ARTIFICIAL intelligence (AI) is now playing a crucial role in the international arena as it contributes to the improvement of technology.
Dr. Erika Fille Legara, chairman of Aboitiz Data Science, Asian Institute Management, stressed out that AI is now considered to be a strategic capability that would improve our country's economic activity as it moves toward a more technologically advanced society.
"Indeed, companies are [now] competent in global analytics," Legara said during the Nordic Chamber's technology trend forum about AI and ChatGPT on March 22.
Part of strengthening AI, according to her, is through the strategic dimensions, which are digitalization and infrastructure; workforce development and regulation.
In terms of research and development, AI can serve "to accelerate innovation with AI, and master and push the boundaries of AI," said Legara.
"It is much more difficult to imagine a sector where AI would not impact real estate, all the way to logistics and supply chain, or even planning, agribusiness, health care, name it," she added.
According to Edbi and Kearney's survey in 2020, AI in Southeast Asia could boost the region's gross domestic product by almost $1 trillion by 2030.
For the Philippines, "it could increase 12 percent in gross domestic product or $92 billion," Legara said.
She further explained that this is because of the promotion of accessible services that would make people's lives easier, sooner or later.
AI may also have a negative impact that stems from inequality gaps, privacy and security; bias and discrimination; and job replacement.
"AI will not replace humans but humans using AI will replace humans not using AI," Legara noted, adding that it is very important Filipinos need to understand it well and be mindful.