Category: Ai & ML

The Malaysian government expects the National IR4.0 policy to improve the country’s productivity by 30% across all sectors by the end of 2030, and Artificial Intelligence (AI) is a significant part of that. But the adoption rate is slow, with only 15% – 20% of companies embracing it, with the main challenges being lack of […]

Research has shown that Artificial Intelligence (AI) technology can increase gross domestic product by up to 26 per cent in the next decade. In Malaysia, advanced AI knowledge and skills are still considered black swan competencies. Malaysia faces a lack of talent in these skills sets. That’s why, few National Occupational Skills Standards (NOSS) listed […]

KUALA LUMPUR: With RM3.4 billion (US$800 million) fund to fuel artificial intelligence (AI) innovation, Skymind Holdings Bhd (Skymind) intends to do its part in transforming Malaysia into an ‘AI nation’. Skymind vice president for growth division Rafe Azsnal said AI is set to fundamentally revolutionise almost all aspects of daily life, citing various key expert […]

EVEN though she has been in the tech industry for more than 30 years, Datuk Yasmin Mahmood still possesses the passion and enthusiasm of a young start-up, always eager to put on the table innovative ideas that could change the industry. This time, she has come out of semi-retirement to pursue her passion, which is […]

Artificial intelligence (AI) — the art of using algorithm in making decisions — has now made a court appearance in Malaysia with a bang. Not as a defendant — it would have been a novel case had it been so — but as an aid to help the magistrate with sentencing. Will AI stop there? […]

KUALA LUMPUR: Malaysian consumers willing to allow banks to share data for Open Banking-based services – but privacy objections must be overcome for wide adoption. New research from Unisys Corporation into Malaysia’s banking industry revealed that domestic consumers are willing to embrace new bank services based on emerging technologies such as artificial intelligence (AI) and […]

A search on the Internet on artificial intelligence (AI) produces various results. But in general, the term AI refers to the simulation of human intelligence processes by computer systems. Recognising AI’s capacity to influence both business and social settings via innovative solutions, several universities in Malaysia have focused on producing a diverse range of AI-related […]

The top 100 global banks, including Goldman Sachs, are beginning to take AI strategies very seriously. Most banks are focusing their efforts on AI-enabled applications for risk mitigation, particular fraud detection and cybersecurity systems. These applications have a proven history of ROI in the financial services industry. According to our AI Opportunity Landscape research in financial services, fraud and cybersecurity applications account for more […]