At least a quarter of Taiwanese companies have begun operationalising Artificial Intelligence (AI) in the organisation and reaping the business benefits, according to the latest State of Taiwan Enterprise AI report. A little less than 25% of respondents have either entered or moved past, the level four stage of the Enterprise AI Maturity Cycle — the phase where AI is being operationalised in the organisation, with deployments showing business value.
Most Taiwanese companies — at over 83% of those surveyed overall — have begun the development and deployment phase of introducing AI and machine learning into their organisation. The report shows a strong level of commitment and action towards introducing AI and machine learning into organisations across the board.
Taiwanese enterprises are focused on AI to improve organisational efficiency. All the respondents ranked organisational efficiency higher than cost-cutting when considering their objectives for deploying AI. The fact that Taiwanese enterprises had higher deployment rates (20%, with some respondents claiming 50%) of models — mathematical algorithms trained using data — than the global rate (13%) is another indicator of just how much the organisations were concerned about improving efficiency.
Taiwan’s high model deployment rates were surprising, as they are considerably higher than previously published figures. This is likely due to the rapidly growing wealth of experience globally on successful model deployment in various use cases, and the information sharing of these successful case studies, have enabled Taiwanese enterprises to quickly learn and adopt these models, hence leading to higher success rates. Another reason is a strong focus on applicability in research. Any investment into AI projects would strongly focus on driving on its return and success rates.
While these driven approaches to AI adoption is effective for achieving quick wins, there is less exploratory research and experimentation on models that could push the frontier forward and deepen adoption. Access to quality data within the organisation remains a key obstacle in AI adoption. Two-thirds of the respondents (67.6%) respondents said they were unable to access the data they needed for their business applications and operations.
The State of Taiwan Enterprise AI 2021 report analysed the adoption of AI machine learning technologies and their applications by Taiwanese enterprises. It also drew comparisons between Taiwan and other economies to help local and global communities understand the AI transformation in enterprises.
According to an article, the government has assisted both the information and digital industries of the six core strategic industries to verify AIoT application services, thereby export to the international market. National Development Council stated that Taiwan will continue to cooperate with t companies and optimise the AI development environment through investment, technology, and rearing talent.
Since there have been many high-quality AI companies, Taiwan will increase its investment and explore more AI teams this year. The Taiwanese government is confident that there will be several promising companies in the AI field in Taiwan.
As reported by OpenGov Asia, AI is becoming an increasingly prominent part of daily life in Taiwan and around the world. AI is also radically changing the way governments and businesses operate, with applications in computing, learning, reasoning, sensing and visual recognition promising to boost efficiency, productivity and profits.
Given its central role in the digital transformation of society, AI is being promoted alongside other revolutionary technologies such as 5G, Internet of Things (IoT) and semiconductors by Taiwan’s government. These technologies impact innovation by enabling new products, services and business models.
The convergence of 5G mobile broadband, AI, big data analytics, cloud computing and IoT is taking manufacturing and other industrial sectors to new heights of productivity and innovation. The positive impact of the Fourth Industrial Revolution, or Industry 4.0, can be fully realised through the wide-scale deployment of 5G in combination with other connectivity solutions.
