AI is poised to unleash the next wave of business transformation, particularly amid the current pandemic. Impacted by supply chain disruptions and continuing social distancing measures, businesses have been accelerating AI development since the outbreak of COVID-19 to help mitigate risks and maintain business continuity. In fact, the AI market is expected to generate total revenues of US$554.3 billion by 2024, with a five-year compound annual growth rate (CAGR) of 17.5%, according to the IDC.
Although AI and Machine Learning (“ML”) provide businesses with opportunities to capitalize on the vast potential of big data, they also pose urgent challenges in…
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