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Leveraging Graph Database Capabilities for AI/ML in Singapore Businesses

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AI Singapore (AISG) is looking to boost Singapore’s Artificial Intelligence (AI) and machine learning (ML) capabilities with the use of graph technology, which enhances analytics by finding unknown relationships in data that are not being identified by traditional means.

While traditional relational databases will still have many use cases, graph databases present many new possibilities for AI and ML applications. The new technology will be useful for solving some of today’s AI problems. For example, new analytics innovation or new graph algorithms may drive superior outcomes to solve the AI problem.

– Laurence Liew, Director for AI Innovation at AISG

A graph database, with its structure of nodes and edges, creates connecting and traversing links which allow for accelerated processing of inter-connected data. This makes it possible to process terabytes of data and traverse millions of connections in a fraction of a second.

AISG recently signed a memorandum of understanding (MOU) with a graph database vendor to help Singapore businesses to leverage graph database capabilities for AI/ML, and to build Singapore’s graph database capabilities and talent pool.

The collaboration is committed to helping build a steady pipeline of AI professionals with graph database analytics capabilities by supporting the research and development needs of the apprentices in AISG’s AI Apprenticeship Programme (AIAP).

The partnership is setting up a Graph AI Centre of Excellence to conduct proof-of-concept and customer projects under the 100 Experiments initiative, which seeks to help organisations solve their AI problems where no commercial off-the-shelf AI solution exists, and to build their own AI teams.

AISG is relentless about nurturing innovation and research breakthroughs that will give birth to bold ideas and applications of AI to solve societal or business challenges. With the partnership, AISG will be exploring the limitless possibilities of a graph database in support of AI and ML applications and will continue to punch above our weight in the technological and economic race.

According to Asia Pacific AI Readiness Index, Singapore is again at the top spot for readiness in the adoption of AI, compared to 10 other economies in the region. the index assesses the readiness of governments, businesses, and consumers across eleven APAC economies in their adoption of AI technologies.

Singapore leads all three indices with an overall score of 65.7 of 100. Globally, AI is expected to contribute approximately US$15.7 trillion to the world’s GDP by 2030, a $2 trillion increase from 2019. In Singapore, the AI market is projected to reach US$960 million in 2022 and US$16 billion by 2030.

COVID-19 has accelerated investment in AI across economies in APAC, with governments continuing to lead the charge on these efforts. In Singapore, whole-of-government strategies are guiding the development of AI ecosystems, and the use of AI is becoming ubiquitous.

The report recommends several measures to boost economies’ effective use of AI, including having a national AI strategy backed by robust principles; growing AI ecosystems and investing in talent; ensuring trust, as well as applying AI for social good.

The study finds that Singapore’s strong commitment to AI and its robust policy and regulatory framework is allowing it to successfully maximise the impact of AI on its economy. On business readiness, Singapore scored 49.7 points. Indicators measured include digital adoption by businesses, business sophistication as well as knowledge and creative outputs. Companies in the financial services, healthcare, tourism, and transport and logistics sectors in Singapore were found to be well-equipped to adopt AI.

The report also offers three recommendations for Singapore to maximise the use of AI in a safe and inclusive manner. First is expanding participation in regional and international AI standards-setting exercises; second is sustaining investments in bridging the AI skills gap and; third is strengthening AI provisions in Digital Economy Agreements.

PARTNER

Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private company, Qlik offers real-time data integration and analytics solutions, powered by Qlik Cloud, to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves more than 38,000 active customers in over 100 countries.

PARTNER

As a Titanium Black Partner of Dell Technologies, CTC Global Singapore boasts unparalleled access to resources.

Established in 1972, we bring 52 years of experience to the table, solidifying our position as a leading IT solutions provider in Singapore. With over 300 qualified IT professionals, we are dedicated to delivering integrated solutions that empower your organization in key areas such as Automation & AI, Cyber Security, App Modernization & Data Analytics, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Renowned for our consulting expertise and delivering expert IT solutions, CTC Global Singapore has become the preferred IT outsourcing partner for businesses across Singapore.

PARTNER

Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit www.planview.com.

SUPPORTING ORGANISATION

SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.

PARTNER

HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 

PARTNER

IBM is a leading global hybrid cloud and AI, and business services provider. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service.