Publication date: 16 Aug 2023
Asia/Pacific* Takes the Lead in Generative AI Investments for 2023 Amidst Global Regulatory Evolution, According to IDC
Regional leaders strike a balance between innovation and risk management using regulatory frameworks
SINGAPORE, August 16, 2023 – According to the recently released IDC report, Exploring the Opportunities and Challenges of GenAI: Implications for Asia/Pacific Governments, the Asia/Pacific* (AP) region leverages its favorable regulatory environment to tap into the economic potential of Generative AI (GenAI). The region also actively explores novel technologies while dealing with fewer regulatory obstacles and receives strong government support for fostering innovation. Consequently, AP is already leading other regions in prioritizing GenAI investments.
This IDC study examines the vast opportunities and challenges of GenAI facing Asia/Pacific* governments. It comprehensively analyzes GenAI's adoption trends supported by IDC survey data and market engagement. Emphasizing the crucial role of governments, it calls for robust regulatory frameworks based on validated AI principles. The report concludes by providing essential guidelines to effectively embrace GenAI, fostering responsible use and maximizing its transformative potential in the region's digital economy.
Highlights of the report include:
- Asia/Pacific* organizations lead in prioritizing GenAI investments due to its proactive stance on new technologies and government support. IDC Survey data shows that two-thirds of AP organizations are exploring potential use cases or are already investing in GenAI technologies in 2023.
- The ongoing evolution of GenAI technology and data management presents challenges for governments developing regulatory frameworks that provide guardrails without creating obstacles to innovation.
- Challenges to effective use cases include data quality, ethical issues, deepfakes, copyright and IP complexities, talent shortages, and high costs of the technology.
- Governments in several countries in AP have already initiated guidelines that will likely shape the direction of future policy and regulatory frameworks. These guidelines include the adoption of key principles such as transparency, data protection, safety, IP protection, open data access, and ethical standards to address the immediate challenges.
"Asia/Pacific governments’ support has definitely spurred GenAI investments in the region. However, it is imperative for AP governments to prioritize and craft robust regulatory frameworks to address various obstacles, that could inhibit the economic possibilities they envision," says Ravikant Sharma, Senior Research Manager, Government Insights, IDC Asia/Pacific.
For more information on this IDC document, please contact Ravikant Sharma at email@example.com. For media inquiries, please contact Miguel Carreon at firstname.lastname@example.org or Michael de la Cruz at email@example.com.
*Asia/Pacific including Japan
IDC Government Insights
IDC Government Insights works with Governments throughout the world to digitally transform - to provide better quality services to citizens, while improving the efficiency, effectiveness, and delivery of government programs and services. Its global team of analysts with decades of industry experience, advise central and local governments how to make the delivery of government services more efficient, effective, and engaged. For more information, please visit https://www.idc.com/prodserv/insights/government or email firstname.lastname@example.org.
International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the information technology, telecommunications, and consumer technology markets. With more than 1,300 analysts worldwide, IDC offers global, regional, and local expertise on technology and industry opportunities and trends in over 110 countries. IDC's analysis and insight helps IT professionals, business executives, and the investment community to make fact-based technology decisions and to achieve their key business objectives. Founded in 1964, IDC is a wholly-owned subsidiary of International Data Group (IDG), the world's leading tech media, data and marketing services company. To learn more about IDC, please visit www.idc.com. Follow IDC on Twitter at @IDCAP and LinkedIn. Subscribe to the IDC Blog for industry news and insights.
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