Nearly 100 AI solutions introduced to Vietnamese firms

The event was organised by the HCM City centre for digital transformation (DX Centre) in collaboration with the Vietnam IT Outsourcing Alliance (VNITO) and partners.

DXCentre Director Phan Phuong Tung said the solutions, developed by Vietnamese enterprises, aim to better customers’ experience and enterprises' productivity and are suitable for such areas as e-commerce, retail sales, finance and banking, insurance, information security, education and training, health care, agriculture, service, and production.

At the conference, domestic and foreign experts discussed roadmaps, process and methods for combining AI with digital transformation, and data strategy with AI strategy, as well as the cost of AI implementation, among others.

The global AI market was valued at around US$93.5 billion in 2021, and is expected to grow 38.1% annually during 2022 - 2030, which reflects the technology’s important role in supporting and improving firms’ business operation.

As AI could generate more money than its costly initial investment, firms should identify their targets and strategies, and choose suitable technologies.

Data strategy should be put at the heart of their attention since efficient data building and management are the key basis that ensures AI models run effectively and bring long-term value, they added.