How Asia Pacific Can Use AI to Unlock Economic Opportunity

Generative AI offers significant economic opportunities globally, with substantial potential gains projected by 2030. For countries to harness this, strong institutional, infrastructural, organizational, and ethical foundations are crucial.

Salesforce’s Asia Pacific Readiness Index reveals leading economies like Singapore, Japan, and China are implementing policies to capitalize on generative AI.

However, a growing readiness divide exists across the region. Success hinges on robust infrastructure, quality data, skilled workforces, ethical considerations, and seamless integration of AI technologies. The overall AI readiness in Asia-Pacific is advancing, with AI now a national priority driving economic growth and societal transformation.

• For countries to succeed in the age of generative AI, they need strong institutional, infrastructural, organizational and ethical foundations.
• In Asia-Pacific, economies such as Singapore, China, Japan, South Korea and Australia have put in place policies that should help them capture the opportunities offered by generative AI.
• That’s according to the latest Asia Pacific Readiness Index from Salesforce, which measures the AI readiness of 12 countries across the region.

Artificial Intelligence (AI) has become an everyday reality for consumers, businesses and governments globally. The emergence and evolution of generative AI — technology that takes a set of data and uses it to create something new — accelerated in 2023. Across the world, consumers are using generative AI for daily information needs, and organizations are incorporating it into their operations.

As one of the most transformative technologies to date, generative AI helps users achieve new levels of creativity, productivity and effectiveness, and is changing the way governments and businesses are thinking about AI. A recent study found that two-thirds (67%) of IT leaders are prioritizing generative AI for their business within the next 18 months, with one-third (33%) claiming it as a top priority. Similarly, 72% of companies surveyed say they will significantly increase their investments in AI over the next three years.

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