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AI can help small businesses expand, improve productivity

Update: November, 24/2018 - 08:00
Experts at a seminar at Sai Gon Innovation Hub urged small- and medium-sized enterprises to use AI to expand their business scale and improve productivity. — VNS Photo Xuân Đăng
Viet Nam News

HCM CITY— The use of Artificial intelligence (AI) by small- and medium-sized enterprises could help them expand their business, the CEO of the Social Media Command Centre said at a seminar on Thursday in HCM City.

Speaking at the Saigon Innovation Hub, Lê Công Thành said SMEs in Việt Nam should first identify their weaknesses and strengths.

"They still lack sufficient human resources, databases and digital infrastructure, but, on the bright side, know their business processes well," he said.

Professor Hồ Tú Bảo, director of the John von Neumann Institute, said AI had developed dramatically in the last five years after many decades of research.

Digital transformation is an essential step for enterprises to develop in the Industry 4.0 era, and that will include the use of AI.

SMEs in Việt Nam must build digital infrastructure and employ at least one or two people who have knowledge on AI, Bảo said.

The institute and several national universities in HCM City had launched an AI club with 40 to 60 teachers who would help enterprises access new technologies, he said.

Huỳnh Kim Tước, CEO of the Sài Gòn Innovation Hub, said many enterprises were still hesitating to apply AI due to price.

However, Tước said enterprises could buy AI technologies at an affordable VNĐ1 million to VNĐ2 million per month.

The Sài Gòn Innovation Hub organised the seminar with Khoa Học & Phát Triển (Science and Development) newspaper.  — VNS

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