- Survey shows AI is poised to take off, with 95% of Hong Kong CIOs saying AI budgets are met or exceeded.
- The challenges to be met with rapid evolution, demonstration of return on investment and the presence of the right talents
HONG KONG, March 7, 2024 – Today, at Lenovo’s inaugural Tech World Hong Kong event, Lenovo brought together global technology leaders and innovators to showcase its deep commitment to driving AI transformation across all sectors in Hong Kong and the Greater Bay Area (GBA) and its vision of “AI for all”.
At the event, Lenovo shared some findings from Hong Kong enterprise CIOs(I) based on a global survey of international executives focused on the opportunities and challenges of artificial intelligence (AI). As global interest in AI reaches its peak, the survey results indicate how important AI has become to Hong Kong businesses.
95% of Hong Kong CIOs surveyed said their AI budget requests were met or exceeded, with 44% saying they have more than what is needed. Generative AI is the enabler, with 56% of respondents saying it provides the most business value today, compared to traditional or analytical AI (28%).
However, the survey also revealed several challenges that need to be addressed if Hong Kong is to take full advantage of AI. Only 55% of CIOs say they are adequately prepared to scale AI, with security, speed to market and availability of the right talent among the top obstacles. Nearly nine in ten Hong Kong CIOs believe human capital will be key to AI development.
While 88% of respondents agree that as technology becomes more powerful, organizations have a greater responsibility to inform and explain how they use it to external stakeholders, less than a quarter of CIOs believe their corporate policy for operational/ethical use of IT is AI. -ready. Meanwhile, at the corporate leadership level, only 35% of CIOs say their organization’s leaders have a strong understanding of AI and AI-related technologies.
“At a time when AI has enormous potential to boost key knowledge-based business sectors in Hong Kong, it is clear that our CIOs and IT departments still have a lot of work to do to deliver measurable AI results. AI to their organizations and ensure that AI applications are accountable, secure and compliant with internal business practices and external regulations. With the right talent essential, Lenovo has partnered with various educational organizations in Hong Kong, ranging from universities to vocational training institutions, to develop a wide range of talents needed for businesses to rapidly innovate and scale AI. said Ken Wong, president of Lenovo. Solutions and Services Group.
In addition to revealing the current AI opportunity in Hong Kong, Tech World also presented Lenovo’s vision for a future where AI technology is accessible and beneficial for all. Highlighting initiatives such as the partnership with local NGO Bridge AI and Formula 1®, Wong highlighted the company’s focus on the ethical use of AI and meaningful innovation. Through live demonstrations and discussions at the event, attendees witnessed the power of Lenovo’s AI-based solutions designed to meet the diverse needs of individuals and businesses.
Lenovo’s strategic collaborations with local institutions and contributions towards making Hong Kong a leading smart city and technology hub were also highlighted. Lenovo’s AI Professional Services Practice helps customers accelerate AI implementation from concept to results and provides access to data management for high-performance workloads through a data-driven model. consumption. Additionally, the Lenovo AI Innovators program helps organizations access enterprise AI by partnering with more than 50 of the industry’s leading software providers.
The company also introduced several new AI-based solutions that meet Hong Kong businesses’ demand to deploy responsible AI quickly and cost-effectively. Caring for just onefor example, leverages AI to improve employee experience and productivity. Lenovo Smart Sustainability Solutions Advisor uses AI to enable customers to see and plan for the complex environmental impact of IT decisions, while Cyber Resiliency as a Service combines Lenovo’s managed services capabilities with Microsoft’s AI technology stack to improve IT security for Hong Kong businesses.
“Lenovo’s vision for an AI-powered future is clear: a future where technology is not just about smarter devices, but also about creating a more inclusive, sustainable and intelligent world for all,” said said Ken Wong. “As we realize our ‘AI for All’ vision, Lenovo is not only part of the AI revolution; she is leading it, promising a transformative impact on the way Hong Kong and the world live, work and interact.
For more details on Tech World Hong Kong 2024 and to further explore Lenovo’s AI initiatives, visit https://www.lenovo.com/hk/en/events/techworld
(I) Lenovo surveyed 750 CIOs across 10 global markets in February 2024. The Hong Kong sample included 75 Hong Kong IT directors, 65% of whom work for organizations with annual revenues exceeding $100 million. Full survey results, including comparisons between CIOs in Hong Kong and other markets, will be released in April 2024.
