AI and Cyber Security Dominate ASEAN Enterprises' Digital Transformation Priorities

PR Newswire | 20 December 2024

Investments in AI surge, but challenges in data quality and cyber security readiness persists

SINGAPORE, Dec. 20, 2024 /PRNewswire/ -- As ASEAN enterprises dive deeper into digital transformation, artificial intelligence (AI) has emerged as the crown jewel of technology investments. What does this mean? Well, according to the 2024/2025 ASEAN Enterprise Innovation Market Overview AI has surged to the forefront as the leading investment priority. Insights from over 900 ASEAN business and technology leaders across diverse industries reveal that 75% of businesses plan significant AI investments within the next two years - a leap from just 34% in 2020.

But while the race to adopt AI is accelerating, it's not all smooth sailing. Data quality and availability remain stubborn roadblocks, cited by nearly 78% of respondents as the biggest hurdle to unlocking AI's potential.

It's a complicated relationship status: while AI ambition skyrockets, the groundwork for its success is still a work in progress.

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