSANDS of supporters of President Ferdinand “Bongbong” R. Marcos, Jr. are unfazed by the rain during a free concert held in Manila on the...

You May Also Like

News

BW FILE PHOTO GROSS BORROWINGS by the National Government reached P2.6 trillion as of end-September as it continued to raise funds to respond to...

News

REUTERS By Luz Wendy T. Noble, Reporter The country’s foreign exchange buffers slightly increased as of end-October as the value of the central bank’s...

News

COVID-19 has had a significant impact on the mental health of Filipinos across different groups all over the archipelago. From frontline workers, parents balancing...

Financial Advisors

The healthcare ecosystem is one that has thrived on the cusp of scientific progress, benefitting enormously from the winds of change in the technological...

Disclaimer: Respect Investment.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2022 Respect Investment. All Rights Reserved.