Hong Kong enterprises stay “cautious” about constructing and deploying artificial intelligence (AI) purposes, owing to the challenges of buying high-quality information and uncertainties within the technology’s return on funding, in accordance with a survey.
Conducted by Paris-based digital consultancy fifty-five in the course of the Google Cloud Summit in Hong Kong final month, the survey confirmed that many native companies haven’t but initiated any AI-driven tasks. There had been 139 survey respondents on the convention.

That reluctance stems from “uncertainties around initial investment and expected returns”, as the event of AI purposes require sure refined applied sciences, in accordance with the consultancy.

About 36 survey respondents stated they’ve adopted AI in chatbots and buyer providers, whereas 35 respondents stated they use the expertise for choose inside purposes comparable to efficiency insights and alerts.

Artificial intelligence in Hong Kong enterprises has been adopted in chatbots and buyer providers. Photo: Shutterstock

The survey additionally confirmed that just about 40 per cent of respondents haven’t established complete methods for information assortment and reconciliation, that are foundational components for coaching AI methods. About 29 per cent of respondents stated they’re nonetheless within the early stage of constructing such methods.

“The effectiveness of AI depends not only on the AI tool but more importantly on the data ingested into the model,” stated Ivan Yuen, experience and innovation supervisor at fifty-five.

The survey confirmed that overcoming challenges associated to information high quality and availability is “essential for the successful adoption of AI” by Hong Kong corporations, Yuen stated. He added that poor information high quality and availability might lead to deceptive insights and bias generated by AI.

The findings present that Hong Kong enterprises have loads of catching as much as do by way of AI adoption, in contrast with the aggressive deployment being seen on the mainland.

Hong Kong enterprises have loads of catching as much as do by way of adopting synthetic intelligence to remodel the native economic system. Photo: Shutterstock
Meanwhile, ChatGPT creator OpenAI has tightened measures to block attempts from “unsupported countries and territories”, together with mainland China and Hong Kong, to entry its generative AI providers. This is anticipated to additional complicate efforts by Hong Kong builders to construct AI purposes.

The fifty-five survey additionally identified that the dearth of correct sources and expertise are a serious concern for increasing AI adoption within the metropolis.

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