February 29, 2024

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New AI HUB Sets Taiwan as a Global Leader in Artificial Intelligence

Intent on upgrading its existing industries and becoming a global leader, Taiwan’s government launches its new Artificial Intelligence (AI) hub. The island nation has identified the capabilities of AI to increase the productivity and efficiency of various industries. Hence, the government decided to adopt multiple measures to support industrial AI research and development.

Added to this, Taipei is asking the private sector to promote the deployment of AI solutions via Public-Private Partnerships (PPP) programs in the country. Already, Taiwan’s business community is witnessing an uptick in the AI adoption rate due to past efforts.

Taiwan’s artificial intelligence drive called the AI HUB initiative is led by Taiwan Industrial Development Bureau. To gather needed data and come up with a viable plan, the group interviewed over 20 industry associations regarding their pain points and problem areas. To date, there are more than 50 artificial intelligence applications in the country.

An industry expert is quick to point out how such a move by the public sector could boost the private sector today in using artificial intelligence. She disclosed that the use cases for AI are growing rapidly, but enterprises may still be reluctant to risk adoption. Thus, government programs that support AI companies and startups, as well as adopting enterprises, are an important way to increase the development of the industry.

Moreover, she added that the effort made by Taiwan Industrial Development Bureau goes a long way in helping companies operating in various sectors to quickly adopt AI technologies in a way that meets the real and immediate needs of their industries. In short, such a government-led initiative could move the needle when it comes to AI adoption.

Taiwan’s AI HUB seeks the improvement of key areas to accelerate the growth of artificial intelligence. These areas include:

  • Providing better support to companies for helping them in the R & D process.
  • Providing incentives to enterprises for adopting AI technologies.
  • Tailoring the program to develop AI adoption for the real and immediate needs of industry segments.
  • Highlighting various use cases to point out the advantages of AI technologies.

The AI HUB has been doing due diligence for quite some time. To date, the initiative has meticulously designed its plan of action by monitoring international trends in the AI market. Such a calculated move should ensure the effectiveness and success of the newly launched initiative.

The global artificial intelligence software market is forecast to grow rapidly in the coming years, reaching around 126 billion U.S. dollars by 2025. Overall, the AI market includes a wide array of applications such as Natural Language Processing (NLP), robotic process automation, and machine learning.

Taiwan’s foray into AI could make it a haven for established AI businesses and AI startups from the region, in the process making it a centre for artificial development initiatives in Asia  — and possibly the world.

Today, the island nation’s economy has a competitive edge with distinct advantages. Its semiconductor manufacturing industry has been widely considered as unrivalled as it supplies the world with the most chips yearly. It is also the country’s biggest industry and one that has attracted thousands of workers from the region.

Good things are in the offing for Taiwan, again with the advancement of technology. Experts believe the rise of smart cars is bound to give the country’s chipmaking industry another boost in production in the future, as reported on OpenGov Asia. That should mean greater opportunities to grow.

Putting all that side by side with its recent AI HUB initiative should create a pretty picture for the country as one digital economy growing positively, and fast.

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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.

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CTC Global Singapore, a premier end-to-end IT solutions provider, is a fully owned subsidiary of ITOCHU Techno-Solutions Corporation (CTC) and ITOCHU Corporation.

Since 1972, CTC has established itself as one of the country’s top IT solutions providers. With 50 years of experience, headed by an experienced management team and staffed by over 200 qualified IT professionals, we support organizations with integrated IT solutions expertise in Autonomous IT, Cyber Security, Digital Transformation, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Well-known for our strengths in system integration and consultation, CTC Global proves to be the preferred IT outsourcing destination for organizations all over Singapore today.

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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.

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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.

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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. 

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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.

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