Artificial intelligence (AI) presents limitless opportunity, but not without potential pitfalls and risks. This paradox has become increasingly evident for government leaders. They want to give domestic companies an edge over the competition, but are also expected to protect their citizens and use AI for social good. They want to support innovation, while still maintaining some level of control over how new technologies impact society at large. With a huge payoff on the line — by our own estimates, AI has the potential to increase worldwide GDP by 14 percent by 2030, an infusion of US$15.7 trillion into the global economy — it should come as no surprise that governments are eager to claim their share. To date, more than 20 countries, including Canada, China, France, Germany, India, Japan, Kenya, Mexico, New Zealand, Russia, South Korea, the United Arab Emirates, and the U.K., have released AI strategy documents. Global bodies such as the World Economic Forum and industry … [Read more...] about Is AI the Next Frontier for National Competitive Advantage?
National innovation strategy
The Ministry of Planning and Investment (MPI) has affirmed its position as the pioneer in innovation through providing advice and crafting policies, contributing to socioeconomic development and the improvement of the country’s business climate. Pioneering innovation At the 2018 review meeting of the MPI held on January 16, Minister of Planning and Investment Nguyen Chi Dung said: “Renovation and innovation, which have been the Party and the government’s policy for more than 30 years, are essential for development. The MPI, the agency providing general advice on strategies, master plans, plans for national socioeconomic development, asks all of the ministry’s officers to innovate and reform by providing advice on policy drafts.” At last year’s review meeting of the ministry, Prime Minister Nguyen Xuan Phuc recognised the officers of the planning and investment sector, who are fighting in the frontline of innovating economic thinking to accelerate … [Read more...] about A year pioneering and innovation
It’s now a year since the industrial strategy was launched. Encompassing a 255-page tome, it laid five foundations for productivity: ideas, people, infrastructure, places and the business environment. It promised waves of sector deals between government and industry to de-risk investment and improve workers’ skills. Six such deals were announced in the first year, from automotive and construction to artificial intelligence and nuclear, with more to come. The strategy also identified four "grand challenges" giving focus to both the R&D target and the deals: artificial intelligence and machine learning; clean growth; future mobility; and an ageing society. The roll out of the strategy, coupled with a rise in investment in research and development, is seen in Whitehall as critical to unlocking the productivity puzzle, making UK industry more competitive and creating an economy better balanced to resist the inevitable shocks of leaving the EU. Theresa May’s speech to … [Read more...] about Big ambitions and grand challenges: How the industrial strategy fares one year on
The National Innovation Centre, which is going to be established next year, will contribute to bringing Vietnam into the 4.0 era. The location of the NIC at Hoa Lac Hi-Tech Park The National Innovation Centre (NIC), a part of the Ministry of Planning and Investment (MPI)-initiated Vietnam Innovation Network launched in August this year, will create a world-class technology startup ecosystem in Vietnam and contribute to the implementation of the national strategy on Industry 4.0. According to the project draft drawn up by the MPI’s Central Institute for Economic Management (CIEM), the NIC will be developed on an area of 23 hectares in Hoa Lac Hi-Tech Park with the total investment of VND1.9 trillion ($82.6 million), including VND1.7 trillion ($73.9 million) for the physical construction and VND200 billion ($8.7 million) for operating capital. The project, set to break ground in 2019, will be developed within three years, and it could be put into operation in 2020. The … [Read more...] about New innovation centre to provide grounds for Vietnam 4.0
Experts said Việt Nam needs to build up the National Innovation Centre to create a technological start-up ecosystem and upgrade the national innovation system.– Photo cand.com.vn HÀ NỘI – Experts said Việt Nam needs to build up the National Innovation Centre to create a technological start-up ecosystem and upgrade the national innovation system. In a speech at a workshop on establishing the National Innovation Centre (NIC) held by the Central Institute for Economic Management (CIEM) on Wednesday in Hà Nội, CIEM director Nguyễn Đình Cung said the centre plays an important role in bringing new technologies to businesses and individuals. "Việt Nam’s innovation centres can help convert the country into an innovation-driven society based on Industry 4.0 technology,” bnews.vn quoted Cung as saying. “The NIC will have an advanced development model to create an international-level ecosystem for tech … [Read more...] about VN needs centre to boost innovation