Malaysia set to harness the power of AI with $1 billion park and scholarship programme

By March 2020News

Malaysia set to harness the power of AI with $1 billion park and scholarship programme

Malaysia set to harness the power of AI with $1 billion park and scholarship programme

Malaysia amps up in the artificial intelligence race with Malaysia’s first AI park and scholarship programme that will drive technological development in the country. 

The park is expected to give a boost to Malaysia’s economy by supporting efforts to enable a commercial AI ecosystem and make advancements in AI research. The billion dollar development will look to grow local artificial intelligence talent by taking advantage of computer vision, speech recognition and natural language processing.

This news comes after a study by Microsoft and IDC Asia Pacific, which found that employee productivity is expected to improve by 60% in Malaysia with the help of AI. But despite these developments, we are forced to face the facts, how advanced is AI in Malaysia and what are the main challenges we currently face?

Malaysia’s response to the challenges of AI

The top three challenges faced by business leaders who are adopting AI include a lack of thought leadership and leadership commitment to invest in AI, a lack of skills, resources and continuous learning programmes as well as a lack of advanced analytics or adequate infrastructure and tools to develop actionable insights. 

To overcome these issues and encourage growth, Malaysia’s former Minister of Communications and Multimedia, Gobind Singh Deo, introduced the MYINDUSTRY AI Scholarship, an AI-focused Masters funded by the industry, universities, and Malaysia Digital Economy Corporation (MDEC).

How has Malaysia used AI?

AI plays a significant role in data aggregation by understanding dark data, data retention and providing data integration for best analytics results. Machine learning, analytics, and AI can objectively identify data that is seldom or never used. This technology can then recommend disposal of the data. For instance, these processes can pick out pieces of data or records that haven’t been accessed for more than five years, indicating that the data could be obsolete. 

While these advancements don’t always have the same discernment abilities as humans, this technology can save an employee time hunting down potentially obsolete data because now all they need to do is to determine whether there is any reason to keep it. 

Recently, AI made a historic, yet controversial, appearance in Malaysia’s justice system to assist in crunching data and sentencing during two drug cases. Machine learning can make a very manual process more efficient by automatically developing “mappings” between data sources and the application’s data repository. This cuts down integration and aggregation times.

At the backbone of AI lies its critical infrastructure of Cloud and datacenters. The demand for computing power is ever-increasing since the rise of AI. This challenges the ability of existing infrastructure to cope with high density, which is why Malaysia has seen growth in this industry and is tapped as a key location for datacenters.

Consult industry leaders and expert speakers on how AI is the key for IR4.0 and harnessing the power of this revolutionary technology only at the Malaysia Cloud & Datacenter Convention 2020

Due to the current COVID-19 situation, W.Media will be postponing all its live events that were scheduled in the first half of the year into the later part of 2020. Stay connected with our series of webinars and online private executive briefings at https://w.media/webinar/ .

Follow us on Linkedin and/or Facebook to get the latest updates. 

Author

W.Media Editor

Receive the Latest News

Latest News

Pandemic fuels growth for AWS, Microsoft, Google and more global cloud providers in Q1 2020
May 2020

Pandemic fuels billion dollar growth for AWS, Microsoft, Google and more global cloud providers in Q1 2020

May 2020 | News | No Comments
The COVID-19 pandemic has fuelled the growth of global cloud providers, including AWS, Microsoft Azure, Google Cloud and more in Q1 2020. More businesses are moving to the cloud to…
Read More
May 2020

W.Media Tech Talk: Revolutionising industries with open networking

May 2020 | News | No Comments
For years, large companies have been disaggregating their data center networks, but now this is rapidly moving into the enterprise space as well as telco and public sectors. More than…
Read More
May 2020

Keppel DC REIT acquires data center tenant in Netherlands for S$1.55

May 2020 | News | No Comments
Keppel DC REIT, the first data centre real estate investment trust listed in Asia, announced the acquisition of Borchveste Almere, the REIT’s tenant at Almere Data Centre in the Netherlands.…
Read More
May 2020

W.Media Spotlight Digital Event: A promising post-pandemic future for digital transformation in Southeast Asia

May 2020 | News | No Comments
Businesses across Southeast Asia are looking to rapidly initiate digital transformation strategies after being forced online to continue operations during the pandemic. More than 180 top executives joined C-level speakers…
Read More
May 2020

Interview: A young cybersecurity pioneer’s dream for a safer Singapore

May 2020 | News | No Comments
At the age of 18, a young cybersecurity pioneer named Ben Chua established Cyber Youth Singapore in 2019 and became its CEO with the dream of creating a safer Singapore.…
Read More
Power Partners (Vertical)
Comments
Back to Events