AI Takes Centre Stage at Lenovo Tech World Hong Kong

• Survey exhibits AI poised to take off, with 95% of HK CIOs saying AI budgets met or exceeded
• Challenges forward with velocity of scaling, demonstrating ROI and having the best expertise

HONG KONG, March 7, 2024 – At Lenovo’s inaugural Tech World Hong Kong occasion in the present day, Lenovo gathered worldwide expertise leaders and innovators to showcase its deep dedication to driving AI transformation throughout industries in Hong Kong and the Larger Bay Space (GBA) and its imaginative and prescient of “AI for All.”

On the occasion, Lenovo shared some findings of Hong Kong company CIOs[i] primarily based on a world survey of worldwide leaders specializing in the alternatives and challenges of synthetic intelligence (AI). As world curiosity in AI is peaking, the survey outcomes point out how vital AI has develop into for enterprises in Hong Kong.

95% of Hong Kong CIOs surveyed stated that their requests for funds for AI are being met or exceeded, with a full 44% saying they’ve greater than what is required. Generative AI is the catalyst, with 56% of respondents saying it’s offering probably the most enterprise worth in the present day, in contrast with conventional or analytical AI (28%).

Nonetheless, the survey additionally revealed a number of challenges to be met if Hong Kong is to take full benefit of AI. Solely 55% of CIOs stated they’re adequately ready to scale AI, with safety, velocity to market, and having the best expertise among the many key obstacles. Nearly 9 out of 10 HK CIOs consider human capital might be key to scaling AI.

Whereas 88% of respondents agreed that as expertise turns into extra highly effective, organisations have a higher accountability to tell and clarify how they’re utilizing it to exterior stakeholders, lower than one-quarter of CIOs consider their company coverage on operational/moral IT use is AI-ready. In the meantime, on the company management stage, solely 35% of CIOs stated the management of their organisations have a powerful understanding of AI and AI-related applied sciences.

“At a time of big potential for AI to supercharge key Hong Kong knowledge-based enterprise sectors, it’s clear that our CIOs and IT departments have a number of work nonetheless to do to ship measurable outcomes of AI for his or her organisations and be certain that AI purposes are accountable, safe, and compliant with inner enterprise practices and exterior rules. With the best expertise being integral, Lenovo has partnered with varied instructional organisations in Hong Kong, starting from universities to vocational establishments, to develop a large spectrum of expertise wanted for corporations to innovate and scale AI shortly,” stated Ken Wong, President of Lenovo’s Options and Companies Group.

Along with revealing Hong Kong’s present AI alternative, Tech World additionally outlined Lenovo’s imaginative and prescient for a future the place AI expertise is accessible and useful for everybody. Highlighting initiatives just like the partnership with native NGO, Bridge AI, and Components 1®, Wong emphasised the corporate’s deal with moral AI use and significant innovation. By reside demonstrations and discussions on the occasion, attendees witnessed the ability of Lenovo’s AI-driven options tailor-made to fulfill the varied wants of people and enterprises.

Lenovo’s strategic collaborations with native establishments and contributions towards making Hong Kong a number one sensible metropolis and expertise hub have been additionally spotlighted. Lenovo’s AI Skilled Companies Follow helps clients speed up AI implementation, from idea to outcomes, and permits information administration for high-performance workloads to be accessed by a consumption-based mannequin. Moreover, the Lenovo AI Innovators Program helps organisations acquire entry to enterprise AI by partnering with greater than 50 of the industry’s main software program suppliers.

The corporate additionally demonstrated a number of new AI-powered options that meet Hong Kong enterprise demand to deploy accountable AI shortly and cost-effectively. Care-of-One, for instance, harnesses AI to enhance worker expertise and productiveness. Lenovo Clever Sustainability Options Advisor makes use of AI to allow clients to see and plan the complicated environmental impression of IT choices, whereas Cyber Resiliency as a Service combines Lenovo’s managed companies capabilities with Microsoft’s AI tech stack to enhance Hong Kong businesses’ IT safety.

“Lenovo’s imaginative and prescient for an AI-powered future is evident – a future the place expertise is just not solely about smarter gadgets but additionally about making a extra inclusive, sustainable, and clever world for all,” stated Ken Wong. “With our ‘AI for All’ imaginative and prescient coming to life, Lenovo is not only taking part within the AI revolution; it’s main it, promising a transformative impression on how Hong Kong and the world reside, work and work together.”

For extra particulars on Tech World Hong Kong 2024 and to discover Lenovo’s AI initiatives additional, go to https://www.lenovo.com/hk/en/occasions/techworld  

[i] Lenovo surveyed 750 CIOs from 10 world markets in February 2024. The Hong Kong pattern included 75 Hong Kong Chief Info Officers, 65% of whom work for organisations with greater than US$100 million in annual revenues. Full survey outcomes, together with comparisons between CIOs in Hong Kong and different markets, might be printed in April 2024.