Singapore has ambitious aims regarding AI: By 2030, the country wants to be a leader in developing and deploying scalable, impactful AI solutions, in key sectors of high value and relevance to their citizens and businesses.
Until 2035 AI could add up in Singapore to US$215 billion in gross value (in 11 different industries) according to Accenture. Therefore, the National Artificial Intelligence (AI) Strategy has been established. It spells out plans to deepen the use of AI technologies to transform the economy, going beyond just adopting technology, to fundamentally rethinking business models and making deep changes to reap productivity gains and create new areas of growth.
Singapore has identified five National AI Projects in transport and logistics, smart cities and estates, healthcare, education, and safety and security, where AI technologies will be used to address key challenges and deliver strong social and/or economic impact for Singapore and Singaporeans. The National AI strategy also outlines five key enablers to anchor a vibrant and sustainable AI ecosystem, to drive AI innovation and adoption across the economy.
Xephor Solutions has already identified this opportunity in 2017 and from that time on started to establish business relationships in Singapore!