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AsianScientist (Might. 5, 2022) – From optimized operations to smart move making and knowledge evaluation—synthetic intelligence (AI) has the potential to offer options that may vastly speed up progress in key industries.
In 2019, Singapore launched its Nationwide AI Technique devoted to advancing the nation as a wise nation. By way of a slew of programmes and investments, the initiative aimed to spice up the Lion Metropolis’s capabilities in growing and deploying impactful AI options.
With the rising demand for clever applied sciences, start-ups like Longway AI have taken up the mantle of offering customized AI options to quite a lot of companies. Most prominently, the corporate develops AI merchandise resembling facial recognition software program, thermal room sensors, monitoring platforms and aged fall prevention techniques.
Setting Longway AI aside from different options suppliers, nevertheless, is the corporate’s willingness to embrace open innovation. By fostering a tradition of inter-institutional collaboration, the transformative potential of AI is additional enhanced, permitting Longway AI’s applied sciences to create socio-economic advantages for Singapore.
In an interview with IPI, Longway AI Managing Director Calvin Ng shares how answering open innovation calls have remodeled the way in which they develop useful AI options.
- What’s the core competency of Longway AI?
Longway AI makes a speciality of predictive modeling, machine situation monitoring and preventive healthcare options for the aged. By way of deep studying and synthetic neural networks, we be sure that our options are embedded with the very best AI structure.
- What was the turning level in Longway AI’s historical past that satisfied you that open innovation was the appropriate approach to go?
Initially, once we conceptualized our firm milestones and future steps, we ideated from our point-of-view as a substitute of our prospects. Nevertheless, since collaborating in open innovation calls, we’ve got modified our technique. Now, we attempt to be nearer to the market by focusing extra on the angle of the shopper throughout the ideation course of.
- How has open innovation benefitted Longway AI to this point?
Responding to open innovation calls have helped us match our options to precise downside homeowners out there. In flip, we’ve got been producing clever options to satisfy our prospects’ distinctive necessities. We have been additionally in a position to develop clever merchandise for the corporate with some wins from Enterprise Singapore’s challenges and grants.
- How would you encourage a tradition of open innovation with native and abroad companions?
We encourage new start-ups to fervently reply to the requires open innovation—particularly since there are establishments like IPI which assist start-ups and SMEs to find companions domestically and abroad. The sort of publicity to the worldwide market can convey nice surprises for the corporate, from joint initiatives to business-model revenue sharing.
- Do you have got any recommendation for native start-ups and SMEs on components to think about earlier than embarking on open innovation?
First, guarantee that you’ve a technically-proficient staff standing beside you—not behind you. You can not stroll alone. To sort out various issues, you want technical experience from many area areas.
- How has IPI enhanced Longway AI’s innovation journey and helped your online business increase to new markets?
IPI related us with markets abroad, granting us the privilege of working with potential companions for joint calls in numerous nations together with the UK and Turkey. Additionally they supplied us with useful skilled recommendation—at all times going the additional mile to assist us in our early childhood.
In 2022, we hope to quickly develop our firm from a start-up to an SME by the continued assist of IPI—our trusted associate for innovation.
Asian Scientist Journal is a content material associate of IPI.
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Copyright: IPI. Learn the unique article right here.
Disclaimer: This text doesn’t essentially replicate the views of AsianScientist or its employees.
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