- Survey shows AI is ready to take off, with 95% of Hong Kong CIOs saying their AI budgets are being met or exceeded
- Future challenges include speed of scale, demonstrating ROI, and securing the right talent.
Hong Kong, March 7, 2024 – Today, at Lenovo's inaugural TechWorld Hong Kong event, Lenovo brought together international technology leaders and innovators to demonstrate the company's deep commitment to driving AI transformation across industries in Hong Kong and the Greater Bay Area (GBA). We introduced our vision of “AI for All.”
At the event, Lenovo shared the results of a survey of CIOs of Hong Kong companies.[i] Based on a global survey of international leaders focused on the opportunities and challenges of artificial intelligence (AI). As global interest in AI peaks, the survey results show how important it is to businesses in Hong Kong.
95% of Hong Kong CIOs surveyed said their AI budget requirements were met or exceeded, and 44% of them said they had more budget than they needed. . Generative AI is the catalyst, with 56% of respondents saying generative AI is delivering the most business value today compared to traditional or analytical AI (28%).
However, the study also revealed that Hong Kong faces several challenges if it seeks to make the most of AI. Only 55% of CIOs say they are well prepared to scale AI, with security, speed to market and having the right talent being the key barriers. Almost 9 out of 10 of his CIOs in Hong Kong believe human capital is key to scaling AI.
88% of respondents agreed that as technology becomes more powerful, organizations have an increased responsibility to inform and account for how they use it to external stakeholders, but IT operations Less than a quarter of CIOs believe their corporate policies regarding the ethical and ethical use of AI. -Ready. Meanwhile, at the corporate leadership level, only 35% of CIOs said they had a deep understanding of AI and AI-related technologies.
“At a time when AI has great potential to power Hong Kong's key knowledge-based business sectors, we are committed to helping our CIOs and IT departments bring tangible results of AI to their organizations and ensure they leverage AI applications. It is clear that there is still much work to be done to ensure that we are responsible, safe, and compliant with internal business practices and external regulations. The right talent is essential, so Lenovo We are partnering with a variety of educational institutions in Hong Kong, ranging from training institutes, to develop the broad talent pool businesses need to rapidly innovate and scale AI,” said Ken Wong, President of Lenovo. Solutions and Services Group.
In addition to highlighting Hong Kong's current AI opportunities, Tech World also outlined Lenovo's vision for a future where AI technology is accessible and beneficial to everyone. Mr. Wong highlighted initiatives such as partnerships with local NGOs, Bridge AI, and F1®, underscoring the company's focus on ethical AI use and meaningful innovation. Through live demonstrations and discussions at the event, attendees witnessed the power of Lenovo's AI-powered solutions tailored to meet the diverse needs of individuals and businesses.
Lenovo's strategic collaboration with local institutions and its contribution to making Hong Kong an advanced smart city and technology hub were also highlighted. Lenovo's AI Professional Services practice helps customers accelerate AI implementations from concept to results and provides access to data management for high-performance workloads through consumption-based models. Additionally, the Lenovo AI Innovators Program helps organizations gain access to enterprise AI by partnering with more than 50 industry-leading software providers.
The company also demonstrated several new AI-powered solutions that meet the demands of Hong Kong businesses to quickly and cost-effectively implement responsible AI. care of oneFor example, leverage AI to improve employee experience and productivity. Lenovo Intelligent Sustainability Solutions Advisor uses AI to help customers see and plan for the complex environmental impacts of their IT decisions. Meanwhile, Cyber Resiliency as a Service combines Lenovo's managed services capabilities with Microsoft's AI technology stack to improve IT security for Hong Kong companies.
“Lenovo's vision for an AI-powered future is clear: a future where technology creates not just smarter devices, but a more inclusive, sustainable and intelligent world for everyone,” said Ken Wong. I am. “With the vision of “AI for All'' realized, Lenovo is not only participating in his AI revolution; it is leading Hong Kong and is transforming the way Hong Kong and the world live, work, and interact. We are committed to making an impact.”
To learn more about Tech World Hong Kong 2024 and learn more about Lenovo's AI initiatives, please visit https://www.lenovo.com/hk/en/events/techworld.
[i] Lenovo conducted a survey of 750 CIOs across 10 markets worldwide in February 2024. The Hong Kong sample includes 75 chief information officers in Hong Kong, 65% of whom work for organizations with annual revenues of more than US$100 million. The full findings, including comparisons between her CIOs in Hong Kong and other markets, are expected to be published in April 2024.
