Australian Government urged to allocate millions towards AI

Tech giant’s conduct was found to be liable to mislead the public. Australian Information Industry Association (AIIA) is calling on the Federal Government to allocate A$250 million in the May budget to ensure Australia becomes a global leader in AI research and commercialisation and doesn’t fall behind its international peers.…

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DBS fortifies NAV Planner with AI-powered investment advisory feature

Part of ongoing efforts to democratise access to wealth management services. DBS Bank has added an AI-powered financial and retirement planning tool NAV Planner, which will provide specific investment recommendations that are tailored to their investment profile. The bank has adopted a multi-dimensional approach to help investors determine their investment…

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Vietnamese university pushes several tech initiatives

From piloting digital admission testing to opening an AI centre with South Korea. Hanoi University of Science and Technology (HUST) has signed onto a pilot of the computer-based admission test using Khaothi.Online platform, to work towards advancing evaluation and testing systems for high-quality training and effective education services. Working FPT…

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The technologies transforming the finance sector

Jacqueline Loh deputy managing director Monetary Authority of Singapore talks about innovation. Innovation is transforming the financial sector. Digitalisation of financial services has made it easier for financial institutions to expand their global footprint, opened the door to new players, and set the stage for increasing cross-border connectivity. The adoption…

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EGAT adopts AI to improve efficiency

IBM’s AI-powered enterprise asset management platform to help improve energy productivity and operational efficiency. The Electricity Generating Authority of Thailand (EGAT), Thailand’s largest power producer under the Ministry of Energy has selected IBM’s AI-powered enterprise asset management solutions to help manage the assets of its electric power plants. IBM’s AI-powered…

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Factories of the future

New manufacturing sites join the World Economic Forum’s Global Lighthouse Network as leaders in applying Fourth Industrial Revolution technologies. A community of world-leading manufacturers using Fourth Industrial Revolution technologies to enable bottom-line growth, despite the COVID-19 pandemic’s unprecedented disruption, 93 per cent of manufacturers achieved an increase in product output…

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Mixed reality for New Zealand energy supplier

Aiming to reimagine energy during a full country lockdown Genesis Energy operates 1800megawatts (MW) of hydro, thermal, and wind-based power stations across New Zealand’s North and South Islands, providing electricity to around 500,000 customers. Maintaining these complex, geographically diverse infrastructure assets typically requires specialised engineers to fly between sites to…

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Enterprise intelligence for India in 2021 and beyond

The pandemic has exposed the gaps and shortcomings in analytics and AI/ML models for the Indian organisations. The COVID-19 pandemic has been driving demand for intelligence technologies to enable new ways of working, reports IDC FutureScape: Worldwide Future of Intelligence 2021 Predictions – India Implications that contextualizes Future of Intelligence predictions…

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