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Malaysian companies push to make AI a top priority – analytics platform provider

Photo for illustration purposes only.  - Photo by 123RF

Photo for illustration purposes only. – Photo by 123RF

KUALA LUMPUR – Malaysian companies are encouraged to prioritize responsible artificial intelligence (AI) to fully leverage the potential benefits of generative AI and its innovations, AI and analytics platform provider SAS Institute Inc said.

Amir Sohrabi, SAS regional vice president and head of digital transformation for emerging Europe, Middle East and Africa (EMEA) and Asia, said it is important for business leaders to prioritize responsible AI, whether they already use AI implementing cases or still in the planning phase.

He said organizations must recognize that ensuring responsible AI is a collective responsibility involving all stakeholders in an AI system.

“(Effective) oversight must be led by the executive management team, focused on ensuring that responsible and trustworthy AI is the top priority for everyone.

“By closely monitoring and auditing AI operations, organizations can quickly identify and address any issues, allowing them to proactively address concerns before they escalate,” he told Bernama.

Citing the MyDigital report, Amir said the generative AI has the potential to unlock US$113.4 billion (1 = RM4.76) of manufacturing capacity in the Malaysian economy, equivalent to a quarter of the gross domestic product in 2022.

The Malaysian government also plans to implement a framework for managing AI and establishing ethical guidelines, given the increasing adoption of AI by various organizations.

These regulations are intended to promote innovation by creating an enabling environment, addressing risks and promoting ethical and responsible AI use, he said.

Amir further emphasized that responsible AI practices enhance human well-being, protect personal data and prevent discrimination. The basis for these characteristics lies in transparency and accountability, but unfortunately many organizations that deploy AI systems struggle to uphold these principles.

He stressed the utmost importance of not underestimating the importance of implementing AI in a responsible, ethical and safe manner, especially given the accelerating rate of adoption.

“Taking proactive measures will not only reduce risks but also enhance cyber resilience – ultimately helping Malaysian organizations thrive in the AI ​​era,” he added. – BERNAMA