SEAnews 2018-09-08 ArtNo.46366

【New Delhi】In Asia Pacific, artificial intelligence (AI) adoption is already so robust that a vast majority of organisations have already implemented AI in one form or another within areas such as information technology, supply chain and logistics, as well as research and development.
　According to IDC’s Data Age 2025 report, global data growth is expected to rise exponentially to 163 zettabytes by 2025, and with its vibrantly growing economies, emerging pools of talent, and highly connected population, APAC is potentially a key region to drive this growth. We see evidence of this in government initiatives such as Singapore’s Smart Nation vision, China’s goal to become a world leader in AI, and India’s NITI Aayog that will initiate the country’s first-ever national policy on AI – all of which point towards APAC’s appetite to embrace AI and the opportunities it brings.
　The reality of implementing AI within an organisation is not a simple task. Organisations are yet to invest sufficient man hours and budgets when it comes to AI development and implementation. However, budgets and resources are just part of the puzzle – oftentimes there are multiple factors at play such as whether there is a clear strategy and direction within the business backed by the commitment from senior leadership and the right talent to drive overall AI adoption within an organisation. (The author B.S. Teh is senior vice president of global sales and sales operations at Seagate Technology)

○Kotak launches UPI 2.0 Hackathon in partnership with Nasscom, iSPIRT

【Bengaluru】Kotak Mahindra Bank (Kotak) has announced the launch of the UPI 2.0 Hackathon in partnership with Nasscom and iSPIRT.
　The Kotak UPI 2.0 Hackathon is designed to motivate participating start-ups, fintechs and students to challenge the status quo and design innovative solutions encompassing merchant and enterprise payments on the newly launched United Payments Interface (UPI) 2.0 platform.

【News source】

Niti Aayog efforts for national policy on Artificial Intelligence points towards India’s appetite to embrace AI: Seagate

Kotak launches UPI 2.0 Hackathon in partnership with Nasscom, iSPIRT

Kotak Mahindra Bank launches UPI 2.0 Hackathon

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