In our article: SMEs Have Survived Without Venturing Online, But the Next Tech Revolution May Truly Leave Them With No Choice, the case was made that Malaysian SMEs need to double up efforts in transitioning into the digital world, due to the wider and potentially negative disruptions brought about by Artificial Intelligence (AI) and Big Data, and that the AI revolution has already begun with significant inroads being made by major search engines in 2017. Venture capital specialists in the field share the same sentiments about the paradigm-shifting capabilities of AI and Big Data, and believe that 2018 may be the start of a golden age for investing in the technology—Wharton Business School. The underlying technology driver is machine learning, or more specifically deep learning, where progress has now reached a stage where mass commercialization looks increasingly possible. Hopefully, this adds to the urgency for the SME sector to digitally transform before missing the boat yet again.
Click on the image below to read the transcribed interview from Wharton.