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Hong Kong’s tech scene is on the cusp of becoming a global hub for fintech, artificial intelligence (AI) and big data, quickly evolving on its Smart City ambitions.
At face value, this effort to modernize often promises improved services, convenience and efficiency. However, besides the tech, end-user experience is important.
“The success of government technology is not dependent solely on bits and cables- infrastructure, internet speed, and ubiquitous connectivity. No vision of smartness or technological advancement is possible with public trust,” writes Kris Hartley, Public Policy Assistant Professor at City University Hong Kong.
But for trust to happen, we need understanding. In this article, we break down two hot topics - artificial intelligence and the cloud – into simple terms while understanding their benefits. We’ll talk about cloud computing basics and AI fundamentals in Hong Kong and how they complement each other if used properly. Let’s begin.
Understanding cloud computing basics is no longer optional; it’s essential, especially in today’s dynamic markets. In a recent survey, the public cloud services market is expected to grow by approximately 20.4%, or USD 675 billion this year, highlighting the importance for you to stay ahead of the curve.
At its core, cloud computing is a comprehensive system of servers, databases, software, analytics and intelligence that spans the internet, allowing you to access, manage and analyze data from anywhere. It differs from conventional data centres by offering unparalleled scalability, flexibility and cost-efficiency, unobtainable through more traditional setups. Unlike setting up a conventional server, which may require significant upfront investment and maintenance, many cloud providers operate on a pay-as-you-go model.
This lowers the costs required to run it and also improves flexibility. You can scale your services based on real-time demands, which enhances business agility.
AI is a smart technology that helps machines make decisions just like humans do. By simulating “intelligence,” machines can perform tasks like recognizing speech, making decisions and even solving complex problems. By incorporating machine learning - which is basically learning via data-sets – AI gets smarter. It’s like how Netflix suggests movies you might like; it learns from your watching habits. When the system learns, accuracy and efficiency improve over time.
Deep learning and Natural Language Processing (NLP) take this a step further by enabling computers to recognize things like facial movement or spoken words with incredible accuracy. This allows for more nuanced interactions that are capable of understanding emotion, context, and subtleties in human communication.
Cloud computing and AI each have unique characteristics setting them apart. Here are some differences:
Cloud Computing | Artificial Intelligence | |
---|---|---|
Definition | Delivery of computing services over the Internet | Simulates human intelligence with machines |
Primary Use | Data storage, computing power, software services | Data analysis, learning and decision-making |
Infrastructure | Relies on distributed server networks and virtualization | Involves algorithms, neural networks and data models |
Scalability | Easily scalable to accommodate growing demands | Scalability depends on the complexity of algorithms and data |
When combined, these technologies bring out the best in each other. For businesses, cloud computing provides an affordable platform for AI projects to live and work. By leveraging cloud resources, you’re able to access scalable computing, eliminating the need for costly hardware and set-up fees. Cloud providers also offer AI services specifically catered to their platforms, making it easier for businesses to develop, deploy, and manage their apps.
Convenience and accuracy are two main benefits for businesses wanting to combine cloud and artificial intelligence. With the AI hybrid cloud recently introduced by Hewlett Packard Enterprise (HPE) and NVIDIA, companies can enhance their processing and machine learning capabilities by training AI models directly in a cloud environment. This flexibility allows businesses to navigate evolving market demands while fostering agile decision-making.
In Hong Kong, understanding cloud computing is key to helping you work together better and get more done.
Cloud services come in three main models: Infrastructure as a Service (IaaS), Platform as a Service (PaaS), and Software as a Service (SaaS).
Cloud computing revolutionizes how teams work together, boosting productivity and streamlining project management. Here are other ways cloud computing enhances productivity:
In 2023, 84% of Hong Kong businesses already employ AI in their workflow, and this is projected to increase to 94% by 2028. Companies have made headway using cloud and AI to automate tasks, optimize supply chains, and personalize marketing efforts, highlighting the transformative impact these technologies are making in customer engagement and operational efficiency.
HSBC, one of the world’s largest banks, has seen strategic improvements in its customer service and fraud detection capabilities using AI and cloud services. Incorporating Google Cloud AI, HSBC’s customer chatbots are designed to streamline customer query resolution, facilitate real-time document retrieval and power human-like conversations.
In addition to customer service, the bank leverages AI and cloud technologies to bolster fraud detection. By analyzing around 1.2 billion transactions monthly across 40 million customer accounts, HSBC’s AI fraud detection system can identify and respond to financial crime before they get out of hand. The result? A 60% reduction of false positives while cutting analysis time from weeks to days.
With technology rapidly advancing, the demand for skills in AI and cloud computing is skyrocketing. Cyberport Academy offers professional workshops on AI and Machine Learning, which provide practical knowledge and hands-on experience to help professionals stay ahead. Courses like “How to Create Projects Using AI” and “The History of AI” are designed to provide practical skills and contextual understanding, ensuring participants are well-versed in artificial intelligence and its applications.
For cloud computing, Hong Kong Polytechnic University’s (PolyU) “Practicum on Cloud Computing” and “Cloud Computing – Fundamentals” offer in-depth insights into cloud architecture, deployment modes and security practices. Both courses emphasize hands-on applications and provide valuable credentials for those in the tech industry.
HP is bringing new tools for Cloud and AI to Hong Kong introducing essential technology concepts for employees.
Z by HP brings you an AI Studio that assists by:
At HP, we’ve also launched a new line of AI-powered HP Elite PCs. Powered by the latest DALL-E 3 AI, this line of business PCs lets you:
Cloud computing and AI are changing how organizations conduct business, offering faster and more intelligent solutions in their workflows. With cloud computing’s scalable infrastructure and cost-efficiency, combined with AI’s ability to simulate human intelligence and enhance decision-making, the advantages are immense. As these technologies continue to advance, it’s essential for employees in Hong Kong to stay informed and skilled. So what are you waiting for? Upgrade your skills today and lead the way to a better workplace.
Mon-Fri 8.30am - 5.30pm
(exc. Public Holidays)
Live product demo