AI can boost productivity, address skill shortages, and reduce costs in emerging markets via localisation, according to AI venture capitalists and startups at the IMF-World Bank Annual Meetings in Bangkok.
- AI deployment remains limited in specific business areas despite high adoption rates.
- Emerging markets face local challenges requiring technology adaptation to local customers and markets.
- The opportunity lies in focusing AI beyond core business functions to better meet local needs.
Why it matters
For SMEs in Thailand and similar markets, integrating AI technologies tailored to local conditions can streamline operations and reduce costs, potentially improving competitiveness without large-scale deployment.
Source: Bangkok Post
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