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Singapore (ANTARA/ACN Newswire) – Artificial intelligence (AI) has experienced a breakout year in 2023. The rapid democratisation of AI is leading to a surge in wide-spread adoption across industries, with many companies integrating the burgeoning technology into their products. However, the brave new world of AI brings about new challenges such as cybersecurity, sustainability and ethical concerns. Balancing the risks and rewards of AI was one of the hottest topics at Tech Week Singapore, Asia’s leading technology event organised by CloserStill Media. More than 600 technology pioneers, leading businesses, and public leaders convened to discuss the complexities of AI.
“In 2022, the world woke up to ChatGPT, and for many of us, this moment ushered in a new era for Generative AI,” remarked Dr. Aik Beng Ng, Regional Manager of NVIDIA AI Technology Centre. “We are just beginning to realise the true potential of AI where it meets the physical world. Currently the AI experience is very much digital. The next generation of AI is where AI meets the full extent of every industry out there such as transportation, manufacturing, and more.”
However, the benefits of AI are matched with threats in equal measure. Dr. Magda Chelly, Co-founder of Responsible Cyber, said: “On one hand, AI technologies have the potential to amplify cyberthreats, weaving a web of complexities, including its usage by various stakeholders in an ecosystem. This phenomenon would raise exponential risks, and might create a domino effect when a cyberattack or data breach happens. Such a scenario might not only lead towards a disruption but a full-scale interruption within a wider supply chain and ecosystem.”
She added: “Yet, we also see an unparalleled opportunity for AI to bolster our cyber defences, especially when incorporated into data analysis and process optimisation. By embracing AI in cybersecurity and third-party risk management strategies, businesses gain a clearer visibility into the cascading risks in their ecosystems. It’s crucial to understand that AI doesn’t merely represent the threat horizon but is an essential ally in navigating it.”
“2023 marks the year that AI exploded into public consciousness. As we enter this new age of AI, there are more questions than answers. How can leaders separate tactics from media noise and what are the priorities for business leaders entering this new AI-enabled future? What strategies will make sense to a small-medium enterprise versus a multinational corporation?,” said Andy Kiwanuka, Managing Director for Asia Pacific at CloserStill Media. “At the heart of Tech Week Singapore is a multi-layered content programme for leaders to share best practices and envision new possibilities where technology is the enabler for a better future.”
Tech Week Singapore will run until 12 October 2023 at the Sands Expo and Convention Centre.
About CloserStill Media
For media enquiries, please contact:
Jaclyn Phan
Mutant Communications for CloserStill Media
+65 9081 2448
Shannen Tan
Mutant Communications for CloserStill Media
+65 9660 5210
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